Alkaline Water Co reports FY2022 revenue $60.6M (+32% YoY); guides FY2023 $70M

ALKALINE WATER Co INC

2023-Q1 EPS reported -$0.06 revenue$16,894,403

Record revenue of $60.6M, up 32% YoY; net loss $39.4M, EPS ($0.40).
Issues FY2023 revenue guidance of $70M, citing early Q1 as another record quarter.
Targets $4.5-$5M in annual cost savings; $2M implemented in first 40 days of new CEO.
Fourth quarter expanded into ~1,200 new stores (Stop & Shop, Meijer Express, etc.).
Extended credit facility to $10M; raised additional capital via warrant exercises.

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