The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, is reporting expected record revenue for the first quarter of 2023; the company anticipates revenue ranging from $16.4 million to $16.6 million for the quarter. Those projected numbers represent double-digit, year-over-year growth and are in line with the company’s full-fiscal-year guidance of $70 million. According to the company, these preliminary results, which are based on the information currently available, are subject to change, and there is a possibility that the company’s actual results may differ from these preliminary estimates. These estimated results come from preliminary internal financial records and are subject to revisions based on WTER’s procedures and controls associated with the completion of the company’s financial reporting. “Even as The Alkaline Water Company focuses on a pathway to profitability, we anticipate Q1 to be our best sales quarter ever,” said The Alkaline Water Company president and CEO Frank Lazaran in the press release. “We are not sacrificing topline growth as we work to enhance shareholder value by improving our bottom line. A record first quarter sets us firmly on track to deliver on our revenue guidance of $70 million this fiscal year. . . . As economic headwinds persist and companies across various industries temper their expectations for this coming year, we are confident in our ability to continue to deliver strong year-over-year comps in fiscal 2023 because Alkaline88’s products, production, and distribution are stronger than ever.”
To view the full press release, visit https://ibn.fm/2Cjiq
About The Alkaline Water Company
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 ecofriendly aluminum packaging options. With its innovative, state-of-the-art, proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts the company’s trademarked Clean Beverage label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and as a celebrity brand ambassador for the Alkaline88. To learn more about the company, please visit www.Alkaline88.com and 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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