ForeverGreen Worldwide Announces Q3 2013 Results
November 13 2013 - 12:51PM
Business Wire
- Revenues Grow 56.6%
- EPS of $0.02 for Q3 2013
ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading
provider of nutritional foods and other healthy products, today
announced Q3 2013 earnings, for the quarter ended September 30,
2013.
Highlights included:
- Sales increased to $4,793,782 from
$3,060,736 for Q3 2012, a 56.6% increase
- Gross Profit reached $1,527,159
compared to $974,562 during Q3 2012, a 56.7% increase
- Net Income for the quarter was $326,929
or $0.02 EPS versus a net loss of $107,585 or $0.01 EPS loss during
the comparable period during 2012
Nine month highlights (for the period from 1/1/13 to 9/30/13)
included:
- Sales increased to $11,495,871 from
$9,781,990 for 2012, an increase of 17.5%
- Gross Profit increased to $3,673,766
from $2,997,775 last year, a 22.5% increase
- Net Income for the nine month period
increased to $110,090 or $0.01 EPS compared to a net loss of
$273,248 or a .02 EPS loss for the first nine months of 2012
“Since the pre-launch of FGXpress in January 2013, we have
exceeded our original FGXpress growth goal by 27%. The Company
operating expenses increased only 21.1%, showing that our business
model is very scalable. With a strong third quarter and continued
increasing sales for October and November, the Company feels
confident that we are still on track to meet or exceed our sales
forecast for 2013 of 30-35% growth with strong profitability.
During 2014 our sales should increase to in excess of $30 million.
We look forward to accelerated growth moving forward with all
earnings, profit and cash metrics continuing to improve. I look
forward to sharing recent progress on the conference call,” stated
Ron Williams, CEO.
For a full earnings report please view our entire filing at
www.sec.gov.
ForeverGreen Worldwide Corporation develops, manufactures and
distributes an expansive line of all natural whole foods and
products to North America, Australia, Europe, Asia, South America
and Africa. Offerings include their new global offering,
PowerStrips. Additionally, they offer Azul and FrequenSea™
whole-food beverages with industry exclusive Marine Phytoplankton,
Versativa line of hemp-based whole-food products, A.I.M. Transfer
Factor immune support, 03World™ weight management products, Pulse-8
powdered L-arginine formula, TRUessence™ Essential Oils and
Apothecary, 24Karat Chocolate®, and an entire catalog of meals,
snacks, household cleaners and personal care products.
www.forevergreen.org
Forward-Looking Statement
This press release contains certain forward-looking statements.
Investors are cautioned that certain statements in this release are
"forward-looking statements" and involve both known and unknown
risks, uncertainties and other factors. Such uncertainties include
among others, certain risks associated with the operation of the
company described above. The company's actual results could differ
materially from expected results.
ForeverGreen Worldwide CorporationCraig Smith,
801-655-5500craig@forevergreen.orgorBrokers and Analysts:Chesapeake
GroupKevin Holmes, 410-825-3930info@chesapeakegp.com