The Alkaline Water Company, Inc. (OTCQB: WTER) produces, distributes, markets and sells bottled alkaline water under the Alkaline88 brand. The company’s product, which is created using a proprietary electrolysis process, is an 8.8 pH-balanced bottled drinking water enhanced with trace minerals and electrolytes and specially formulated to promote a healthy, balanced lifestyle. With regular consumption, alkaline water products have been shown to provide a host of potential health benefits ranging from improved hydration levels to boosted immune system performance.
In recent months, WTER has focused on a national mass-market expansion program designed to increase the availability of Alkaline88 in retail locations across the United States. In its fiscal quarter ending June 30, these efforts translated into strong financial growth resulting from increased product distribution. The company’s total revenue for the quarter was just over $1.5 million, which represented a year-over-year increase of 164 percent. Building on this progress, WTER expects to achieve profitability in the fourth quarter of its current fiscal year.
“We see continued strong demand for our products at each of our retailers, and have already shipped over $1 million of product in our current second fiscal quarter,” Steven Nickolas, president and chief executive officer of WTER, stated in a news release. “With the addition of new retailers and increases in current store volumes, we expect to see significant sales growth over the next three quarters of fiscal 2016.”
The company’s most recently announced distribution agreement, which was unveiled last month, introduced the Alkaline88 brand to the Hawaiian Islands. Through this exclusive direct-to-store distribution deal with Hawaii-based Triple T Corporation, WTER secured a presence in both 7-Eleven convenience stores and Foodland grocery stores, which represent the largest operators in their respective categories across the island chain. The first order resulting from this agreement was for approximately 15,000 cases of product, and fast sell-through rates are expected to promote additional sizable orders in the future.
WTER’s considerable progress toward achieving profitability in recent months is a promising indication of its market potential in the years to come. For prospective shareholders, the company’s aggressive expansion efforts make it an intriguing investment opportunity. Look for WTER to continue leveraging the marketability of its Alkaline88 product in order to promote ongoing returns.
For more information, visit www.thealkalinewaterco.com
