ForeverGreen Worldwide Corporation, a leading provider of nutritional foods and other healthy products announced Q2 2014 earnings. The quarter ended June 30, 2014.
Recent Company Highlights:
New leaders, distributors and customers added at record pace each month during 2014
Company achieved fifth consecutive quarter of operating profitability and second consecutive quarter of growth in operating and net income
Sales increased each quarter for the last 5 quarters
Company actively shipped product in 174 countries, up from just 150 at end of 2013
Company added new product, SolarStrips, to product portfolio
Company expanded to new corporate headquarters in Pleasant Grove, UT
Company met or exceeded monthly targets necessary to remain on target for the increased company guidance of $41-50 million of revenue during 2014
Highlights for Q2 2014 included:
Sales increased to $14,127,840 from $4,007,611 for Q2 2013, a 253% increase
Gross profit rose to $11,233,332 compared to $2,852,371 during Q2 2013, a 294% increase
Gross profit margins increased to 79.5% versus 71.1% during the comparable quarter during 2013
Operating income was $412,360 compared to $92,653, a 345% increase
Net income totaled $454,856 or $0.02 EPS versus a net loss of $5,383
Operating expenses excluding sales and marketing declined as a percentage of revenue from 31.9% in 2013 to 24% in 2014
Interest expense decreased to $70,407