Earnings release
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Alkaline88 The Alkaline Water Company Reports Record Second Quarter Revenue with 50 % Year over Year Growth November 9 , 2021 $ 15.25 Million in Revenue is Best Quarter in Company History SCOTTSDALE , Ariz .-- ( BUSINESS WIRE ) -- The Alkaline Water Company Inc. ( NASDAQ and CSE : WTER ) ( the “ Company ” ) , the country's largest independent alkaline water company and the Clean Beverage® company , today announced record revenue of $ 15.25 million for the fiscal second quarter ended September 30 , 2021. The Company filed the corresponding form 10 - Q with the SEC on November 9 , 2021 . " I'm pleased to announce that the second quarter's revenue was the highest in the history of the Company , " said Richard A. Wright , President and CEO of The Alkaline Water Company . " Our reported revenue of $ 15.25 million represents over 50 % growth compared to the second quarter of last fiscal year . It is our 34th straight comparable quarter of record sales . The growth of our brand , product offerings , consumer base , and our expanding retail presence throughout the country have allowed us to exceed our revenue growth targets of between 35-50 % . This momentum continues to carry over into our third quarter fiscal 2022 , and we reiterate our guidance of $ 62 million for the year . " Fiscal 2022 Second Quarter Key Highlights • Record Revenue of $ 15.25 million , a year - over - year increase of over 50 % • Growth rate returned to 35-50 % target range The Company Reiterates Guidance of $ 62 Million for Fiscal Year 2022 • Now the 7th largest value - added water brand by dollar volume , outpacing the value added water category by 29.7 % in dollar volume and 47.6 % in unit volume for the 4 week period ending October 9th , 2021 according to Nielsen Total US Food data • Produced first omnichannel marketing campaign assets with advisory board member and brand ambassador , Shaquille O'Neal . • Launched innovative A88CBD ™ functional waters powered by VessⓇ • Added key personnel including Chief Marketing Officer and department directors for E Commerce and Hospitality " We've established ourselves as a leader in the alkaline water space and the wider value added water category . Our growth relative to the overall category is a good indicator of just how strong the Alkaline88® brand is , " continued Mr. Wright . " For the most recent 4 - week data for Nielsen Total US Food ending October 9th , 2021 , we have outpaced the value added category growth by 29.7 % in dollar and an incredible 47.6 % in unit volume . We're now the 7th largest value - added water brand by dollar volume in the grocery channel . " Q2 Business and Operational Highlights