Business
The Alkaline Water Company Inc. Reports Record Fiscal 2018 Financial Results
The Alkaline Water Company Inc. Reports Record Fiscal 2018 Financial Results.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\nSCOTTSDALE, Ariz., July 06, 2018 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (TSXV:WTER) (OTCQB:WTER) (the \"Company\"), with products bottled under the trademark Alkaline88®, announced record financial results for the twelve months ended March 31, 2018.\n\n \n \n \n \n \n \n \n \n \n \n \n The Alkaline Water Company Inc.\n \n \n \n \n \n \n \n \n\n Full Fiscal Year 2018 Operational Highlights Secured product placement for Alkaline88® in the two largest grocery retailers in the world: Walmart and Kroger.   Made capital improvements of over $400,000 and tripled East Coast production capacity to $2.8 million per month in wholesale production (based on the average of the monthly East Coast production during FY 2018).Alkaline88® was ranked #18 in the Top 20 Still Water Brands in the U.S.Alkaline88® was ranked one of the fastest growing enhanced water brands in the U.S. with over 55% year over year growth from FY 2017 to FY 2018.Increased Alkaline88® availability to over 40,000 retail locations nationwide.Alkaline88® is now available in 47 of the ‘Top 75’ US Retailers and Wholesalers.East Coast sales accounted for over 20 percent of the Company’s gross sales for FYI 2018 Entered into an agreement with an East Coast based bottle supplier for the Company’s 1-Gallon and 3-liter sizes, which will allow a significant increase in annual wholesale production capacity.  Alkaline88® is now available in a 1.5-liter size and 1-liter 6-pack at select retailers. The new product sizes have been well received by consumers and already account for 4% of our gross sales for FY 2018 Alkaline88® continues to perform well in current retailers, with sales volume increases between 20 to 70% from FY 2017 to FY 2018              Full Fiscal Year 2018 Financial Results (All amounts are in U.S. dollars) Revenue for the year ended March 31, 2018 was $19,812,199, as compared to $12,763,630 for the same period ended March 31, 2017, an increase of 55 percent. This increase in revenue is due to the continued acceptance of the Company’s products by consumers and the successful expansion into additional national retailers, including Walmart, Kroger, and Shopko. Net loss for the year ended March 31, 2018 was ($6,727,280), as ...