Alkaline Water Company Inc (OTCMKTS:WTER) continues to move up slow and steady in recent weeks after reversing off lows just under $0.07. WTER hit the bb’s last August and was trading for over $0.20 a share.
In February WTER jumped again running off its $0.06 base to highs of $0.15 a share before dropping back down to current levels.
Alkaline Water Company Inc (OTCMKTS:WTER) has developed an innovative, state of the art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The Company Inc. is currently in the midst of a national mass markets expansion program and is already available for consumer sales at a growing number of major retail locations across many parts of the United States.
The Company is the maker of Alkaline88, an 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. According to their corporate website alkaline water is the most healthy water on the market that keeps cells young and hydrated as well as helping to fight disease & boosts immune system.
According to WTER they incorporated 84 beneficial trace Himalayan minerals to make Alkaline88. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged three liter and one gallon sizes (plus 700ml in select markets) Alkaline88 seems to be a hit with consumers and the Company has been very successfully in securing distribution with Alkaline88 appearing in Albertsons, 7eleven, Bristol Farms, Whole Foods Market and Brookshires to name a few.
On February 20 WTER announced unaudited financial results for the three and nine months ending December 31, 2014 (third fiscal quarter 2015). Third Quarter Highlights included ”sales up 400% for Three Months and 636% for Nine Months; Operating Expenses Drop by 59%; Store Count Increased 2000%.
Revenues were $857,835, as compared to $171,137, an approximate 400% increase. Operating expenses were $1,032,888, as compared to $2,506,201 for the comparable period in 2014. The total for the 2015 fiscal period included approximately $24,000 in non-cash stock compensation, as compared to approximately $1,900,000 for the comparable period.
Last month WTER announced that its 3 liter products have been accepted for distribution to many of the domestically operated Defense Commissary Agency Stores across the nation.
The Defense Commissary Agency (DeCA), headquartered at Fort Lee (Virginia), is an agency of the Department of Defense (DoD) that operates more than 245 commissaries worldwide. American military commissaries sell discounted groceries and household goods to active-duty, Guard, Reserve, and retired members of all seven uniformed services of the United States and eligible members of their families.
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On April 9 WTER announced ”existing purchase orders across all markets currently indicate a projected run rate of over $10,000,000 annually.”
In related news, and after less than 24 months in Southern California stores, Nielsen reports Alkaline88 is now the number one selling brand in that market. Based on this report, Alkaline88 is also now perceived to be the fastest growing alkaline water brand in Southern California.
CEO Steven Nickolas said “I believe the explosive growth we have experienced since January 1st is unmatched by any water company this year. We finished our fiscal year with our strongest quarter ever, and the first week of our new year is also the strongest week documented to-date. We are very excited about the potential for continued growth as we open up new markets and business relationships across the nation.”
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Currently trading at a $9.5 million market valuation WTER seems to be making all the right moves; the Company is performing on every fundamental metric and the stock is quickly becoming a favorite among a fast growing shareholder base that swears this one goes higher. WTER is a real Company with their product on the shelf undergoing rapid growth in revenues. WTER is a stock to watch. We will be updating on WTER when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WTER.
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Disclosure: we hold no position in WTER either long or short and we have not been compensated for this article.