The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline water, flavored-infused waters, and CBD infused products sold under the brand names Alkaline88(R), A88 Infused(TM), and A88CBD(TM), respectively, on Thursday reported its fourth-quarter and full-year financial results for fiscal 2020. Among other highlights, the company reported record revenue of approximately $12.1 million for the fourth quarter, representing year-over-year growth of 28%. The company also exceeded expectations by achieving record fiscal year revenue of $41.1 million, representing year-over-year growth of 51%. “During the year, our teams expanded our national footprint, added new trades, accelerated our c-store penetration, launched a new line of in-demand CBD products, established a direct to consumer e-commerce presence, and made good progress on our flavors and eco-friendly offerings,” The Alkaline Water Company president and CEO Richard A Wright stated in the news release. “Our growing brands, Alkaline88(R), A88 Infused(TM), and A88CBD(TM), are resonating with the health and wellness-focused consumers. More households have tasted our water over the past three months than at any time in the company’s history. We see solid demand from new and existing retailers who are increasing shelf space for all-natural products. Also, our entrance into the much larger hospitality space and our recently launched e-commerce site, Alkaline88.com, will provide new growth catalysts in the coming year. While we are not providing full-year guidance due to COVID related macro uncertainties, we expect our growing brands to outperform their respective segment growth. In particular, our major growth catalysts will include our single-serve sizes, flavor-infused waters, and eco-friendly aluminum bottle. In addition, there is a pent up demand for our proprietary CBD products that will see accelerated growth in the third and fourth quarter of fiscal 2021. Our experienced team of professionals and our efficient variable cost business model ensures that we will be able to execute on all of our current business objectives.”
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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® launched A88 infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in six unique all-natural flavors, with new flavors coming soon. Additionally, in 2020, the company launched A88CBD(TM) brand, featuring a broad line of topical and ingestible products. These products are made with lab-tested full and broad-spectrum hemp and include salves, balms, lotions, essential oils, bath-salts, CBD infused drinks, tinctures, capsules, gummies, and powder packs. To purchase A88CBD Infused(TM) products online, visit www.A88CBD.com. For more information about the company, visit www.TheAlkalineWaterco.com.
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