Alkaline Water reports preliminary record Q2 revenue of ~$19.6M, up 28% YoY

ALKALINE WATER Co INC

2023-Q2 EPS reported -$0.12 revenue$36,469,356

Preliminary Q2 FY2023 revenue expected to be approximately $19.6M, a 28% YoY increase.
Nielsen data shows Alkaline88 retail dollar volume grew 36.6% YoY in trailing 52 weeks.
Company plans to release full Q2 results on November 14, 2022 after market close.
Value-Added Water category grew over 2.5x slower than Alkaline88's rate.
Management cites pathway to profitability strategy for operational efficiency.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ALKALINE WATER Co INC reported second quarter of fiscal year 2023 results: revenue approximately $19.6 million.

Period: second quarter of fiscal year 2023
Revenue: approximately $19.6 million
Result: preliminary results

Exact text from the filing

SCOTTSDALE, Arizona, (11/10/2022)- 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 announced it expects to report record revenue of approximately $19.6 million for the second quarter of fiscal year 2023, representing year-over-year growth of 28%.

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Source: SEC EDGAR

accession 0001062993-22-021805

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