SodaStream International Ltd (NASDAQ:SODA) shares were down Wednesday as the company unveiled its earnings.

For its second quarter, the company earned 64 cents per share

, ahead of analysts’ projections of 54 cents per share. The figure was 74% higher than the year-ago quarter.

Revenue came in at $130.6 million, which was also better than Wall Street’s expectations of $128.67 million. The figure topped the year-ago period by 10%.

“The strong momentum that we’ve recently experienced building a global sparkling water franchise continued into the second quarter,” commented Daniel Birnbaum, CEO of SodaStream.

The company’s machine unit sales surged 35% year-over-year, coming in at 859,000 thanks to the company’s growing popularity around the world. Gas refill units were also higher by 10%, coming in at an all-time high of 8.3 million.

Higher profitability is helping SodaStream inject cash into its improved manufacturing techniques and other rising expenses. “We are confident that we are moving ahead with a balanced approach to increasing global household penetration and user retention, both generating greater shareholder value,” Birnbaum added.

Working capital was 1.6% lower than the period ending December 21, 2016 at $122.8 million, while inventories surged 11.9% since that same period.

SodaStream’s cash and bank deposits amounted to $108.5 million by the end of the previous quarter, which is higher than the $57.3 million at December 31, 2016.

Tax expense was $1.8 million with an effective tax rate of 11.1%, $700 million higher than the year-ago period.

SODA stock fell 4.7% Wednesday.