Alkaline Water Co Q1 Sales $15.00M Down From $16.89M YoY
Portfolio Pulse from Benzinga Newsdesk
Alkaline Water Co reported Q1 2024 sales of $15M, down 8% YoY from $16.89M. However, the company's gross profit margin improved by 733 basis points to 25%, and operating expenses decreased by over $3M. Net cash used in operating activities improved 84% YoY. The company is now current with all SEC filing requirements.
September 22, 2023 | 5:06 pm
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NEUTRAL IMPACT
Alkaline Water Co's Q1 2024 sales decreased, but profitability indicators improved. The company is now current with all SEC filing requirements.
While Alkaline Water Co's sales decreased, the company showed strong improvement in profitability indicators such as gross profit margin and operating expenses. The company's compliance with SEC filing requirements also reduces regulatory risk.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100