Alkaline Water Company reports record Q1 revenue $16.9M (+20% YoY); operating expenses down 19%

ALKALINE WATER Co INC

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

Record revenue of $16.9M, +20% YoY from $14.1M; net loss per share ($0.06) improved from ($0.08).
Gross profit $3.5M; total operating expenses $9.8M, down 19% YoY; operating loss $6.3M (~14% improvement).
Cash position approximately $3M as of June 30, 2022.
Launched Pathway to Profitability targeting ~$15M annual savings via packaging, production, pricing, and shipping changes.
Added over 8,400 new stores; launched 1-gallon 4-pack at 590 Sam's Clubs; new DSD partnership with Heidelberg.

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