- Alkaline Water ( NASDAQ: WTER ) said Thursday it identified another $5M in potential cost savings and margin enhancements as part of its Pathway to Profitability initiative, sending its shares 6.3% higher .
- Total savings, once fully implemented throughout FY23 and FY24, are now expected to be ~$20M vs. FY22.
- Earlier in the day, Alkaline Water ( WTER ) said it expects to report record Q2 revenue of ~$19.6M, sending its shares up 9% premarket, after which the stock reversed course to end 12.2% lower.
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Alkaline Water expects $20M in total cost savings under path to profitability initiative