The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, released its financial reports for first quarter 2022, marking continued growth and record revenue. The report, for the period ended June 30, 2021, noted that revenue for the company reached $14.1 million, an increase of 19.6% on a two-year stacked basis and the 33rd straight comparable quarter of record sales. The quarter also saw a partnership agreement with NBA Hall of Famer Shaquille O’Neal and Authentic Brands Group; distribution agreements made with major retailers, including CVS and Harris Teeter; the unveiling of eco-friendly white aluminum bottles nationwide; and continued commitment to key strategic initiatives, including big box, clubs and other nontraditional retailers as well as e-commerce, hospitality, convenience stores, international and CBD. “I’m pleased to announce that in the first quarter of fiscal 2022, The Alkaline Water Company secured a three-year partnership with Shaquille O’Neal and Authentic Brands Group (“ABG”) in which Shaq will serve as a member of our advisory board and as brand ambassador,” said The Alkaline Water Company president and CEO Richard A. Wright in the press release. “This quarter also saw record revenue and strong continued growth. Even when compared to last year’s pantry-loading, our first quarter fiscal 2022 was our 33rd straight comparable quarter of record sales. The momentum from our fourth quarter of fiscal 2021 has carried over into our first quarter fiscal 2022 and led to revenue of $14.1 million, a 5% increase year-over-year, and 19.6% increase on a two-year stacked basis. Fiscal 2022 is shaping up to be a watershed year for The Alkaline Water Company. All the hard work and execution over the last eight years is coming to fruition, and I believe that Alkaline88(R) will be a household name this fiscal year.”
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About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts the company’s trademarked Clean Beverage label. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused(TM) flavored water is available in six unique all-natural flavors, with new flavors coming soon. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alkaline88 and A88 Infused brands. To learn more about the company, please visit www.Alkaline88.com and www.TheAlkalineWaterCo.com.
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