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The Alkaline Water Company Inc. (symbol: WTER) is a leading producer, distributor, and marketer of bottled alkaline water in the United States. Founded in 2012 and headquartered in Scottsdale, Arizona, the company has established itself as a prominent player in the beverage industry. The company's flagship product is bottled alkaline water, which is sold under the brand name Alkaline88. This product is available in various volumes and is known for its premium quality and health benefits.
In addition to plain alkaline water, the company also offers a range of flavored bottled alkaline water options. These flavors include raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint. This diversification in product offerings allows The Alkaline Water Company to cater to a wide range of consumer tastes and preferences.
Besides its core water products, the company has ventured into the wellness market with its A88CBD brand. Under this brand, The Alkaline Water Company sells hemp-derived CBD topical and ingestible products. These products are designed to provide wellness benefits and are available through various retail channels.
The Alkaline Water Company employs a robust distribution strategy, selling its products through brokers and distributors to a variety of retail outlets. These outlets include convenience stores, natural food products stores, large ethnic markets, and national retailers. The company also leverages e-commerce platforms to reach a broader audience.
Over the years, The Alkaline Water Company has achieved significant milestones. It continues to innovate and expand its product line, keeping up with consumer demand for healthier beverage options. The company's focus on quality and customer satisfaction has earned it a loyal customer base.
Overall, The Alkaline Water Company Inc. stands out for its commitment to providing high-quality, health-focused beverage products. Its diverse product range, strategic distribution channels, and continuous innovation make it a significant player in the industry.
The Alkaline Water Company (NASDAQ: WTER) reported record revenue of $14.2 million for Q1 fiscal 2021, a 40% year-over-year increase. EPS improved to ($0.05), a 57.3% enhancement compared to Q1 2020. Operational expenses decreased 5% year-over-year, while gross profit rose by 41.8% to $5.8 million. The company's flagship brand, Alkaline88, maintains a strong sales presence in 70,000 U.S. stores. Additionally, the A88CBD line is expanding, with new retail locations and an effective e-commerce platform. The company expects continued growth throughout fiscal 2021.
The Alkaline Water Company (NASDAQ: WTER) is excited to announce a partnership with Mahaska, a prominent Direct-Store-Delivery provider serving over 5,000 clients across the Midwest. This collaboration enables the distribution of Alkaline88® and A88™ flavor-infused water to key markets. Mahaska's extensive network could enhance the Company's growth in the hospitality sector. Alkaline88®, recognized for its superior taste and eco-friendly initiatives, aims to expand its footprint in retail channels, aligning with the increasing consumer demand for healthy beverage options.
The Alkaline Water Company Inc. (NASDAQ: WTER) plans to host a teleconference on August 13, 2020, at 5:00 PM ET to discuss its fiscal first-quarter 2021 financial results. This session will be led by President and CEO Richard Wright and CFO David Guarino, following a press release detailing the financial outcomes and outlook, which will be available after market close. The Company, known for its premium alkaline and CBD-infused products, emphasizes a commitment to quality with its flagship brand Alkaline88® and innovative flavors under A88 Infused™.
The Alkaline Water Company Inc. (WTER) announced a partnership with Elevated Wellness to launch A88CBD™ products in their retail locations and e-commerce. A88CBD™ will provide a range of CBD topicals and ingestibles, enhancing brand visibility through co-branding initiatives. Elevated Wellness specializes in U.S.-grown, gluten-free, and vegan products, aligning with A88CBD™'s commitment to quality and natural ingredients. Following the Austin store launch, the partnership will extend to Houston, emphasizing the company's growth trajectory in the wellness sector.
The Alkaline Water Company (NASDAQ: WTER) announced a significant partnership with CBD Emporium, marking the largest order for its A88CBD™ product line to date. A88CBD™, which includes topical and ingestible hemp-derived products, will be available in 17 retail locations and online at CBD Emporium. This collaboration aims to enhance the national presence of A88CBD™ and involves co-branded marketing efforts. As CBD Emporium expands its retail footprint across the U.S., the partnership is expected to meet the growing demand for high-quality CBD products.
The Alkaline Water Company (NASDAQ: WTER) announced participation in the virtual ECRM Beverage Program on July 29-30, showcasing its premium alkaline and flavored waters, and CBD products. With over 36 one-on-one meetings scheduled with various retail chains, the company aims to strengthen its market presence. Frank Chessman, Executive Director of National Sales, emphasized their successful engagement with key decision-makers, enhancing productivity and collaboration within the beverage sector. Alkaline88® continues to grow as a lifestyle brand, offering innovative products designed to meet consumer demand.
The Alkaline Water Company (WTER) reported a record fiscal year revenue of $41.1 million, marking a 28% year-over-year increase, and a 51% growth in Q4 revenue to approximately $12.1 million. The company's gross profit for the year rose to $16.8 million, a 30.1% increase, but net losses widened to $14.8 million. Operational highlights include adding 15,000 retail locations, launching new product lines, and enhancing e-commerce capabilities. Despite positive momentum, the company refrained from providing FY2021 guidance due to COVID-19 uncertainties.
The Alkaline Water Company (WTER) announced a partnership between its CBD brand, A88CBD™, and consumer brands agency C.A. Fortune. This collaboration aims to expand A88CBD™'s retail presence and enhance its positioning in the health and beauty care categories. Richard Wright, the company president, emphasized the importance of C.A. Fortune's expertise in the organic space and its existing relationship with the core brand, Alkaline88®. The partnership is expected to create new retail opportunities for A88CBD™ nationally.
The Alkaline Water Company (WTER) announced that its A88CBD™ line of CBD topical and ingestible products will be available on Direct CBD Online, a prominent CBD retailer. This partnership aims to expand A88CBD™'s digital presence and consumer reach. A88CBD™ products are made from high-quality hemp with thorough testing and certification processes. The partnership aligns with Direct CBD Online’s reputation and aims to meet their customer standards. A88CBD™ will benefit from Direct CBD Online's extensive marketplace, further facilitating brand growth and exposure.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced a teleconference scheduled for July 23, 2020, at 5:00 PM ET, where President and CEO Richard Wright and CFO David Guarino will discuss the company's fiscal fourth-quarter and full-year 2020 financial results along with the business outlook. A press release summarizing these results will be issued after market close on the same date and posted on their website. This follows the company's growth in the alkaline water sector, producing popular brands such as Alkaline88® and A88™.
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