# The Alkaline Water Company Inc. (WTER)

**Exchange:** NASDAQ  
**Sector:** Consumer Defensive  
**Market cap:** $458,111.959  
**Price:** $0.05

> The Alkaline Water Company Inc. is a leading producer and distributor in the premium bottled beverage sector, specializing in alkaline drinking water. The company’s flagship product, Alkaline88, is distinguished by its 8.8-pH balance and enhanced with Pink Himalayan Rock Salt and electrolytes, using a proprietary electrolysis process to achieve a smooth taste profile. In addition to various bottled water sizes, the company has diversified its product offerings to include sports drinks under the Alkaline88 Sports Drinks brand. Serving a broad market, The Alkaline Water Company distributes its products through brokers, distributors, and a network that includes convenience stores, large ethnic markets, national retailers, and e-commerce channels. Founded in 2011 and headquartered in Scottsdale, Arizona, the company holds a significant presence in approximately 80,000 retail locations across the United States, emphasizing clean and pure hydration solutions as part of its market identity.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2023 | $64M | $12M | -$22M | -$27M | — |
| 2022 | $55M | $9M | -$39M | -$40M | — |
| 2021 | $46M | $16M | -$16M | -$16M | — |
| 2020 | $38M | $13M | -$14M | -$15M | — |
| 2019 | $32M | $13M | -$8M | -$9M | — |
| 2018 | $20M | $8M | -$6M | -$7M | — |
| 2017 | $13M | $5M | -$3M | -$3M | — |
| 2016 | $7M | $3M | -$7M | -$8M | — |
| 2015 | $4M | $1M | -$7M | -$7M | — |
| 2014 | $552,699 | $140,848 | — | -$4M | — |
| 2012 | — | — | -$42,626 | -$42,626 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2023 | $18M | $23M | -$5M | — | — |
| 2022 | $23M | $22M | $401,138 | — | — |
| 2021 | $25M | $14M | $11M | — | — |
| 2020 | $16M | $14M | $2M | $5M | — |
| 2019 | $18M | $7M | $11M | $11M | — |
| 2018 | $6M | $6M | $460,241 | — | — |
| 2017 | $4M | $3M | $833,026 | — | — |
| 2016 | $4M | $2M | $2M | — | — |
| 2015 | $2M | $2M | $270,140 | — | — |
| 2014 | $568,308 | $836,323 | -$351,835 | — | — |
| 2012 | $5,462 | $20,604 | -$15,142 | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2023 | -$10M | $1M | -$12M |
| 2022 | -$32M | $992,009 | -$33M |
| 2021 | -$14M | $585,393 | -$15M |
| 2020 | -$14M | $488,557 | -$14M |
| 2019 | -$8M | $1M | -$9M |
| 2018 | -$3M | $317,855 | -$3M |
| 2017 | -$3M | $253,170 | -$3M |
| 2016 | -$3M | $344,961 | -$3M |
| 2015 | -$3M | $352,169 | -$4M |
| 2014 | -$1M | $276,310 | -$2M |
| 2012 | -$39,626 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/WTER)