secwatch.observer — SEC 8-K summary
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Issuer:     ALKALINE WATER Co INC (WTER)
CIK:        0001532390
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001062993-23-005135
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkaline Water Q3 revenue record $15.9M (+21% YoY); CEO changed to Frank Chessman after Lazaran medical leave
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- Revenue $15.9M (+21% YoY); gross margin 24.7% (up 300 bps sequentially).
- Operating loss ($3.6M), improvement >67% YoY; net loss ($0.03) per share vs ($0.10).
- Total operating expenses reduced 46% to $7.5M; cash $2.2M.
- CEO Frank Lazaran stepped down due to medical concerns; Frank Chessman appointed CEO/President.
- Nasdaq late-filing notice received Feb 22, remedied by filing 10-Q on Feb 28.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323005135/0001062993-23-005135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532390/000106299323005135/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-23-005135

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