The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline water, flavored-infused waters and CBD infused products, on Wednesday announced fiscal fourth quarter financial results. According to the update and unaudited fiscal Q4 highlights, the Company achieved revenue of approximately $12.0 million, which is up 51% over the prior year and represents revenue growth of 42% over fiscal Q3. “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,” Alkaline Water’s CEO and President Richard A. Wright stated in the news release. “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(R) 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(R) 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.”
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About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) 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 our 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 A88CBD Infused(TM) brand, featuring a broad line of topical and ingestible products. These products are made with lab-tested full-spectrum hemp and include salves, balms, lotions, essential oils, bath-salts, CBD infused drinks, beverage shots, tinctures, capsules, gummies, and powder packs. To purchase A88CBD Infused(TM) products online, visit www.A88CBD.com. To learn more about The Alkaline Water Company, please visit www.TheAlkalineWaterCo.com.
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