The Alkaline Water Company Inc. produces, distributes, and markets bottled alkaline water in the United States. It also provides flavored bottled alkaline water in various flavors, including raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint. The company offers bottled alkaline water in various volumes under the Alkaline88 brand. In addition, it engages in selling of hemp-derived CBD topical and ingestible products under the A88CBD brand. It sells its products through brokers and distributors to retailers, such as convenience stores, natural food products stores, large ethnic markets, and national retailers, as well as e-commerce websites. The company was founded in 2012 and is based in Scottsdale, Arizona.
IPO Year:
Exchange: NASDAQ
Website: thealkalinewaterco.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/7/2021 | $1.25 → $0.90 | Hold → Sell | Canaccord Genuity |
Canaccord Genuity downgraded Alkaline Water Co from Hold to Sell and set a new price target of $0.90 from $1.25 previously
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Mr. DaVella Brings Decades of Financial and Leadership Experience to Serve on The Board's Audit and Compensation Committees The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, is pleased to announce the appointment of Ronald "Ron" DaVella as an independent director to its Board of Directors, effective March 17, 2023. Mr. DaVella will serve on the compensation committee and serve as Chairman of the audit committee. Mr. DaVella is a seasoned financial expert and director, with extensive experience serving on various boards and offering financial advisory services to a wide range of industries.
Frank Lazaran Steps Down as CEO and President Due to Medical Concerns, Remains on Board of Directors Director of Sales and Operations, Frank Chessman, Appointed CEO and President The Alkaline Water Company Inc. (CSE:WTER), the largest independent alkaline water company in the country and the Clean BeverageTM company, announced that, due to unforeseen medical concerns, Frank Lazaran has stepped down from his positions as CEO and President of the company effective February 20, 2023. Frank Chessman, formerly the Company's Director of Sales and Operations, has been appointed as the new CEO and President. Frank Lazaran will continue to serve on the Board of Directors. "We wish Frank Lazaran a
Mr. Rauch Brings Decades of Experience as a Business and Franchise Attorney and Company Executive The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, is pleased to announce the appointment of attorney David Rauch to its board of directors, effective November 16, 2022. Mr. Rauch will serve on the Company's audit and compensation committees providing expertise drawn from his decades of practicing law as a business and franchise attorney and serving in executive roles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221116006062/en/Davi
The Alkaline Water Company Inc. (CSE:WTER) (the "Company") today announced that Frank Lazaran, a current director of the Company and a 40-year veteran of the retail food industry, has been appointed as the Chief Executive Officer of the Company. Mr. Lazaran was most recently the Chairman, Chief Executive Officer and President of Marsh Supermarkets and, prior to Marsh served as the Chief Executive Officer, President and Director of Winn-Dixie Stores, which was a publicly traded company and one of the largest supermarket chains in the Southeast. Mr. Lazaran has a proven track for delivering operational excellence with extensive leadership experience in scaling organizations in the retail sec
Grocery Retail and CPG Industry Veteran Will Drive Shaquille O'Neal Marketing Collaboration The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company, is pleased to announce that Tom Hutchison has joined the Company as Chief Marketing Officer (CMO). Tom will be leading the Company in developing and implementing marketing strategies, including exciting new marketing campaigns and product collaborations with Shaquille O'Neal. Alkaline88® is pleased to welcome Tom to the leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210730005050/en/Alkaline88's new 2-Liter
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The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced that it received a deficiency letter (the "Letter") on November 21, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"), notifying the Company that since the Company had not yet filed its Form 10-Q for the period ended September 30, 2023 (the "Form 10-Q"), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing.The Letter stated that this matter serves as an additional basis
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The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. The Alkaline Water Company Inc. (NASDAQ:WTER) On Oct. 9, Alkaline Water Company received deficiency letter from Listing Qualifications Department of Nas
SCOTTSDALE, Ariz., Oct. 29, 2024 /PRNewswire/ -- The Alkaline Water Company, Inc. (OTC: WTER), a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, will be filing its Form 211 application with FINRA with an appropriate market maker (who will make in initial review under SEC Rule 15c211) to become eligible for proprietary broker-dealer quotations, publish competing quotes, and more importantly, provide continuous market making. At the current time, the Company is Pink Sheet Current, but all quotes solely reflect unsolicited customer orders. Being limited solely to unsolicited quotes causes a higher risk of wider spreads, increased volati
SCOTTSDALE, Ariz., Oct. 25, 2024 /PRNewswire/ -- The Alkaline Water Company, Inc. (OTC:WTER), a leader in the beverage industry known for its purified alkaline water, enhanced with Himalayan rock salt, will be filing its Form 211 application with FINRA with an appropriate market maker (who will make in initial review under SEC Rule 15c211) to become eligible for proprietary broker-dealer quotations, publish competing quotes, and more importantly, provide continuous market making. At the current time, the Company is Pink Sheet Current, but all quotes solely reflect unsolicited customer orders. Being limited solely to unsolicited quotes causes a higher risk of wider spreads, increased volatil
The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced that it received a deficiency letter (the "Letter") on November 21, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"), notifying the Company that since the Company had not yet filed its Form 10-Q for the period ended September 30, 2023 (the "Form 10-Q"), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing. The Letter stated that this matter serves as an additional ba
Company Now Current with All SEC filings (All dollar amounts in this release are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent Alkaline water company, today announced it has received formal notification from The Nasdaq Stock Market that it is now in compliance with the Nasdaq's periodic filing requirements. Previous deficiency notifications received from The Nasdaq Stock Market on July 18 and August 23, 2023, and subsequently disclosed by the Company, have been fully remedied by the Company. "I am pleased the Company has remedied its filing deficiencies. Going forward, it is imperative that the Company t
Net Loss Per Share Improves by 71% Year-Over-Year Company Now Current with All SEC filings (All dollar amounts in this release are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent Alkaline water company, today announced its results for the quarter ended June 30, 2023 that continue to show the execution of its pathway to profitability. The Company reported a net loss of ($2,840,938), a 62% improvement year-over-year with net loss per share improving by 71% year-over-year. The corresponding Form 10-Q will be filed with the SEC on or before September 25, 2023, and can be accessed on the investor relations sect
The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced that it received a deficiency letter (the "Letter") on August 23, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"). The Letter notified the Company that since the Company had not yet filed its Form 10-Q for the period ended June 30, 2023 (the "Form 10-Q"), and because the Company did not timely file its Form 10-K for the fiscal year ended March 31, 2023 (the "Initial Delinquent Filing"), the Company does not comply with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the
Operational Efficiency Improves: Operating Expenses as a Percentage of Revenue Plunge by 35 Percentage Points to 53% Net Loss Improves by 31% Year-Over-Year (All dollar amounts in this release are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent Alkaline water company, today announced record-breaking financial results for the fiscal year ending March 31, 2023. The Company reported historic high revenues of $63.8 Million, representing year-over-year growth of 16%. The Company also highlighted substantial progress on its Pathway to Profitability. The corresponding Form 10-K will be filed with the SEC on Augus
A1 Beverages Will Produce Alkaline88® Products to Support the Brand's Growth in the Northeast The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced it has further expanded its production capacity through a new co-packing partner in New York. A1 Beverages (OTC:AWON), which owns and operates the bottling and labeling facility in the town of Halcott, recently completed a new packaging and bottling production line and has plans to further expand capacity in 2024. The partnership is important to The Alkaline Water Company for both the continued growth of the Alkaline88® brand in
The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced that it received a deficiency letter (the "Letter") on July 18, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market (the "Nasdaq"). The Letter notified the Company that since the Company had not yet filed its Form 10-K for the year ended March 31, 2023 (the "Form 10-K"), it no longer complies with the Nasdaq's Listing Rule 5250(c)(1) (the "Rule") relating to the Company's obligation to file periodic financial reports for continued listing. The Letter further stated that the Company has 60 calendar days
The Alkaline88 750ml Aluminum, Originally Launched in the Sprouts Water Aisle Earlier this Year, and the Alkaline88 1.5 Liter Are Now Available in the Chain's Grab-and-Go Section The Alkaline Water Company Inc. (NASDAQ:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced the expansion of their Alkaline88® 1.5 Liter and 750ml Aluminum products' distribution at Sprouts Farmers Markets. The two single-serve products were already available chainwide on dry shelves and will now be accessible in the Grab-and-Go cooler section of the premium natural grocer. This move amplifies the brand's exposure, reaching not only th
Company Reports Best Third Quarter Revenue Ever with $15.9 Million in Sales, +21% Year-Over-Year The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced its financial results for the third quarter ended December 31, 2022, its second full quarter on its Pathway to Profitability. The Company reported record third quarter revenue, significant year-over-year improvement in total operating expenses and operating loss, and continued sequential quarter-over-quarter improvement in its gross margin. Third Quarter Fiscal 2023 Financial Highlights (all amounts in U.S. dollars) (unaudited):
$19.6 Million in Revenue Represents Year-Over-Year Growth of 28.3% $5.7 Million Reduction in Operating Expenses, a 37% Year-over-Year Improvement Company Identifies an Estimated $5 million in Additional Cost-Savings and Margin Enhancements, Now Approximately $20 Million Total (All amounts are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today reported financial results for the quarter ending September 30, 2022. The Company reported record revenue of approximately $19.6 million, representing the best quarterly revenue in company history and 28.3% year-ov
The Company Has Identified Approximately $5 Million in Additional Savings, Compared to Fiscal 2022, Once Fully Implemented Through Fiscal Year 2024 (All amounts are in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, provided an update today on its Pathway to Profitability, announcing another $5 million in potential costs savings and margin enhancements. Total estimated savings, once fully implemented throughout fiscal years 2023 and 2024, are now approximately $20 million compared to fiscal year 2022. This morning, the Company also announced that it expects to report record
The Company Expects to Report Record Revenue of Approximately $19.6 Million Third-Party Data Shows Alkaline88's 52-Week Retail Sales Up Over 36% Year-over-Year (All amounts in U.S. dollars)(unaudited) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced it expects to report record revenue of approximately $19.6 million for the second quarter of fiscal year 2023, representing year-over-year growth of 28%. "The second quarter fiscal 2023 was The Alkaline Water Company's best sales quarter ever," said Frank Lazaran, President and CEO of The Alkaline Water Company. "Alkaline88® c
$16.9 Million Represents the Company's Best Sales Quarter Ever and Year-over-Year Growth of 20% Management Further Details Gross Margin Enhancement Strategy Total Operating Expenses Decreased by More Than 19% (All amounts are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today reported financial results for the quarter ending June 30, 2022. The Company reported record revenue of $16.9 million, representing the best quarterly revenue in company history and 20% year-over-year growth. The Company filed the corresponding Form 10-Q with the SEC on August 15,
Amidst Enacting New Cost-Saving Measures, the Company Recorded Year-Over-Year Sales Growth for the Month of July of Approximately 30% (All amounts are in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced it has finished its exhaustive company-wide review and has identified approximately $15 million in margin enhancements and expense reductions compared to last fiscal year. The Company projects up to $10 million in savings and margin improvement within fiscal year 2023. An additional $5 million of projected savings before the end of fiscal year 2024 will result
Record Revenue of $60.6 Million Represents Year-over-Year Growth of 32% The Company Issues Guidance of $70 Million for Fiscal Year 2023 Management Highlights Plan for Pathway to Profitability (All amounts are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today reported financial results for full fiscal year ending March 31, 2022. The Company reported revenue of $60.6 Million, the highest yearly revenue in company history, representing year-over-year growth of 32%. The Company filed the corresponding form 10-K with the SEC on July 14, 2022, also available
The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, announced today that President and CEO, Frank Lazaran, and Chief Financial Officer, David Guarino, will host a teleconference with investors and analysts to review its financial results for full fiscal year ended March 31, 2022. The call will be held Friday, July 15th, at 8:45 AM Eastern Time. The Company will issue a press release outlining their financial results today, July 14th, and will also post it on their website at ir.thealkalinewaterco.com. Conference Call Details: Date: July 15th, 2022 Time: 8:45 AM Eastern Time (ET) Dial-in Numb
Company Management Has Identified Significant Expense Reductions and Margin Enhancements To Enhance the Company's Bottom Line (All amounts are in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced it has identified an estimated $4.5-$5 million in annual expense reductions and margin enhancements, once fully implemented, as part of an ongoing plan to put the Company on a pathway to profitability. "We are committed to continue driving topline sales in fiscal year 2023 through new-store expansion and organic growth, despite economic headwinds," said Alkaline88 Pre
The Company Reiterates Full Fiscal 2022 Revenue Guidance of $62 Million (All amounts are unaudited and in U.S. dollars) The Alkaline Water Company Inc. (CSE:WTER) (the "Company"), the country's largest independent alkaline water company and the Clean Beverage® company, today announced revenue of $15.1 million for the fiscal third quarter ending December 31, 2021. This is the second-best quarter for revenue in company history and represents year-over-year quarterly growth of 57%. The Company filed the corresponding form 10-Q with the SEC on February 14, 2022. "With reported sales of $15.1 million, the year-over-year growth for this quarter was an exceptional 57%," stated Ricky Wright, Pre
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