Alkaline88® Earns Nationwide Distribution in Kroger
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Alkaline88 is now available in all Kroger banners nationwide.
- 04/12/2023
|
3 Under-$3 Consumer Staple Stocks Wall Street Analysts Recommend Buying
- Yield10 Bioscience (YTEN), The Alkaline Water Company (WTER) and Benson Hill (BHIL) are low-priced and well-ranked consumer staple companies, which look well-placed for 2023 on the back of their robust fundamentals.
- 12/28/2022
|
The Alkaline Water Company Inc. (WTER) Q2 2023 Earnings Call Transcript
- The Alkaline Water Company Inc. (NASDAQ:WTER ) Q2 2023 Earnings Conference Call November 15, 2022 8:30 AM ET Company Participants Jeff Wright - Investor Relations Frank Lazaran - President and Chief Executive Officer David Guarino - Chief Financial Officer Operator Greetings. Welcome to the Alkaline Water Company Second Quarter Fiscal Year 2023 Conference Call.
- 11/15/2022
|
Alkaline Water Company Inc. (WTER) Reports Q2 Loss, Tops Revenue Estimates
- Alkaline Water Company Inc. (WTER) delivered earnings and revenue surprises of -20% and 6.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/14/2022
|
The Alkaline Water Company Reports Record Revenue of $19.6 Million in Second Quarter Fiscal 2023
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage® company, today reported financial results for the quarter ending September 30, 2022. The Company reported record revenue of approximately $19.6 million, representing the best quarterly revenue in company history and 28.3% year-over-year growth. The Company filed the corresponding Form 10-Q with the SEC on November 14th, 2022, also available here: ir.thealkalinewaterco.com “In our first full quarter since we announced our Pathway to Profitability, The Alkaline Water Company’s operating results show the significant progress we are already making toward our goal of profitability,” said Frank Lazaran, President and CEO of The Alkaline Water Company. “We’ve reported record revenue, our spending is down, and we are improving our gross margin, having regained almost 300 basis points over last quarter. “We grew revenue 28.3% year-over-year, to a record $19.6 million while at the same time reducing operating expenses by $5.7 million. We reiterate our revenue guidance of $70 million. Due to our continued emphasis on executing our Pathway to Profitability strategy, we project our gross margins will be between 26% and 27% next quarter and 29% and 30% for the last quarter of the fiscal year which ends March 31, 2023. This would amount to a gross margin improvement of approximately 850 to 900 BPS over the course of the year.” Second Quarter Fiscal 2023 Financial Highlights (all amounts in U.S. dollars) (unaudited): Record revenue of $19.6 million, +28.3% year-over-year compared to $15.3 million Gross Profit was $4.6 million, 23.7% of revenue, up 295 BPS sequentially over first quarter Total Operating Expenses were $9.7 million, a 37% YoY improvement Total Operating Loss was ($5.1 million), a 50% YoY improvement Net Loss was ($8.4 Million), a $2 million YoY improvement Net Loss Per Share of ($0.06) compared to ($0.11) in Q2 Fiscal 2022 Cash Position on September 30, 2022 was approximately $2.3 million Complete results for the Company’s Second Quarter Fiscal Year 2023 have been filed on EDGAR at www.sec.gov and on SEDAR under the Company’s profile on www.sedar.com. Pathway to Profitability Update The Company announced that an estimated $5 million in additional cost savings and margin enhancements have been identified. Total estimated savings, once fully implemented throughout fiscal years 2023 and 2024, are now approximately $20 million compared to fiscal year 2022. “We have examined and reexamined the cost of every single component involved in the production and distribution of Alkaline88, and we are doing everything we can to become a more efficient company and rebuild our gross margin,” continued Mr. Lazaran. “Non-essential General and Administrative expenses remain frozen, saving us almost $2.7 million compared to last year and Sales and Marketing expenses were reduced more than $3 million from a year ago. “Our total operating losses were reduced by over $5 million, a 50% improvement year-over-year. Our net loss improved by $2 million from prior year quarter to $8.4 million which included approximately $3.1 million, or $0.02 per share, in non-cash nonrecurring other expenses. We’ve made significant progress toward profitability in a very short time while increasing total revenue by 28.3% and continuing to grow the Alkaline88 brand.” The Company provided additional details on measures taken as part of its Pathway to Profitability strategy: Reduction in Freight and Shipping & Handling Strengthened production and distribution network Lower fuel prices in Q2 vs Q1 Renegotiated prices with primary transportation partners for up to $1 million in potential savings per year at current shipping volumes Decreased less-than-full-truckload shipments to high-volume customers Freight cost per case shipped in the second quarter was down approximately 20% year-over-year and 6% sequentially over last quarter Strengthened production and distribution network Lower fuel prices in Q2 vs Q1 Renegotiated prices with primary transportation partners for up to $1 million in potential savings per year at current shipping volumes Decreased less-than-full-truckload shipments to high-volume customers Freight cost per case shipped in the second quarter was down approximately 20% year-over-year and 6% sequentially over last quarter New Lower Prices for Raw Materials Renegotiated lower prices with multiple raw material vendors, including bottles and packaging options The Company will begin to see the benefit of newly negotiated lower prices on raw materials after more expensive existing inventory is sold through in Q3 and Q4 Renegotiated lower prices with multiple raw material vendors, including bottles and packaging options The Company will begin to see the benefit of newly negotiated lower prices on raw materials after more expensive existing inventory is sold through in Q3 and Q4 Inventory Reduction Over $800,000 reduction in overall inventory in Q2, approximately $500,000 of which was raw materials Goal to reduce overall inventory by $2 million by end of year Over $800,000 reduction in overall inventory in Q2, approximately $500,000 of which was raw materials Goal to reduce overall inventory by $2 million by end of year Financing The Company has executed term sheets for $6-$7 million of nondilutive financing, anticipated to close by year end The Company has executed term sheets for $6-$7 million of nondilutive financing, anticipated to close by year end Second Quarter Fiscal Year 2023 Key Business Highlights The Company provided additional insight into the success of Alkaline88® at retail and its trajectory for continued growth as a brand within the Value-Added Water category. Nielsen Data Shows Strong Growth at Retail (for xAOX+Conv. ending 10/08/2022) Alkaline88® grew 36.6% year-over-year in retail sales for the trailing 52 weeks with sales totaling almost $90 million Alkaline88’s growth rate outpaced the category’s by 2.8 times for the trailing 13 weeks Alkaline88’s 13-week retail sales were over $26 million Alkaline88® grew 36.6% year-over-year in retail sales for the trailing 52 weeks with sales totaling almost $90 million Alkaline88’s growth rate outpaced the category’s by 2.8 times for the trailing 13 weeks Alkaline88’s 13-week retail sales were over $26 million New Stores Alkaline88 has closed deals to add over 11,000 new locations to its retail footprint since the start of the calendar year Second quarter additions include Dollar Tree, BJs Wholesale Club, AMPM, and Giant Eagle Alkaline88 has closed deals to add over 11,000 new locations to its retail footprint since the start of the calendar year Second quarter additions include Dollar Tree, BJs Wholesale Club, AMPM, and Giant Eagle SKU Expansion Alkaline88 has closed deals to add new SKUs to existing clients in over 18,000 locations since the start of the calendar year Second quarter additions include adding the Alkaline88 2-liter in Rite-Aid nationally and H-E-B in Texas. Alkaline88 has closed deals to add new SKUs to existing clients in over 18,000 locations since the start of the calendar year Second quarter additions include adding the Alkaline88 2-liter in Rite-Aid nationally and H-E-B in Texas. Convenience Store Channel Growth Alkaline88 is now a top-15 brand in the convenience channel by dollar volume according to 52-week Nielsen data Cases shipped are up 2.5 times in the first half of fiscal year 2023 over the same period from the previous year 12 states now have Direct-Store-Delivery coverage Alkaline88’s weighted distribution of less than 5% is one-tenth the average of the larger brands in the channel, suggesting strong opportunity for continued growth Alkaline88 is now a top-15 brand in the convenience channel by dollar volume according to 52-week Nielsen data Cases shipped are up 2.5 times in the first half of fiscal year 2023 over the same period from the previous year 12 states now have Direct-Store-Delivery coverage Alkaline88’s weighted distribution of less than 5% is one-tenth the average of the larger brands in the channel, suggesting strong opportunity for continued growth “Alkaline88 is the largest independent enhanced-water brand in the country,” continued Mr. Lazaran. “We are outpacing the competition and showing strong growth at retail as a growing brand in a growing beverage category, with products that consumers love. This continued success at retail combined with the clear improvements to our operating results make us very optimistic about the future of The Alkaline Water Company.” Second Quarter Fiscal Year 2023 Conference Call The Company will host a conference call Tuesday November 15th, at 8:30 AM Eastern Time. Conference Call Details: Date: November 15, 2022 Time: 8:30AM Eastern Time (ET) Dial-in Number for U.S. and Canadian Callers: 877-407-3088 Dial-in Number for International Callers (Outside of the U.S. and Canada): 201-389-0927 Conference ID Number: 13734370 Participating on the call will be the Company’s President and CEO, Frank Lazaran, and Chief Financial Officer, David Guarino, who will discuss operational and financial highlights for the second quarter and the outlook for the second half of fiscal year 2023. They will be joined for the question-and-answer portion of the call by the Company’s Director of Sales and Operations, Frank Chessman. To join the live conference call, please dial into the above-referenced telephone numbers five to ten minutes prior to the scheduled call time. A replay will be available for one week starting on November 15th, 2022, at approximately 12:30 PM (ET). To access the replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers and use Access ID: 13734370 About The Alkaline Water Company: The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share. Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked “Clean Beverage” label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88®. To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn. Notice Regarding Forward-Looking Statements This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: the statements relating to an estimated $5 million in additional cost-savings and margin enhancements, now approximately $20 million total (to be fully implemented throughout fiscal years 2023 and 2024) compared to fiscal year 2022; the statements relating to the Company’s pathway to profitability and the Company’s goal of profitability; the Company’s revenue guidance of $70 million; the Company’s projection that the Company’s gross margins will be between 26% and 27% next quarter and 29% and 30% for the last quarter of the fiscal year which ends March 31, 2023 and that this would amount to a gross margin improvement of approximately 850 to 900 BPS over the course of the year; that the Company is doing everything it can to become a more efficient company and rebuilding its gross margin; the statements relating to the Company’s pathway to profitability strategy, including up to $1 million in potential savings per year at current shipping volumes and goal to reduce overall inventory by $2 million by end of year; that the Company will begin to see the benefit of newly negotiated lower prices on raw materials after more expensive existing inventory is sold through in Q3 and Q4; the Company’s trajectory for continued growth as a brand within the Value-Added Water category; the statement regarding proposed $6-$7 million dollars of nondilutive financing, anticipated to close by year end; the statement relating to strong opportunity for continued growth in convenience store channel; and that the continued success at retail combined with the clear improvements to the Company’s operating results make the Company very optimistic about the future of The Alkaline Water Company. The material assumptions supporting these forward-looking statements include, among others, that the Company’s cost-saving and margin enhancement measures will be fully implemented and, once implemented, they will be effective to reduce the Company’s annual expense and enhance the Company’s margin to the extent anticipated by the Company; that the Company’s burn rate to reach the level anticipated by the Company as a result of the Company’s proactive reduction in its monthly burn rate; that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. In addition, the Company’s fiscal year 2023 revenue guidance is based on the Company’s expectation that the Company’s topline to be driven by the momentum the Company is carrying forward as one of the fastest-growing top-ten brands in one of the fastest growing beverage categories; and the Company’s belief that the Company will continue to see continued organic growth within the Company’s existing retail clients and distribution expansion to new clients throughout the country. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company’s CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; competition in the industry in which the Company operates and market conditions; and the risk that the proposed $6-$7 million of nondilutive financing may not close by year end or at all. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
- 11/14/2022
|
The Alkaline Water Company Reports Record Revenue of $16.9 Million in First Quarter Fiscal Year 2023
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage® company, today reported financial results for the quarter ending June 30, 2022. The Company reported record revenue of $16.9 million, representing the best quarterly revenue in company history and 20% year-over-year growth. The Company filed the corresponding Form 10-Q with the SEC on August 15, 2022, also available here: ir.thealkalinewaterco.com First Quarter Fiscal 2023 Financial Highlights (all amounts in U.S. dollars) (unaudited): Record revenue of $16.9 million, +20% year-over-year compared to $14.1 million Gross Profit was $3.5 million Total Operating Expenses were $9.8 million, a 19% YoY improvement Total Operating Loss was $6.3 million, a ~14% YoY improvement Net Loss Per Share of ($0.06) compared to ($0.08) in Q1 Fiscal 2022 Cash Position on June 30, 2022 was approximately $3 million Complete results for the Company’s First Quarter Fiscal Year 2023 have been filed on EDGAR at www.sec.gov and on SEDAR under the Company’s profile on www.sedar.com. “Momentum from last year has continued through the first quarter of fiscal year 2023, resulting in record sales for our company,” said Frank Lazaran, President and CEO of The Alkaline Water Company. “Our record revenue of $16.9 million for the quarter ending June 30, 2022 represents 20% year-over-year growth. This strong sales pace, which continued with record July growth of approximately 30% year-over-year, puts us firmly on track to achieve our fiscal year revenue guidance while focusing on our new Pathway to Profitability. “Our Pathway to Profitability review began in June and was just recently completed after sixty days, yet we can already see the impact of our cost-savings initiatives that were in place for less than thirty days in the first quarter. We halted virtually all non-essential General and Administrative spending in Q1, which resulted in a 42% year-over-year decrease in G&A expenses. Total operating expenses decreased by over $2.3 million, a 19% year-over-year improvement. “We’re pleased to report record revenue and early improvement to operating expenses so early in the execution of our new corporate strategy but we’re even more optimistic about our future. We look forward to showing our shareholders the full benefits of our Pathway to Profitability strategy as we continue to reduce operating expenses and ramp up margin enhancements over the next few quarters.” Pathway to Profitability: The Company provided more details on its margin enhancement initiatives as part of its Pathway to Profitability strategy. Margin enhancement is part of an overall strategy to generate approximately $15 million in savings compared to fiscal year 2022, once all changes are fully implemented. The Company intends to improve gross margin through a variety of measures including: Packaging Changes: The Company will use less packaging materials and more cost-efficient options when possible. Using different boxes and completely eliminating cardboard when practical will result in savings across millions of packages per year. Production Optimization: Some of the Company’s co-packing partners have expanded their capabilities to include processes like blowing bottles on site. By taking advantage of these improvements, the Company can realize cost savings across tens of millions of bottles every year. Pricing and Promotional Optimization: Considering economic headwinds, the Company will be more proactive in staying ahead of cost increases passed on to them in the production process and maintaining pace with category price movements. The Company will also be more strategic in their allocation of promotional dollars. Decreasing Shipping and Handling Miles: The Company’s strong network of strategically located co-packers and raw material manufacturers has decreased distance between production nodes. This has reduced shipping and handling costs in the production process, in some cases by as much as half when compared to previous years. Since the beginning of the first quarter alone, the company has added three new raw material providers to become a more efficient company. Besides helping improve gross margin and increasing production capacity for our continued sales growth, the production network’s geographic footprint also reduces sales expenses associated with outgoing freight. The Company is now within a few hundred miles of many of the key distribution centers of its major clients. Furthermore, as part of its cost-savings measures associated with freight, the Company is working to minimize the number of less-than-full truckloads that it ships. First Quarter Fiscal Year 2023 Key Business and Operational Highlights Alkaline88® outpaces Value-Added Water category growth* Alkaline88’s year-over-year growth is more than three times greater than that of the overall category. Alkaline88 was one of three top-ten brands to experience year-over-year unit growth. Alkaline88’s year-over-year growth is more than three times greater than that of the overall category. Alkaline88 was one of three top-ten brands to experience year-over-year unit growth. *According to xAOC Nielsen data for the 13-weeks ending 7/16/22. Strong new store and SKU expansion since start of Fiscal Year 2023. Alkaline88 added over 8,400 new stores to its retail footprint. Alkaline88 expanded SKU offerings in over 14,000 existing client locations. Alkaline88 added over 8,400 new stores to its retail footprint. Alkaline88 expanded SKU offerings in over 14,000 existing client locations. Launched Alkaline88 1-Gallon 4-pack in Sam’s Club The 1-Gallon “Club Pack” is now available in 590 Sam’s Clubs around the country. The 1-Gallon “Club Pack” is now available in 590 Sam’s Clubs around the country. Alkaline88 began new direct-store-delivery (DSD) partnership Alkaline88 entered a partnership with Heidelberg to cover distribution in Ohio and northern Kentucky. Alkaline88 entered a partnership with Heidelberg to cover distribution in Ohio and northern Kentucky. Alkaline88 began operations with a new co-packer Century Springs near Milwaukee is the first co-packer to produce Alkaline88 in the Midwest, supporting the brand’s growth in the region. Century Springs near Milwaukee is the first co-packer to produce Alkaline88 in the Midwest, supporting the brand’s growth in the region. “In Fiscal Year 2023, shareholders will see improvement to the bottom line as Alkaline88 continues to grow,” continued Mr. Lazaran. “New clients, SKU expansion, and organic growth are the tried-and-true drivers that we believe will keep Alkaline88 a growth leader in the value-added water category. We see significant upside in all sales channels, especially grocery, club, specialty retail, and convenience, and our target list for the rest of fiscal 2023 includes over 30,000 prospective doors. While our Sales and Marketing teams are hard at work selling more Deliciously Smooth™ Alkaline88 to consumers across the country, the entire Company will continue to execute on our Pathway to Profitability strategy to increase value for our shareholders.” First Quarter Fiscal Year 2023 Conference Call The Company will host a conference call Tuesday August 16th, at 8:30 AM Eastern Time. Conference Call Details: Date: August 16th, 2022 Time: 8:30AM Eastern Time (ET) Dial-in Number for U.S. and Canadian Callers: 877-407-3088 Dial-in Number for International Callers (Outside of the U.S. and Canada): 201-389-0927 Conference ID Number: 13732197 Participating on the call will be the Company’s President and CEO, Frank Lazaran, and Chief Financial Officer, David Guarino, who will discuss operational and financial highlights for the first quarter and the outlook for the rest of fiscal year 2023. They will be joined for the question-and-answer portion of the call by the Company’s Chief Marketing Officer, Tom Hutchison, and Frank Chessman, Executive Director of Sales and Operations. To join the live conference call, please dial into the above-referenced telephone numbers five to ten minutes prior to the scheduled call time. A replay will be available for one week starting on August 16th, 2022, at approximately 12:30 PM (ET). To access the replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers and use Access ID: 13732197 About The Alkaline Water Company: The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share. Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked “Clean Beverage” label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88®. To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn. Notice Regarding Forward-Looking Statements This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: the statements relating to the Company’s gross margin enhancement strategy; that the strong sales pace, which continued with record July growth of approximately 30% year-over-year, puts the Company firmly on track to achieve the Company’s fiscal year revenue guidance while focusing on the Company’s new pathway to profitability; the statements relating to the pathway to profitability; the Company is even more optimistic about its future; that the Company looks forward to showing its shareholders the full benefits of its Pathway to Profitability strategy as the Company continues to reduce operating expenses and ramp up margin enhancements over the next few quarters; the statements relating to the Company’s overall strategy to generate approximately $15 million in savings compared to fiscal year 2022, once all changes are fully implemented; that the Company intends to improve gross margin through a variety of measures including (i) packaging changes; (ii) production optimization; (iii) pricing and promotional optimization; and (iv) decreasing shipping and handling miles and the statements about their details; that in Fiscal Year 2023, shareholders will see improvement to the bottom line as Alkaline88 continues to grow; that the Company believes new clients, SKU expansion, and organic growth will keep Alkaline88 a growth leader in the value-added water category; that the Company sees significant upside in all sales channels, especially grocery, club, specialty retail, and convenience; that the Company’s target list of for the rest of fiscal 2023 includes over 30,000 prospective doors; and that the entire Company will continue to execute on its Pathway to Profitability strategy to increase value for its shareholders. The material assumptions supporting these forward-looking statements include, among others, that the Company’s cost-saving and margin enhancement measures will be fully implemented and, once implemented, they will be effective to reduce the Company’s annual expense and enhance the Company’s margin to the extent anticipated by the Company; that the Company’s burn rate to trend downward and, eventually, settle between 25 and 50% less than it is right now as a result of the Company’s proactive reduction in its monthly burn rate; that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. In addition, the Company’s fiscal year 2023 revenue guidance is based on the Company’s expectation that the Company’s topline to be driven by the momentum the Company is carrying forward as one of the fastest-growing top-ten brands in one of the fastest growing beverage categories; and the Company’s belief that the Company will continue to see continued organic growth within the Company’s existing retail clients and distribution expansion to new clients throughout the country. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company’s CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
- 08/15/2022
|
What to Look For in a Penny Stock in 2022
- Are these tips part of your penny stocks trading strategy? The post What to Look For in a Penny Stock in 2022 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 07/31/2022
|
Alkaline Water Company Inc. (WTER) CEO Frank Lazaran on Q4 2022 Results - Earnings Call Transcript
- Alkaline Water Company Inc. (NASDAQ:WTER ) Q4 2022 Earnings Conference Call July 15, 2022 8:45 AM ET Company Participants Jeff Wright - Director of Investor Relations Frank Lazaran - President & Chief Executive Officer David Guarino - Chief Financial Officer Frank Chessman - Executive Director of Sales & Operations Conference Call Participants Kevin Dede - H.C. Wainwright Operator Greetings.
- 07/15/2022
|
The Alkaline Water Company Reports Record Revenue of $60.6 Million for Full-Year Fiscal 2022
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage® company, today reported financial results for full fiscal year ending March 31, 2022. The Company reported revenue of $60.6 Million, the highest yearly revenue in company history, representing year-over-year growth of 32%. The Company filed the corresponding form 10-K with the SEC on July 14, 2022, also available here: ir.thealkalinewaterco.com Full-Year Fiscal 2022 Financial Performance (all amounts in U.S. dollars) (unaudited): Record revenue of $60.6 Million, a year-over-year (“YoY”) increase of 32% 32% YoY growth is highest percentage fiscal-year growth since FY2019 Gross Profit of $15.2 Million Cost of Goods Sold equaled $45.4 Million Net loss of $39.4 Million EPS of ($0.40) Record Fiscal Year 2022 Revenue and Fiscal Year 2023 Guidance: “Topline revenue for fiscal year 2022 was the best ever for The Alkaline Water Company,” said Frank Lazaran, President and CEO of The Alkaline Water Company. “Our record revenue of $60.6 million represents a 32% growth over last year and is the strongest year-over-year growth we’ve seen since 2019. “Alkaline88 is a stronger brand than it has ever been. We remain confident in The Alkaline Water Company’s ability to continue to grow double digits year-over-year in fiscal year 2023 and are issuing revenue guidance of $70 Million for fiscal year 2023. “We expect our topline to be driven by the momentum we’re carrying forward as one of the fastest-growing top-ten brands in one of the fastest growing beverage categories. We believe that we will continue to see continued organic growth within our existing retail clients and distribution expansion to new clients throughout the country. Our confidence is bolstered by the fact that early results from the first quarter of fiscal year 2023 indicate another record quarter to report in August 2022.” A Pathway to Profitability: In the first 40 days of Mr. Lazaran serving as the Company’s CEO, management has begun to conduct a thorough review of the expense structure of the company. The Company has identified various changes that have the potential to improve profitability by an estimated $4.5-$5 million in annual expense reductions and margin enhancements, once they are fully implemented. The Company has already instituted changes that will result in over $2 million in estimated savings over the next year. Management will give an update on further progress in the Company’s first quarter fiscal 2023 call in August 2022. “In addition to continuing to grow topline sales in Fiscal 2023, the Company will be laser focused on providing a pathway to profitability,” continued Mr. Lazaran. “This will be driven by cost structure optimization, margin enhancement, and a much greater disciplined capital management approach.” Some ways in which the Company will create cost-savings benefits include: Adding strategic copacking partners to decrease freight costs and provide production capacity for growing sales needs. This includes a recent new addition in the Midwest and a northern California plant coming online in the next two months. Increasing production capabilities and efficiencies within copackers and raw materials providers, by using state-of-the-art equipment and streamlining the production process where possible, to increase margins on finished products Eliminating redundancies and decrease inefficiencies in third-part services and partnerships Evaluating the overall structure and productivity of the Company itself to ensure it is operating as efficiently as possible Initiating a more disciplined capital management approach “These initiatives will not negatively impact topline sales. We will continue to drive revenue, while simultaneously improving the bottom line and increasing shareholder value,” stated Mr. Lazaran. Fourth Quarter Fiscal Year 2022 Key Business and Operational Highlights Alkaline88 expanded into thousands of new stores throughout the country. These stores included approximately 400 Stop & Shop stores in the Northeast, 200 Meijer Express in the Midwest, and over 600 stores in the Grand Canyon Division of one of the nation’s leading C-Store chains, among others. These stores included approximately 400 Stop & Shop stores in the Northeast, 200 Meijer Express in the Midwest, and over 600 stores in the Grand Canyon Division of one of the nation’s leading C-Store chains, among others. Alkaline88 is a Category Leading Brand in Dollar and Unit Volume Growth.* For fiscal year 2022 and continuing into the new fiscal year, Alkaline88 had the second-best year-over-year growth rate in both dollar and unit volume amongst the top-ten value added water. Alkaline88 outpaced the category growth rate by nearly double in dollar volume and more than eight times in unit volume. Alkaline88 was one of only 3 top-ten brands to gain market share. For fiscal year 2022 and continuing into the new fiscal year, Alkaline88 had the second-best year-over-year growth rate in both dollar and unit volume amongst the top-ten value added water. Alkaline88 outpaced the category growth rate by nearly double in dollar volume and more than eight times in unit volume. Alkaline88 was one of only 3 top-ten brands to gain market share. *According to xAOC Nielsen data for the 52-weeks ending 5/21/22. Alkaline88 announced the operation of a new co-packer in Phoenix, AZ. AZ Custom Bottled Water LLC began producing Alkaline88 products to meet demand in the Southwest region and beyond. AZ Custom Bottled Water LLC began producing Alkaline88 products to meet demand in the Southwest region and beyond. Alkaline88 initiated two new DSD partnerships in the Pacific Northwest and Alaska. Columbia Distributing and Bill’s Distributing will support Alkaline88’s expansion by improving distribution and brand presence throughout their covered regions. Columbia Distributing and Bill’s Distributing will support Alkaline88’s expansion by improving distribution and brand presence throughout their covered regions. “Our company’s steady growth is a result of the consistent addition of new clients, the expansion of SKUs within existing clients, and organic growth driven by Alkaline88 drinkers,” continued Mr. Lazaran. “Alkaline88 finished the fiscal year strongly, with wins in all three categories. These three factors have driven regular double-digit year-over-year sales growth for Alkaline88 and give us continued confidence going forward in our company’s topline growth in fiscal 2023. “We believe that Alkaline88 is well positioned to continue to be a consistent leader in unit and dollar growth and brand expansion compared to other top-ten peers, even as we refocus on becoming a profitable brand. As we continue to strengthen our production and distribution networks and optimize our corporate structure, Alkaline88 will grow much more efficiently. These Company-wide improvements will bolster the strength of the brand, improve the bottom line, and enhance shareholder value.” Cash Flow and Operational Runway: Since March 31, 2022 the company has raised additional capital through the exercise of multiple sets of warrants from long-term investors. Additionally, the Company recently extended its revolving credit facility and increased its limit from $7 million to $10 million. “The Company’s ability to operate as a going concern is dependent on obtaining adequate capital to fund operating losses until the Company becomes profitable,” said David Guarino, Company CFO. “The Company has initiated a cost-reduction strategy to proactively reduce our monthly burn rate. While we are not prepared to give exact numbers or a timeline yet, we anticipate our burn rate to trend downward and, eventually, settle between 25 and 50% less than it is right now. We’ll share more about this progress on our first quarter call. “With that plan, our cash on hand, plus anticipated warrant exercises and debt settlements, our line of credit, and the sales agreement with Roth Capital Partners, LLC, we plan to fund our current planned operations and capital needs. However, if our current plans change or are accelerated or we choose to increase our production capacity, we may seek to sell additional equity or debt securities or obtain additional credit facilities, including seeking investments from strategic investors.” Fiscal 2022 Complete Financial Results Complete results for the Company’s fiscal 2022 year have been filed on SEDAR under the Company’s profile on www.sedar.com and on EDGAR at www.sec.gov. Full Year Fiscal 2022 Conference Call The Company will hold a conference call Friday, July 15th, at 8:45 AM Eastern Time. Conference Call Details: Date: July 15, 2022 Time: 8:45 AM Eastern Time (ET) Dial-in Number for U.S. and Canadian Callers: 877-407-3088 Dial-in Number for International Callers (Outside of the U.S. and Canada): 201-389-0927 Conference ID Number: 13731538 Participating on the call will be the Company’s President and CEO, Frank Lazaran, and Chief Financial Officer, David Guarino, who will discuss operational and financial highlights for fiscal year 2022 and outlook for fiscal year 2023. They will be joined for the question-and-answer portion of the call by the Company’s Chief Marketing Officer, Tom Hutchison, and Frank Chessman, Executive Director of Sales and Operations. To join the live conference call, please dial into the above-referenced telephone numbers five to ten minutes prior to the scheduled call time. A replay will be available for one week starting on July 15, 2022, at approximately 12:45 PM (ET). To access the replay, please dial 877-660-6853 in the U.S. or Canada and 201-612-7415 for international callers and use Access ID: 13731538 About The Alkaline Water Company: The Alkaline Water Company is the Clean Beverage® company making a difference in the water you drink and the world we share. Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88®, is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88® delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked “Clean Beverage” label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88®. To purchase The Alkaline Water Company’s products online, visit us at www.alkaline88.com. To learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com or connect with us on Facebook, Twitter, Instagram, or LinkedIn. Notice Regarding Forward-Looking Statements This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the following: that the Company remains confident in the Company’s ability to continue to grow double digits year-over-year in fiscal year 2023; the statements relating to the Company’s revenue guidance of $70 million for fiscal year 2023; the Company’s expectation that the Company’s topline to be driven by the momentum the Company is carrying forward as one of the fastest-growing top-ten brands in one of the fastest growing beverage categories; the Company’s belief that the Company will continue to see continued organic growth within the Company’s existing retail clients and distribution expansion to new clients throughout the country; the statement relating to another record quarter to report in August 2022; the statements relating to the Company’s plan for pathway to profitability; the statements relating to various changes that have the potential to improve profitability by an estimated $4.5-$5 million in the Company’s annual expense reduction and margin enhancements, once they are fully implemented; that the Company has already instituted changes that will result in over 2 million dollars in estimated savings over the next year; that in addition to continuing to grow topline sales in Fiscal 2023, the Company will be laser focused on providing a pathway to profitability and this will be driven by cost structure optimization, margin enhancement, and a much greater disciplined capital management approach; the statements relating to some ways in which the Company will create cost-saving benefits, including (i) adding strategic copacking partners to decrease freight costs and provide production capacity for growing sales needs, which includes a recent new addition in the Midwest and a northern California plant coming online in the next two months; (ii) increasing production capabilities and efficiencies within copackers and raw materials providers, by using state-of-the-art equipment and streamlining the production process where possible, to increase margins on finished products; (iii) eliminating redundancies and inefficiencies in third-party services and partnerships; (iv) evaluating the overall structure and productivity of the Company itself to ensure it is operating as efficiently as possible; and (v) initiating a more disciplined capital management approach; that the Company’s cost-saving initiatives will not negatively impact topline sales and the Company will continue to drive revenue, while simultaneously improving the bottom line and increasing shareholder value; that Columbia Distributing and Bill’s Distributing will support Alkaline88’s expansion by improving distribution and brand presence throughout their covered regions; that the consistent addition of new clients, the expansion of SKUs within existing clients, and organic growth driven by Alkaline88 drinkers give the Company continued confidence going forward in the Company’s topline growth in fiscal 2023; the Company’s belief that Alkaline88 is well positioned to continue to be a consistent leader in unit and dollar growth and brand expansion compared to other top-ten peers, even as the Company refocuses on becoming a profitable brand; that as the Company continues to strengthen its production and distribution networks and optimize its corporate structure, Alkaline88 will grow much more efficiently and these Company-wide improvements will bolster the strength of the brand, improve the bottom line, and enhance shareholder value; that the Company’s ability to operate as a going concern is dependent on obtaining adequate capital to fund operating losses until the Company becomes profitable; the statement relating to the cost-reduction strategy to proactively reduce the Company’s monthly burn rate; that the Company anticipates its burn rate to trend downward and, eventually, settle between 25 and 50% less than it is right now; that with the plan for the cost-reduction strategy, the Company’s cash on hand, plus anticipated warrant exercises and debt settlements, the Company’s line of credit, and the sales agreement with Roth Capital Partners, LLC, the Company plans to fund its current planned operations and capital needs; and that if the Company’s current plans change or are accelerated or the Company chooses to increase its production capacity, the Company may seek to sell additional equity or debt securities or obtain additional credit facilities, including seeking investments from strategic investors. The material assumptions supporting these forward-looking statements include, among others, that the Company’s cost-saving measures will be effective to reduce the Company’s annual expense and enhance the Company’s margin to the extent anticipated by the Company; that the Company’s burn rate to trend downward and, eventually, settle between 25 and 50% less than it is right now as a result of the Company’s proactive reduction in its monthly burn rate; that the demand for the Company’s products will continue to significantly grow; that the past production capacity of the Company’s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by national retailers carrying the Company’s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company’s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company’s products; and that the Company will be able to obtain additional capital to meet the Company’s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. In addition, the Company’s fiscal year 2023 revenue guidance is based on the Company’s expectation that the Company’s topline to be driven by the momentum the Company is carrying forward as one of the fastest-growing top-ten brands in one of the fastest growing beverage categories; the Company’s belief that the Company will continue to see continued organic growth within the Company’s existing retail clients and distribution expansion to new clients throughout the country; and the assumption that the Company will have another record quarter for the first quarter of fiscal year 2023. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products, including products containing hemp/CBD; the fact that consumers may not embrace and purchase any of the Company’s CBD-infused products; the fact that the Company may not be permitted by the FDA or other regulatory authority to market or sell any of its CBD-infused products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company’s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company’s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company’s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov, and on the SEDAR, available at www.sedar.com.
- 07/14/2022
|
What to Know About Buying Penny Stocks on July 12th
- Here's what you need to know about trading penny stocks on July 12th The post What to Know About Buying Penny Stocks on July 12th appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 07/12/2022
|
Alkaline Water's New CEO Lays Out Cost Cutting Plans
- Alkaline Water Company Inc (NASDAQ: WTER) has laid out a plan to reduce an estimated $4.5 million - $5 million in annual expenses. The proposal is part of an ongoing plan to put the company on a pathway to profitability.
- 07/07/2022
|
The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q3 2022 Results - Earnings Call Transcript
- The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q3 2022 Results - Earnings Call Transcript
- 02/14/2022
|
Alkaline Water Company Inc. (WTER) Reports Q3 Loss, Tops Revenue Estimates
- Alkaline Water Company Inc. (WTER) delivered earnings and revenue surprises of 22.22% and 0.73%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/14/2022
|
The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q2 2022 Results - Earnings Call Transcript
- The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q2 2022 Results - Earnings Call Transcript
- 11/09/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Expands Flagship Portfolio in Strong Sector
- NEW YORK, Oct. 15, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) announces the availability of a broadcast titled, “Within the Water Trend: Sales of Alkaline Water Sales Rising High.”
- 10/15/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Seeing Growth in Booming Industry
- NEW YORK, Oct. 13, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
- 10/13/2021
|
Alkaline Water Expects 50% Revenue Growth In Q2
- Alkaline Water Company Inc (NASDAQ: WTER) expects to report about $15 million in revenue in the second quarter of Fiscal Year 2022, representing about 50% year-on-year growth. Alkaline Water has reiterated the FY22 revenue outlook of $62 million.
- 10/12/2021
|
Alkaline Water To Launch In Sam's Clubs Beginning November
- Alkaline Water Company Inc's (NASDAQ: WTER) Alkaline88 1-liter 12 pack will be available this fall at Sam's Club, a division of Walmart Inc (NYSE: WMT). Sam's Club is a membership warehouse club with nearly 600 clubs and millions of members in the U.S. and Puerto Rico.
- 10/06/2021
|
7 Popular Penny Stocks That You Shouldn't Touch With a 10-Foot Pole
- Penny stocks can be risky investments. These seven popular penny stocks seem like particularly bad bets no matter how you look at it.
- 10/05/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Expands into High-Potential Channels, Categories
- NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) announces the availability of a broadcast titled, “Healthy Beverage Trend Sparks Growth, Fuels Potential in All Channels.”
- 10/04/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Leading the Healthy Beverage Charge
- NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
- 09/30/2021
|
Alkaline Water Eyes E-Commerce Expansion
- Alkaline Water Company Inc (NASDAQ: WTER) has entered into an agreement with an E-Commerce agency specializing in managing retailers' digital marketplaces. The partnership will be managed by Alkaline Water's new Director of E-Commerce, Chris Pitman.
- 09/16/2021
|
The Alkaline Water Company Enters New Era of E-Commerce Sales
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) (the “Company”), the country's largest independent alkaline water company and The Clean Beverage Company™, is pleased to announce that it has entered into an agreement with a turnkey E-Commerce agency which specializes in the management of Amazon, Walmart.com, and other major retailers' digital marketplaces. This new partnership will be managed by The Alkaline Water Company's new Director of E-Commerc
- 09/16/2021
|
7 Bargain Stocks to Buy Under $5 With the Right Catalysts
- The risk in these inexpensive bargain stocks is offset by their upside for investors looking for a little more spice in their portfolio. The post 7 Bargain Stocks to Buy Under $5 With the Right Catalysts appeared first on InvestorPlace.
- 08/25/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Inks New Distribution Agreement In Continued Growth, Success
- The company signed an agreement with Premier Distribution Services to distribute entire Alkaline88(R) bottled water line PDS network includes more than 800 gyms, sports nutrition stores, personal training studios, and smoothie bars
- 08/19/2021
|
The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q1 2022 Results - Earnings Call Transcript
- The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q1 2022 Results - Earnings Call Transcript
- 08/16/2021
|
Recap: Alkaline Water Co Q1 Earnings
- Shares of Alkaline Water Co (NASDAQ:WTER) fell 6.1% in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 60.00% over the past year to ($0.08), which missed the estimate of ($0.01).
- 08/16/2021
|
4 Hot Penny Stocks to Watch as August Turns Bullish
- Penny stocks are starting August Strong, here's 4 for your watchlist right now The post 4 Hot Penny Stocks to Watch as August Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 08/02/2021
|
The Alkaline Water Company Under The Spotlight
- The Alkaline Water Company Inc. (NASDAQ: WTER) produces, distributes, and markets flavored and non flavored bottled alkaline water in the United States. In addition, they sell hemp-derived CBD topical and ingestible products.
- 08/02/2021
|
WTER Stock Increases Over 3% Pre-Market: Why It Happened
- The stock price of Alkaline Water Company Inc (NASDAQ: WTER) increased by over 3% pre-market. This is why it happened.
- 08/02/2021
|
The Alkaline Water Company Inc.: Still Time To Jump In
- Alkaline Water Company reported its latest quarterly and fiscal year results highlighted by strong sales and positive guidance from management.
- 07/20/2021
|
The Alkaline Water Company Inc.'s (WTER) CEO Richard Wright on Q4 2021 Results - Earnings Call Transcript
- The Alkaline Water Company Inc.'s (WTER) CEO Richard Wright on Q4 2021 Results - Earnings Call Transcript
- 07/06/2021
|
The Alkaline Water Company Reports Record Revenue of $46(USD) Million for Fiscal Year 2021
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country's largest independent alkaline water company, today announced record results for the full fiscal year ending March 31, 2021 with revenue of $46 million. “Fiscal 2021 was another record year for The Alkaline Water Company continuing our streak of never having a down or a flat year,” said Richard A. Wright, President and CEO of The Alkaline Water Company. “Our employees and busi
- 07/02/2021
|
The Alkaline Water Company Postpones Fiscal Year 2021 Earnings Release and Conference Call
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), today announced that it is postponing its full year fiscal 2021 earnings results call as the 10-K has not been filed. Regulation FD prevents the Company from holding the call at this time.
- 07/02/2021
|
The Alkaline Water Company to Host Conference Call to Discuss Fiscal Fourth Quarter and Full Year 2021 Results
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) (the “Company”), the country's largest independent alkaline water company, is pleased to announce that President and CEO Richard Wright and Chief Financial Officer David Guarino will host a teleconference with investors and analysts to review fiscal fourth-quarter and full-year 2021 financial results and business outlook. The call will be held on Friday, July 2, 2021, at 8:30 AM Eastern Time. We will
- 06/30/2021
|
The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Largest Indie Player in Projected Billion-Dollar Water Market
- NEW YORK, May 28, 2021 (GLOBE NEWSWIRE) -- NetworkNewsAudio – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) announces the availability of a broadcast titled, “M&A Activity Picks Up in F&B Sectors, Including Functional Water Assets Space.”
- 05/28/2021
|
The Alkaline Water Co. Is Climbing The Ranks Of The Beverage Industry
- The following article is sponsored by The Alkaline Water Company. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.
- 03/26/2021
|
FDA: Did This Alkaline Water Brand Cause 5 Cases Of Liver Failure?
- Five infants and young children who consumed "Real Water" alkaline water ended up being hospitalized with acute non-viral hepatitis.
- 03/19/2021
|
The Alkaline Water Company to Participate in 33rd Annual ROTH Conference
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively, today announced it will participate at the 33rd Annual Virtual ROTH Conference, being held on March 15-17, 2021. Ricky Wright, Chief Executive Officer of The Alkaline Water Company, will be attending 1-on-1 meetings
- 03/15/2021
|
The Alkaline Water Company® Enters Into the Mexican Bottled Water Market
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that it has partnered with Tiendas Sindicales, a superstore grocery chain and food service and vending service provider in the Mexican free trade zone. Mexico has one of the largest con
- 03/03/2021
|
Yesway to Carry A88CBD™ Products in Convenience Stores Across Midwest
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that all Yesway/Allsup convenience stores will carry A88CBD™ ingestibles in retail locations across the Midwest. “We are excited to announce that our A88CBD lemon-lime flavored water a
- 02/25/2021
|
Alkaline88® Products to be Distributed by Hensley Beverage Company (DSD) Across Arizona
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water and flavor-infused waters products sold under the brand names Alkaline88® and A88 Infused™, respectively. Today, the Company announced that it is partnering with Hensley Beverage Company, a local Direct Store Delivery (DSD), to distribute its beverage brands across Arizona. “We are pleased to announce we have entered into an agreement with H
- 02/23/2021
|
The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q3 2021 Results - Earnings Call Transcript
- The Alkaline Water Company Inc. (WTER) CEO Ricky Wright on Q3 2021 Results - Earnings Call Transcript
- 02/16/2021
|
The Alkaline Water Company Reports Record Fiscal Third Quarter Revenue of $10.2 Million
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of bottled alkaline drinking water, flavor-infused waters, and CBD infused products sold under the brand name Alkaline88®, A88™, and A88CBD™, respectively. Today, the Company announces that revenue increased $1.7 million year-over-year to $10.2 million for the fiscal third quarter ended December 31, 2020. Key Highlights: Fiscal 2021 third-quarter record revenue of $10.2 milli
- 02/16/2021
|
The Alkaline Water Company to Host Conference Call to Discuss Fiscal Third Quarter 2021 Results
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88™, and A88CBD™, respectively. Today the Company announces that President and CEO Richard Wright and Chief Financial Officer David Guarino will host a teleconference with investors and analysts to review fiscal third-quarter 2021 financial results. The
- 02/10/2021
|
Alkaline88® Partners with C.A. E-Comm to Capture E-Retailer Growth
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that it has appointed C.A. Fortune E-Comm to represent its entire non-CBD beverage line of Alkaline88® products across various e-commerce platforms of major retailers and wholesalers st
- 01/20/2021
|
7 Penny Stocks With Further to Fall
- Value stocks are surging lately. That's caused many penny stocks to roar back to life.
- 12/17/2020
|
Sprouts to Carry Alkaline88® Eco-Friendly Aluminum Bottles Nationwide
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that its refillable, resealable, and 100% recyclable aluminum bottles are now available nationwide in all Sprouts Farmers Market locations. “We are thrilled to announce that our in-dema
- 12/16/2020
|
Cannabis Industry Primed for Leaders to Offer Comprehensive Line of Products
- NEW YORK, Dec. 11, 2020 (GLOBE NEWSWIRE) -- NetworkNewsAudio – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) announces the availability of a broadcast titled, “National Brands Vie for CBD Dominance.”
- 12/11/2020
|
Growing Acceptance of Cannabis Sparks Explosion of CBD-Infused Offerings
- NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) -- via InvestorWire — The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands in the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.
- 12/09/2020
|
A88CBD™ Now Offered by KeHE
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces an expanded partnership with KeHE, which now includes the A88CBD™ topical products, A88 Infused™ flavors, and the entire Alkaline88® line, including eco-friendly aluminum bottles. “KeHE
- 12/02/2020
|
Should I Buy The Alkaline Water Company Inc. (WTER)?
- In this article we will take a look at whether hedge funds think The Alkaline Water Company Inc. (NASDAQ:WTER) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.
- 11/27/2020
|
The Alkaline Water Company Inc. (WTER) CEO Richard Wright on Q2 2021 Results - Earnings Call Transcript
- The Alkaline Water Company Inc. (WTER) CEO Richard Wright on Q2 2021 Results - Earnings Call Transcript
- 11/16/2020
|
The Alkaline Water Company to Host Conference Call to Discuss Fiscal Second Quarter 2021 Results
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88™, and A88CBD™, respectively. Today the Company announces that President and CEO Richard Wright and Chief Financial Officer David Guarino will host a teleconference with investors and analysts to review fiscal second-quarter 2021 financial results. Th
- 11/12/2020
|
A88CBD™ Drops New Powder Packs on A88CBD.com
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that its lifestyle brand A88CBD™ will introduce new powder packs in four exciting flavors available by the end of November. “We are thrilled to announce another exciting and innovative
- 11/10/2020
|
Alkaline88® #1 Item by Cases Sold at The KeHE National Winter Show
- SCOTTSDALE, Ariz.--(BUSINESS WIRE)---- $WTER #A88CBD--The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that its flagship brand, Alkaline88®, achieved #1 item by cases sold at the KeHE Virtual Winter Show held on October 5 – 12, 2020. “This is the second major KeHE event this year where o
- 11/04/2020
|
A88CBD™ Adds CBD Distributor BettermentRS
- - BettermentRS sells into large national accounts, including 7-Eleven and YesWay. - BettermentRS sells into large national accounts, including 7-Eleven and YesWay.
- 10/29/2020
|
