The Alkaline Water Company Inc. provided an update on its Pathway to Profitability, announcing another $5M in potential costs savings and margin enhancements. Total estimated savings, once fully implemented throughout fiscal years 2023 and 2024, are now approximately $20M compared to fiscal year 2022. This morning, the company also announced that it expects to report record revenue of approximately $19.6M when it files its 10-Q for its second quarter fiscal 2023 next Monday, November 14th, 2022, after market close. "The Alkaline Water Company continues to find ways to be more efficient while maintaining strong sales momentum in pursuit of our ultimate goal of becoming a profitable company," stated Frank Lazaran, President and CEO of The Alkaline Water Company. "We have now identified approximately $20 million in total savings and margin improvement compared to last fiscal year. Though it will take time to see the full benefits of the measures we’re taking to improve our bottom line, we look forward to sharing with our shareholders next week the early progress we’ve made in our first full quarter on our Pathway to Profitability."
Published first on TheFly
