Stock Spotlight is Alkaline Water Company Inc (OTCMKTS:WTER)
MICRO CAP INSIDER, STREET WATCH
Alkaline Water Company Inc (OTCMKTS:WTER) is making a highly explosive move up off its base at $0.06 on accelerating volume after the Company reported spectacular operating results for the fiscal 3rd Quarter, 2015.
WTER is an exciting story developing on the small caps; the Company is the maker of Alkaline88, an 8.8 pH balanced bottled alkaline drinking water enhanced with trace minerals and electrolytes. According to their corporate website alkaline water is the most healthy water on the market that keeps cells young and hydrated as well as helping to fight disease & boosts immune system.
Alkaline Water Company Inc (OTCMKTS:WTER) has developed an innovative, state of the art, proprietary electrolysis process that produces healthy alkaline water for a balanced lifestyle. The Company Inc. is currently in the midst of a national mass markets expansion program and is already available for consumer sales at a growing number of major retail locations across many parts of the United States.
According to WTER they incorporated 84 beneficial trace Himalayan minerals to make Alkaline88. The product offers consumers the unique opportunity to purchase alkaline water in conveniently packaged three liter and one gallon sizes (plus 700ml in select markets) Alkaline88 seems to be a hit with consumers and the Company has been very successfully in securing distribution with Alkaline88 appearing in Albertsons, 7eleven, Bristol Farms, Whole Foods Market and Brookshires to name a few.
On February 20 WTER announced unaudited financial results for the three and nine months ending December 31, 2014 (third fiscal quarter 2015). Third Quarter Highlights included ”sales up 400% for Three Months and 636% for Nine Months; Operating Expenses Drop by 59%; Store Count Increased 2000%.
Revenues were $857,835, as compared to $171,137, an approximate 400% increase. Operating expenses were $1,032,888, as compared to $2,506,201 for the comparable period in 2014. The total for the 2015 fiscal period included approximately $24,000 in non-cash stock compensation, as compared to approximately $1,900,000 for the comparable period.
Management Comment “This quarter was excellent, and the demand for our product has held up exceptionally well during the traditionally slow winter months,” commented Steven Nickolas, President and CEO of the Company. “Our product continues to have excellent sell through and re-orders are strong. Purchase orders for the first 50 days of this quarter (fourth fiscal quarter 2015) have already exceeded the reported third quarter sales. We expect the current quarter to be a record sales quarter for the company.”
Earlier this month WTER announced that its 3 liter products have been accepted for distribution to many of the domestically operated Defense Commissary Agency Stores across the nation.
The Defense Commissary Agency (DeCA), headquartered at Fort Lee (Virginia), is an agency of the Department of Defense (DoD) that operates more than 245 commissaries worldwide. American military commissaries sell discounted groceries and household goods to active-duty, Guard, Reserve, and retired members of all seven uniformed services of the United States and eligible members of their families.