ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the second quarter ended June 30, 2016.
Second Quarter Financial Highlights
Total revenues decreased 32.8% to $10,798,076 from $16,079,017 during Q2 2015
Sales and Marketing expenses decreased 48.6% to $4,056,821 versus $7,890,203 during the comparable period in 2015
General and administrative expenses decreased 36.3% to $3,387,969 from $5,322,385
Total Operating Expenses decreased 43.7 % to $7,444,790 from $13,212,588 during Q2 2015
Net Operating Income Increased from a loss of $1,173,114 in Q2 2015 to a gain of $338,151
Net Income for the quarter was $189,719 or .01 EPS compared to a loss of $1,446,797 or (.06) EPS during Q2 2015
Second Quarter Highlights
During the second quarter of 2016, the company experienced exciting updates that included:
Continued Cost Cutting. This includes a reduction