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2023-08-16_The_Alkaline_Water_Company_Reports_Record_Revenue__479.pdf
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The Alkaline Water Company reported record revenue of $63.8 million in fiscal year 2023, a 16% year-over-year growth, and made significant strides toward profitability with a 31% improvement in net loss and a 35 percentage point reduction in operating expenses as a percentage of revenue to 53%. The company's gross profit margin improved by 111 basis points to 18% and net cash used in operating activities decreased by 67% year-over-year. Alkaline88 added over 11,000 new stores to its retail footprint and expanded SKU offerings in over 33,000 existing clients, outpacing category growth in both dollar volume and unit volume. The company has identified approximately $22 million in cost-savings and margin enhancement and is focused on securing necessary funds to continue pursuing profitable operations.

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The Alkaline Water Company reported record revenue of $63.8 million in fiscal year 2023, a 16% year-over-year growth, and made significant strides toward...

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  • File Format: PDF
  • File Size: 67 KB
  • Pages: 5
  • Language: EN
  • Total Downloads: 51
  • Last Updated: 1 month ago

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