Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

TICKERS: WTER

Alkaline, Flavored and CBD Infused Bottled Water Maker Posts Record Growth in Q4/20

Share on Stocktwits

Source:

The Alkaline Water Co. shares traded 20% higher after the company reported that it posted a 51% growth in year-over-year revenue in Q4/20.

Alkaline Water Company Inc. (WTER:NASDAQ; WTER:CSE), which makes premium bottled alkaline water, flavored-infused waters, and CBD infused products that are sold under the brand names Alkaline88®, A88 Infused™ and A88CBD™, today announced some financial highlights for Q4/20.

The company reported that in Q4/20 it posted unaudited revenue of approximately $12.0 million, which was 51% higher than Q4/19 and 42% higher than Q3/20.

The company's President and CEO Richard A. Wright commented, "This quarter's results are a great way for our company to end our fiscal year. We now have tremendous momentum going into fiscal 2021. We expect our first quarter ending June 30, 2020, to set another revenue record. The current pandemic acted as a catalyst for some of the current quarter's growth, but also set the stage for significant future growth. During the pandemic, Alkaline88® was able to meet our retailer's demands. We believe that up to 30% more households tried our water during our fiscal Q4. This is highlighted by the recent Nielson report, where Alkaline88® was ranked as the 10th best selling value-added water, and the third fastest-growing top ten value-added water in the country during the 13 weeks ending May 16, 2020."

Wright added, "We are also very excited about the momentum we have built with new retailers and new product lines. We recently announced over 15,000 new retail locations, to bring our total to over 70,000 retail stores in all 50 states. Our sales team continues to focus on not only our Alkaline88® brand, but also our flavor-infused beverage line, our eco-friendly aluminum bottle, and the recently launched A88CBD™ line of topicals and ingestibles. There are several other catalysts for growth this coming year, which will include hospitality space and expansion of our e-commerce presence to meet new consumer buying habits. As we look to the future, we believe that we are building a strong national lifestyle brand and that our eco-friendly aluminum bottles, flavored infused waters, and CBD products will all contribute significantly to our fiscal year 2021's success."

The company noted that in Q4/20 it added over 15,000 retail locations for flagship products across retail channels including specialty discount, drug, grocery and convenience stores. The firm touched on several other Q4/20 operating highlights some of which included that it launched the A88CBD Ingestibles products line, expanded retail channels for its A88CD Topical products and it delivered 300,000 aluminum bottles of Alkaline88® in 500-ml sustainable single-serve packaging to the California and Texas markets.

The company advised that due to the impact of COVID-19 and imposed travel restrictions it intends to issue a press release and file a Form 8-K with the SEC on or before June 29, 2020, and at that time will provide the estimated date by which the company's Form 10-K is expected to be filed.

The Alkaline Water Company is based in Scottsdale, Ariz., and was founded in 2012.

Alkaline Water Co. has a market capitalization of around $79.9 million with approximately 59.61 million shares outstanding. WTER shares opened higher today at $1.71 (+$0.37, +27.61%) over yesterday's $1.34 closing price. The stock has traded today between $1.48 and $1.80 per share and is currently trading at $1.62 (+$0.28, +20.90%).

[NLINSERT]

Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.
6) This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.





Want to read more about Special Situations investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe