Alkaline Water Company Inc WTER

Consumer Defensive Beverages - Soft Drinks

The Alkaline Water Company Inc. is a clean beverage company. The Company offers retail consumers bottled alkaline water in 500-milliliter, 700-milliliter, 1-liter, 1.5 -liter, 2-liter, 3-liter and 1-gallon sizes, all of which is produced through an electrolysis process that uses specialized electronic cells coated with a variety of rare earth minerals to produce 8.8 pH drinking water without the use of any manmade chemicals. Its flagship product is Alkaline88, which is a premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. The Company also sells a line of Alkaline88 Sports Drinks. Its bottled alkaline water product is presently available in over 75,000 stores in all 50 states, the District of Columbia, the Caribbean and in Mexico and Canada. The Company sells its products directly to retail clients, including convenience stores, natural food products stores, large ethnic markets, and national retailers.

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Post by jboom70on Feb 18, 2022 10:55pm

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Question

Total operating expenses for the fiscal third quarter were $15.9 million, compared to $7.6 million from the prior year’s quarter.
Net loss for the fiscal third quarter was 10.7 million or ($.10) per share versus a net loss of $4.4 million or ($0.06) per share in the third quarter of fiscal 2021. Both the net loss and net loss per share were impacted by non-cash expenses of approximately ($0.03) per share in the quarter ended December 31, 2021.

So what did they spend cash on? It's double. And why the shelf prospectus of 50mil? Just good to have going into high interest future or have they been eyeing something.

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