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WTER on OTC

ALKALINE WATER Co INC

American wholesale-groceries and related products company based in Scottsdale2

In its 2023 annual report the company says: “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. The Company also sells a line of Alkaline88® Sports Drinks.”48 Its shares trade on OTC under the symbol WTER.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$63.8MRevenue, fiscal 20233
-$27.4MNet income, fiscal 20233

Compare with RAVE RESTAURANT GROUP, INC., HF Foods Group Inc. or Domino's Pizza, or pick any stock.

  • TickerWTER on OTC2
  • IndustryWholesale-Groceries & Related Products2
  • HeadquartersHenderson, United States2
  • Incorporated inNV4
  • Business address5524 N 51St Ave, Glendale, Az 853014
  • Filer category, Emerging growth company4
  • Legal formCorporation2
  • LEI549300I2ISCNYQMQQA672
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Incorp Services, Inc., 89169-6014 Las Vegas, United States2
  • Registered withBusiness Center (Secretary of State), E0320092011-32

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

18.3%Gross margin3
-34.5%Operating margin3
-43.0%Net margin3
16.4%Revenue growth, 20233
-$11.9MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue82¢$52.1M
  • Other costs14¢$8.7M
  • Interest5¢$3.0M

Out of $63.8M in revenue.3 The company lost money this year.

Financial statements

Revenue56789103$63.8M in 2023+800% since 2016
0$20.0M$40.0M$60.0M$80.0M2016: $7.1M$7.1M20162017: $12.8M$12.8M2017+80%2018: $19.8M$19.8M2018+55%2019: $32.2M$32.2M2019+63%2020: $38.4M$38.4M2020+19%2021: $46.1M$46.1M2021+20%2022: $54.8M$54.8M2022+19%2023: $63.8M$63.8M2023+16%
Gross profit56789103$11.6M in 2023+338% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $2.7M$2.7M20162017: $5.4M$5.4M2017+104%2018: $8.1M$8.1M2018+50%2019: $12.9M$12.9M2019+59%2020: $13.1M$13.1M2020+1%2021: $16.4M$16.4M2021+25%2022: $9.4M$9.4M2022−43%2023: $11.6M$11.6M2023+24%
Operating income56789103-$22.0M in 2023+195% since 2016
-$40.0M-$30.0M-$20.0M-$10.0M02016: -$7.5M-$7.5M20162017: -$2.5M-$2.5M2017−66%2018: -$5.9M-$5.9M2018+134%2019: -$8.1M-$8.1M2019+36%2020: -$14.4M-$14.4M2020+78%2021: -$15.8M-$15.8M2021+10%2022: -$39.0M-$39.0M2022+146%2023: -$22.0M-$22.0M2023−44%
Net income56789103-$27.4M in 2023+231% since 2016
-$40.0M-$30.0M-$20.0M-$10.0M02016: -$8.3M-$8.3M20162017: -$3.5M-$3.5M2017−58%2018: -$6.7M-$6.7M2018+94%2019: -$8.6M-$8.6M2019+29%2020: -$14.8M-$14.8M2020+72%2021: -$16.4M-$16.4M2021+11%2022: -$39.6M-$39.6M2022+141%2023: -$27.4M-$27.4M2023−31%
Fiscal year20162017201820192020202120222023
Revenue$7.1M5$12.8M6$19.8M7$32.2M8$38.4M9$46.1M10$54.8M3$63.8M3
Cost of revenue$4.4M5$7.4M6$11.7M7$19.3M8$25.3M9$29.6M10$45.4M3$52.1M3
Gross profit$2.7M5$5.4M6$8.1M7$12.9M8$13.1M9$16.4M10$9.4M3$11.6M3
Operating expenses$48.4M3$33.7M3
Operating income-$7.5M5-$2.5M6-$5.9M7-$8.1M8-$14.4M9-$15.8M10-$39.0M3-$22.0M3
Interest$350.1K5$367.1K6$465.3K7$554.5K8$448.8K9$575.6K10$917.0K3$3.0M3
Net income-$8.3M5-$3.5M6-$6.7M7-$8.6M8-$14.8M9-$16.4M10-$39.6M3-$27.4M3
Earnings per share-$0.2410-$5.993-$2.993
Earnings per share (diluted)-$0.2410-$5.993-$2.993
Shares (weighted, basic)6.6M shares39.2M shares3
Shares (weighted, diluted)6.6M shares39.2M shares3

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What it owns

What ALKALINE WATER Co INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$4.5M3 Mar 31, 2023$3.6M3 Mar 31, 2022+24.9%
Property and equipment, net$2.1M3 Mar 31, 2023$1.2M3 Mar 31, 2022+71.4%
Operating-lease assets (leased space)$142.4K3 Mar 31, 2023$60.7K3 Apr 30, 2022+134.4%

Real estate and locations

ItemLatestA year beforeChange
Area of land1,520 sq ft3 Apr 30, 20223,352 sq ft9 Mar 31, 2021−54.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.6M3 Mar 31, 2023$8.6M3 Mar 31, 2022−34.9%
Raw materials$3.7M3 Mar 31, 2023$3.8M3 Mar 31, 2022−4.9%
Finished goods$1.9M3 Mar 31, 2023$4.7M3 Mar 31, 2022−59.2%

Leadership

Who has led ALKALINE WATER Co INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven Paul Nickolas2013–2016
  2. Frank Lazaran2022
  3. Frank Thomas Chessman2023

Chair

  1. Steven Paul Nickolas2013–2016

President

  1. Steven Paul Nickolas2013–2016
  2. Frank Lazaran2022
  3. Frank Thomas Chessman2023

Chief financial officer

  1. David Guarino2018–2023
201520202025
Board members and other officers (8)

Former names

  • GLOBAL LINES INCOct 28, 2011 to May 28, 20134

Timeline

  1. Dec 23, 20258-K Other events26
  2. Dec 22, 20258-K Other events27
  3. Dec 9, 20258-K Other events28
  4. May 2, 20258-K Other events29
  5. Apr 29, 20258-K Other events30
  6. Apr 22, 20258-K Other events31
  7. Apr 16, 20258-K Other events32
  8. Apr 2, 20258-K Other events33
  9. Feb 5, 20258-K Other events34
  10. Jan 26, 20248-K Executive or director change35
  11. Dec 20, 20238-K Other events36
  12. Nov 28, 20238-K Listing notice or transfer; Regulation FD disclosure37
  13. Mar 1, 2023New chief executive Frank Thomas Chessman becomes CEO15
  14. Aug 2, 2022New chief executive Frank Lazaran becomes CEO16
  15. Oct 25, 2013New chief executive Steven Paul Nickolas becomes CEO17

Calendar

When it reported results

  1. Feb 28, 2023Reported quarterly or annual results38
  2. Nov 14, 2022Reported quarterly or annual results39
  3. Nov 10, 2022Reported quarterly or annual results40
  4. Aug 15, 2022Reported quarterly or annual results41
  5. Jul 27, 2022Reported quarterly or annual results42
  6. Jul 14, 2022Reported quarterly or annual results43
  7. Feb 14, 2022Reported quarterly or annual results44
  8. Nov 9, 2021Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

168 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 68 major events, 37 insider forms, 2 private raises, 53 other. The latest 20:

  1. Dec 23, 20258-K CURRENT REPORT EDGAR
  2. Dec 22, 20258-K CURRENT REPORT EDGAR
  3. Dec 9, 2025QUALIF EDGAR
  4. Dec 9, 20258-K CURRENT REPORT EDGAR
  5. Dec 5, 20251-A/A EDGAR
  6. Nov 20, 20251-A EDGAR
  7. May 2, 20258-K EDGAR
  8. Apr 29, 20258-K CURRENT REPORT EDGAR
  9. Apr 22, 20258-K CURRENT REPORT EDGAR
  10. Apr 16, 20258-K EDGAR
  11. Apr 2, 20258-K CURRENT REPORT EDGAR
  12. Feb 5, 20258-K EDGAR
  13. Jun 14, 202415-12G EDGAR
  14. Jun 10, 202415-12G FORM 15 EDGAR
  15. Mar 21, 202425-NSE EDGAR
  16. Jan 26, 20248-K EDGAR
  17. Dec 20, 2023DEFR14A EDGAR
  18. Dec 20, 2023DEFA14A EDGAR
  19. Dec 20, 20238-K EDGAR
  20. Nov 28, 20238-K EDGAR

The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 23, 2022RAUCH DAVID ERICDirectorBuy180,000$0.67$120.0KForm 4

From Forms 4 filed with the SEC.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$760.0K 2022–2023
Money received by yearMoney received by year, 2022–2023: $760.0K in all. Private raises (Form D) $760.0K.$0$200K$400K$600K$800K2022 · Private raises (Form D): $720.0K20222023 · Private raises (Form D): $40.0K2023
Figures by year
YearPrivate raises (Form D)Total
2023$40.0K$40.0K
2022$720.0K$720.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jan 11, 2023Raised $40,000 in a private offering of equity46 Form D: 1 investor so far Form D
  2. Nov 23, 2022Raised $720,000 in a private offering of equity47 Form D: $1.1 million offered in all Form D

SEC filer profile

How ALKALINE WATER Co INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALKALINE WATER Co INC1
  • CIK0001532390
  • Employer ID (EIN)99-03670491
  • Filer status<br>emerging growth company1
  • Incorporated inNevada1
  • Fiscal year endsMarch 311
  • Industry code (SIC)5140 Wholesale-Groceries & Related Products1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address5524 N 51St Ave, Glendale, AZ 853011
  • Phone480-656-24231
  • Shares outstanding10,895,805 as of Sep 21, 202313
  • Public float$47.1M as of Sep 30, 20223
  • On EDGAR sinceOct 28, 20111
  • Filings554 in all: 8-K (204), 4 (70), 10-Q (35), 424B3 (23), CORRESP (23), UPLOAD (21), D (17), EFFECT (16)1
    All 44 form types

    NT 10-Q (12), SC 13D/A (12), 10-K (11), 3 (11), S-3 (11), 425 (9), DEF 14A (8), S-1/A (8), NT 10-K (7), 424B5 (6), S-8 (6), DEFA14A (5), PRE 14A (5), S-1 (4), S-3/A (3), SC 13D (3), 15-12G (2), 8-K/A (2), DEFR14A (2), POS AM (2), 1-A (1), 1-A/A (1), 10-K/A (1), 10-Q/A (1), 25-NSE (1), 3/A (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-A12G (1), CERT (1), D/A (1), QUALIF (1), RW (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Aug 17, 2023
    Quarterly report (10-Q) Sep 22, 2023
    Proxy statement (DEF 14A) Nov 7, 2023
    Latest 8-K (8-K) Dec 23, 2025

Sources

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