The Alkaline Water Company (NASDAQ: WTER), the country’s leading independent alkaline water company, has announced its results for the quarter ended June 30, 2023. Among the highlights, the company reported a net loss of $2,840,938, a 62% year-over-year improvement. “During the first quarter of our fiscal year 2024, we continued to show strong improvement in our operating results as we execute our previously detailed pathway to profitability,” said Frank Chessman, president and CEO of The Alkaline Water Company. “This achievement, highlighted by our 733 basis point improvement in gross profit margin, reflects the strength of the Alkaline88(R) brand, the hard work of our team and the loyalty of our customers. I am also pleased to report that the company is now current with all of its filing requirements with the SEC, and certain internal improvements have been implemented to ensure timely filings going forward.”
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About The Alkaline Water Company
The Alkaline Water Company is the Clean Beverage(R) company making a difference in the water you drink and the world we share. Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88 delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. To purchase The Alkaline Water Company’s products online, visit www.Alkaline88.com. To learn more about the company, visit www.TheAlkalineWaterCo.com.
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://ibn.fm/WTER
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