---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-22-022069"
form_type: "8-K"
ticker: "WTER"
cik: "0001532390"
company_name: "ALKALINE WATER Co INC"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T20:03:06.730237+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alkaline Water Co reports record Q2 revenue $19.6M (+28.3% YoY); operating loss narrows 50%

## Summary
- Record Q2 FY2023 revenue $19.6M, up 28.3% YoY from $15.3M; gross profit $4.6M (23.7% of revenue).
- Net loss ($8.4M) improved $2M YoY; diluted EPS ($0.06) vs ($0.11) prior year.
- Total operating expenses $9.7M, down 37% YoY; operating loss ($5.1M), a 50% improvement.
- Identified $5M additional cost savings; total projected savings ~$20M for FY2023-2024 vs FY2022.
- Reaffirmed FY2023 revenue guidance of $70M; term sheets for $6-7M nondilutive financing expected to close by year end.

## SEC filing metadata
- accession: 0001062993-22-022069
- form_type: 8-K
- ticker: WTER
- cik: 0001532390
- company_name: ALKALINE WATER Co INC
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532390/000106299322022069/0001062993-22-022069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532390/000106299322022069/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-22-022069
- JSON: https://secwatch.observer/filing/0001062993-22-022069.json
- Plain text: https://secwatch.observer/filing/0001062993-22-022069.txt

## Key facts
- Earnings Releases
  ALKALINE WATER Co INC reported Second Quarter Fiscal 2023 results: revenue $19.6 million, net income ($8.4 Million), EPS ($0.06). Guidance reaffirmed.
  - Period: Second Quarter Fiscal 2023
  - Revenue: $19.6 million
  - Net income: ($8.4 Million)
  - EPS: ($0.06)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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 Q1 Fiscal 2022 Cash Position on September 30, 2022 was approximately $2.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532390/000106299322022069/0001062993-22-022069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.