The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, is identifying an additional $5 million in potential savings; the savings come from planned implementation of cost savings and expected margin enhancements. The company is focused on its Pathway to Profitability and has estimated a total $20 million in savings will be achieved throughout fiscal years 2023 and 2024. The company also announced that it anticipates record revenue will be posted in its Q2 2023 financial earnings report, which will be released on Nov. 14, 2022, after the U.S. market closes. “The Alkaline Water Company continues to find ways to be more efficient while maintaining strong sales momentum in pursuit of our ultimate goal of becoming a profitable company,” said The Alkaline Water Company president and CEO Frank Lazaran in the press release. “We have now identified approximately $20 million in total savings and margin improvement compared to last fiscal year. Though it will take time to see the full benefits of the measures we’re taking to improve our bottom line, we look forward to sharing with our shareholders next week the early progress we’ve made in our first full quarter on our Pathway to Profitability.”
To view the full press release, visit https://ibn.fm/spQ4f
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 ecofriendly 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 the company’s trademarked Clean Beverage label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and as a celebrity brand ambassador for the Alkaline88 and A88 Infused brands. To learn more about the company, please visit www.Alkaline88.com and www.TheAlkalineWaterCo.com.
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://ibn.fm/WTER
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