Alkaline Water Co FY23 Sales $63.80M, Up 16% Y/Y, Net Income $(27.4)M Vs. $(39.6)M Prior Year
Portfolio Pulse from Benzinga Newsdesk
Alkaline Water Co (NASDAQ:WTER) reported a 16% year-over-year increase in revenues, reaching a historic high of $63.8 million for FY23. The company also made significant progress on its Pathway to Profitability, reducing its net loss from $39.6 million to $27.4 million.
August 16, 2023 | 9:14 am
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Alkaline Water Co reported a 16% increase in revenues and a reduction in net loss, indicating progress on its Pathway to Profitability.
The company's increased revenues and reduced net loss indicate a positive financial performance, which could lead to a potential increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100