- Alkaline Water press release ( NASDAQ: WTER ): Q2 GAAP EPS of -$0.06.
- Revenue of $19.6M (+28.3% Y/Y).
- Gross Profit was $4.6 million, 23.7% of revenue, up 295 bps sequentially over first quarter.
- Total Operating Loss was ($5.1 million), a 50% YoY improvement
- Cash Position on September 30, 2022 was approximately $2.3 million
- Outlook: "We reiterate our revenue guidance of $70 million. Due to our continued emphasis on executing our Pathway to Profitability strategy, we project our gross margins will be between 26% and 27% next quarter and 29% and 30% for the last quarter of the fiscal year which ends March 31, 2023. This would amount to a gross margin improvement of approximately 850 to 900 BPS over the course of the year," the management said.
For further details see:
Alkaline Water GAAP EPS of -$0.06, revenue of $19.6M