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Monday, May 10, 2021

Looking for Reversal on Alkaline Water Company Inc (OTCMKTS:WTER)

Alkaline Water Company Inc (OTCMKTS:WTER) is one volatile stock that continues to trade big volume and remains at the top of Investors watch lists.

WTER is an exciting story developing on the small caps; 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.

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.

Earlier this year 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.

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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.

On August 19 WTER announced Q1 financial results for the three months ending June 30, 2015. First Quarter Financial Results and Highlights include: Revenue for the first fiscal quarter ended June 30, 2015 was $1,513,578, as compared to $572,049 for the same period ended June 30, 2014, an increase of 164%. The increase in revenue is due to increased product distribution to retailers and continued sell-through to consumers.

WTER gross profit as a percentage of revenue for the quarter was 36%, as compared to 29% for the same period in 2014, an increase of 24%. The increase in gross profit is a result of reduced raw material cost through greater volume purchases from our suppliers.

During the quarter, our total operating expenses were $1,849,250, as compared to $2,382,067 for the same period in 2014, a decrease of 22%. For the quarter ended June 30, 2015, the total included $626,681 of sales and marketing expenses and $1,151,540 of general and administrative expenses, consisting primarily of 642,872 in stock compensation expense and $103,540 of professional fees. The Company reported a net loss for the quarter ended June 30, 2015 of $(1,554,630), as compared to a loss of $(2,437,209) for the same period ended June 30, 2014.

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Currently trading at a $12 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.

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