secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001062993-22-022069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322022069/0001062993-22-022069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299322022069/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-22-022069

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