Business
The Alkaline Water Company Reports Fiscal Year 2015 Financial Results
The Alkaline Water Company Reports Fiscal Year 2015 Financial Results.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\n \n \n The Alkaline Water Company Reports Fiscal Year 2015 Financial Results\n \n \nThe Alkaline Water Company Reports Fiscal Year 2015 Financial Results\n\nSales up More Than 570% Over Prior Year\nCompany Provides Guidance for Fiscal 2016\n\n \n SCOTTSDALE, AZ--(Marketwired - Jul 15, 2015) - The Alkaline Water Company Inc. (OTCQB: WTER) (the \"Company\"), developers of an innovative state of the art proprietary electrolysis beverage process packaged and sold in 500ml, 700ml, 1-liter, 3-liter and 1-gallon sizes under the trade name Alkaline88, has announced financial results for the twelve months ended March 31, 2015.\n Full-Fiscal Year 2015 Financial Results and Highlights\n Revenue for the year-ended March 31, 2015 was $3,700,476, as compared to $552,699 for the same period ended March 31, 2014, an increase of 570%. The increase in revenue is due to increased product distribution to retailers and continued sell through to consumers.\n The Company's gross profit as a percentage of revenue for the year was 31.6%, as compared to 25.5% 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.\n During the year ended March 31, 2015, our total operating expenses were $8,082,158, as compared to $4,421,353 for the year ended March 31, 2014. For the year ended March 31, 2015, the total included $1,386,671 of sales and marketing expenses and $6,520,451 of general and administrative expenses, consisting primarily of $2,428,782 of stock option compensation expense, $1,301,477 in stock compensation expense and $646,244 of professional fees.\n Our stock and stock option compensation expense was incurred as a part of our issuance of certain stock options and stock grants to employees and key consultants to develop our business. Although a non-cash expense, the value of such issuances had a material impact on our general and administrative expenses for the year ended March 31, 2015.\n For the year ended March 31, 2014, the total included $464,083 of sales and marketing expenses and $3,852,773 of general and administrative expenses, consisting primarily of approximately $2,225,736 of stock option compensation expense, $426,555 in stock compensation expense and $541,158 of professional fees.\n Net loss for the year ended March 31,...