NutraFuels, Inc. (NTFU) Provides 2018 1st Quarter Financials
May 22 2018 - 7:31AM
InvestorsHub NewsWire
Coconut Creek, FL -- May 22, 2018 -- InvestorsHub NewsWire --
NutraFuels Inc. (“NutraFuels” or “NTFU”), (OTC Markets OTCQB:
NTFU), today announced financial results for its fiscal 2018 first
quarter ended March 31st 2018. The Company posted quarterly revenue
of $722,905 and quarterly loss per diluted share of ($0.01).
These results compare to revenue of $232,639 and loss per
diluted share of ($0.07) in the same quarter of last year.
Q1 2018 Sales are up 210.7% over Q1 2017.
($722,905 compared to $232,639).
Q1 2018 Gross Margin is up 273.2% over Q1 2017.
($367,220 compared to $134,251).
Q1 2018 G&A is up 10.1% from Q1 2017 ($321,061 compared
to $291,521).
Q1 2018 Loss from Operations is down 48.4% from Q1 2017.
($595,961 compared to $1,154,158).
Q1 2018 Net Loss is down 86.3% from Q1 2017
($613,735 compared to $4,493,888).
===
2018 year to date cash used by operations decreased 98.8%
from 2017 year to date.
2018 year to date cash provided by financing
activities decreased 100% from 2017 year
to date.
The sale of stock decreased $775,500 or 100% for the
three months 2018 compared to the three months 2017.
Receivables are down from $132,133 on
March31, 2017 to $54,082 on March 31, 2017.
Debt at March 31, 2018 is zero.
The three-month loss includes common stock issued in exchange
for services valued at $511,902.
===
“We are pleased to report our 1st quarter financials and we are
happy to announce that they have improved year over year and from
the 4th quarter of 2017,” said Edgar Ward, NutraFuels
CEO.
About NutraFuels, Inc.
NTFU was founded in 2010, to manufacture, distribute and market
a line of oral spray nutritional dietary products to consumers,
retailers and wholesale outlets. Oral spray delivery systems are
recognized by many as an effective methodology for delivery of
pharmaceutical and nutraceutical products. Oral spray delivery is
recognized by consumers for its convenience, dosage precision and
timely assimilation into the body. NTFU’s product line
consists of vitamins and nutrients in an aqueous solution, orally
delivered through a non-aerosol pump. NTFU’s products are sprayed
into the mouth in the form of a fine mist entering the delicate
tissue of the mouth. The nutrients are delivered into the
bloodstream and assimilated throughout the body more quickly than
traditional methods, avoiding the solubility and absorption
problems common with most ingested vitamins and nutritional
supplements in pill or capsule form. For more information please
visit our corporate website.
http://nutrafuels.com/
Safe Harbor
This press release contains forward-looking statements,
particularly as related to, among other things, the business plans
of NutraFuels, Inc statements relating to goals, plans and
projections regarding the NutraFuels’ financial position and
business strategy. The words or phrases “would be,” “will allow,”
“intends to,” “may result,” “are expected to,” “will continue,”
“anticipates,” “expects,” “estimate,” “project,” “indicate,”
“could,” “potentially,” “should,” “believe,” “think”, “considers”
or similar expressions are intended to identify “forward-looking
statements.” These forward-looking statements fall within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934 and are subject to the safe
harbor created by these sections. Actual results could differ
materially from those projected in the forward-looking statements
as a result of a number of risks and uncertainties. Such
forward-looking statements are based on current expectations,
involve known and unknown risks, a reliance on third parties for
information, transactions or orders that may be cancelled, and
other factors that may cause our actual results, performance or
achievements, or developments in our industry, to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially from anticipated results
include risks and uncertainties related to the fluctuation of
global economic conditions, the performance of management and our
employees, our ability to obtain financing, competition, general
economic conditions and other factors that are detailed in our
periodic reports and on documents we file from time to time with
the Securities and Exchange Commission. Statements made herein are
as of the date of this press release and should not be relied upon
as of any subsequent date. NutraFuels cautions readers not to place
undue reliance on such statements. NutraFuels does not undertake,
and NutraFuels specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
unanticipated events or circumstances after the date of such
statement. Actual results may differ materially from NutraFuels’
expectations and estimates.
NutraFuels, Inc. 6601 Lyons Road, Suite L-6 Coconut Creek, FL 33073 Telephone: 754-227- 5692 www.NutraFuels.com Email: investors@NutraFuels.com
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