The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER)
, a producer of premium bottled alkaline water, flavor-infused waters and CBD-infused products, announced that revenue for Q3 2021 reached $10.2 million an increase of $1.7 million year over year and a record for the company. The company also noted that earnings per share for Q3 2021, the period ending Dec. 31, 2020, were up 14.3% compared to the previous year and that the company’s Direct Store Delivery (“DSD”) had reached more than 10,000 customers, with its A888CBD(TM) line seeing its national distribution network increasing with KeHE, UNFI, BettermentRS and broker C.A. Fortune. The company also announced that it held a live call to discuss Q3 2021 earnings on Feb. 16, 2021. “We are proud to announce that we delivered record fiscal third quarter revenue of $10.2 million,” said The Alkaline Water Company president and CEO Ricky Wright in the press release. “Our E-Commerce, A88CBD, single-serve offerings, eco-friendly aluminum bottles, and flavor-infused waters all contributed toward the record. Each business line continues to grow, and we expect a significant contribution from them over the next 12 months. We are excited that the momentum we gained over the summer in our flagship brand Alkaline88 continues. Based on 13 week Nielsen scanner data ending 12/26/20, we continue to be the fastest-growing top 10 value-added water in the country. We outperform the category volume growth by almost 2 times and the unit growth by over 5 times. We are now the eighthlargest vendor in the category. We see continued strength in the 1/23/21 Nielsen scanner data as well.”
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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 eco-friendly 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 its trademarked label Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88(R) launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in seven unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company, please visit www.A88CBD.com
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