The Alkaline Water Company Reports 62% Year-Over-Year Drop in Net Loss in First Quarter of Fiscal Year 2024, Continues Significant Steps Toward Profitability
The Alkaline Water Company Inc. (NASDAQ: WTER) (the “Company”), the country’s largest independent Alkaline water company, today announced its results for the quarter ended June 30, 2023 that continue to show the execution of its pathway to profitability.
- The Alkaline Water Company Inc. (NASDAQ: WTER) (the “Company”), the country’s largest independent Alkaline water company, today announced its results for the quarter ended June 30, 2023 that continue to show the execution of its pathway to profitability.
- The Company reported a net loss of ($2,840,938), a 62% improvement year-over-year with net loss per share improving by 71% year-over-year.
- Effective April 5, 2023, The Company effected a one for fifteen reverse stock split of its authorized, issued and outstanding shares of common stock.
- Accordingly, all share and per-share amounts referenced above for the current period and prior periods have been adjusted to reflect the reverse stock split.