ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced Q3 2014 earnings. The quarter ended September 30, 2014.
Recent Company Highlights:
New leaders, distributors and customers added at record pace during Q3 2014
Company achieved sixth consecutive quarter of operating profitability and fifth consecutive quarter of net profitability
Sales increased each quarter for the last 6 quarters
Company actively shipped product in 175 countries, up from just 18 at the end of 2012
Company added new products, BeautyStrips and Retromé, to product portfolio
Company met or exceeded monthly targets necessary to remain on target for the increased company guidance of $56-60 million of revenue during 2014
Highlights for Q3 2014:
Sales increased to $15,880,244 from $4,793,782 for Q3 2013, a 231% increase
Gross profit rose to $12,499,786 compared to $3,665,285 during Q3 2013, a 241% increase
Gross profit margins increased to 78.7% versus 76.5% during the comparable quarter during 2013
Operating income was $317,263 compared to $301,619
Net income totaled $203,343 or $0.01 EPS versus a net income of $326,929, which included a one-time gain of $226,230
Excluding non-recurring costs, net income totaled $203,343 versus $100,699 during Q3 2013
Interest expense decreased to $113,101 or 0.7% of sales compared to $195,656 or 4.1% of sales during Q3 2013
Total Long Term