The Alkaline Water Company Q2 EPS $(0.07) Down From $(0.03) YoY, Sales $10.4M Up 20.9% YoY

Fiscal 2020 Second Quarter Financial Results (unaudited) (All amounts are in U.S. dollars) For the fiscal second quarter ending September 30, 2019, recorded revenue of approximately $10.4 million, an increase ofFiscal 2020 Second Quarter Financial Results (una

Benzinga · 11/13/2019 11:09

Fiscal 2020 Second Quarter Financial Results (unaudited)
(All amounts are in U.S. dollars)

For the fiscal second quarter ending September 30, 2019, recorded revenue of approximately $10.4 million, an increase of

Fiscal 2020 Second Quarter Financial Results (unaudited)
(All amounts are in U.S. dollars)

  • For the fiscal second quarter ending September 30, 2019, recorded revenue of approximately $10.4 million, an increase of 20.9% year over year.
  • Gross profit in the fiscal second quarter was $4.5 million, an increase of 22.9% year over year.
    -- Gross margin improved 67 basis points to 42.9%.
  • Total operating expenses for the fiscal second quarter were $7.3 million, an increase of 63.3% year over year.
  • Net loss for the fiscal second quarter was $2.9 million or $0.07 per share versus a loss of $0.9 million or $0.03 per share in the fiscal second quarter of 2019.
  • The Company’s cash balance as of September 30, 2019, totaled $6.9 million with a current working capital ratio of 1.6.