Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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<ul><li>The productivity result is the standout headline, beating management’s own hurdle. </li><li>This month, eXoZymes announced that its optimized NCT (a metabolism-boosting compound previously inaccessible at scale) process delivered ~10x higher aggregate productivity, with output per liter up ~67% and reaction time cut by more than 80%, from ~20 hours to four.</li><li>Management stated these gains exceeded the productivity targets established in its original techno economic model for commercializing NCT. </li></ul>

The productivity result is the standout headline, beating management’s own hurdle. This month, eXoZymes announced that its optimized NCT (a metabolism-boosting compound previously inaccessible at scale) process delivered ~10x higher aggregate productivity, with output per liter up ~67% and reaction time cut by more than 80%, from ~20 hours to four.Management stated these gains exceeded the productivity targets established in its original techno economic model for commercializing NCT. 

EXOZ: Key Takeaways from 2Q26 Update; From Platform Validation to Commercial Execution