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The Alkaline Water Company Inc. (WTER)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- The Alkaline Water Company Inc. (WTER) (the “Company”) is a producer of bottled alkaline drinking water, flavor-infused waters, and CBD infused products sold under the brand name Alkaline88®, A88™, and A88CBD™, respectively. Today, the Company announces revenue of $10.8 million for the fiscal second quarter ended September 30, 2020.
• Fiscal 2021 first-half revenue of $25 million increased 21% over the same period last year.
• Fiscal Q2 earnings per share of ($0.06) improved by 14.3% compared to the prior-year quarter, of which ($0.03) was related to non-cash expenses.
• For fiscal 2021, the Company is now providing revenue guidance in the range of $48 million to $52 million, representing full-year growth of 17% to 27%.
• Introduced five category-leading items for the A88CBD™ portfolio of ingestible and topical products.
• Purchase orders for the quarter were the second-highest in the Company’s history, excluding our COVID period from last spring.
A quick summary from yesterday's soft earnings: "Our quarterly growth was impacted as various distributors reduced deliveries and cleared excess inventory built in the prior quarter." "We...consider this quarter’s performance to be an outlier." "Our fiscal third quarter is off to a strong start, and we are seeing a record month of sales for October."
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 19, 2020-- The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”) is a producer of premium bottled alkaline water, flavor-infused waters, and CBD-infused products sold under the brand names Alkaline88®, A88 Infused™, and A88CBD™, respectively. Today, the Company announces that it has added a new foodservice broker, IBA Foodservice, to present the A88 family of beverage products to the entire hospitality channel.
Thank you Joel for warning us. Just be glad you sold. The rest of us will hold on for a while longer.
Their products are excellent. That is most important in building a business.
WTER will issue a press release outlining their financial results and outlook after the market close on Monday, November 16. All I gotta say is it better be fantastic, or it's likely a good deal of people will bail on this company. There's only so much patience investors have. Burning cash endlessly and praying for a buyout is not prudent business plan.
Zacks out with a non-paid article. Wter responded accordingly with price increase.
Watch that water start to flow!
Target $ 2.50
Still a good long but ouch this hurts... The CBD market will truly be the make/break for them though.
We have :
Record available outlets
Record Number of CBD
Get out there and buy some CBD gummies and
A bottle of Alkaline88 to wash it down
Tell all your friends too
These drops and powder packs could be a big seller. A cheaper intro to the products.
Patience will pay !!!
Good news from ‘The Street’ stating we are worth $4 or $5 a share in the next year or so. May add more as a gamble!
For those who think this was a good qtr report, need to go back to accounting 101. net loss larger, expenses larger, gross margins declined but hey we've got thousands of retail folks who are "interested". i'll take my loss and move on. good luck to you guys.
Curve is looking good!
Keep in mind, this company CBD water business could be off the charts. they need to start showing profits "now" instead of waiting.
I'm not too intrigued with the stock price today. What happened? Something is wrong here!
Their on line presence is a little hidden. I also found purchasing Alkaline88 and CBD products in the same cart confusing. I needed to sign back up to get the 20% and had to perform 2 separate orders.
Also haven’t seen any in store advertisement, signage or coupons. That must be a pretty Big expense that they can’t afford.
I see the wall st. sharks ran this up the last few minutes to give the retail folks a "false" sense of a good report. only to dump in after hours. what a sham the otc market is.
Great time to buy in low
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