Health and wellness product maker, ForeverGreen Worldwide Corp. (OTCQB:FVRG) has developed and commercialized KetonX, a drink product comprised of a patented blend of ingredients that it claims kicks the body into a state of “nutritional ketosis within a matter of hours, not days.”
Ketosis is a popular weight loss strategy involving low intake of carbohydrates, which triggers the body to burn fat for energy, making ketones in the process. It’s enjoying popularity again, but ultimately has been around for decades, thrown into the spotlight with the low-carb Atkins and Paleo diet plans introduced years ago.
The initial launch of KetonX in envelope packaging is outperforming expectations, with sales topping $200,000 in the first week.
The new packaging of KetonX has made the product available to not only the North American and Latin American American markets, but global distributors in the Middle East, Africa, Asia and Europe, ForeverGreen’s biggest market. The four-serving envelope is available now in over 107 countries, a 300% increase in market availability, according to the company.
Furthermore, the envelope style has other benefits, including cutting down on shipping costs and serving as a new platform for the company’s Ketogenic-lifestyle product packs. Ultimately, it gives salesmen new arrows for their sales quivers,
Tag Archive for ForeverGreen Worldwide
Hot Business News Today
ForeverGreen Q3 Sales Down 50% To $8 Million
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the third quarter ended September 30, 2016.
“During the last couple of years, the Company has focused on top line revenue growth. The Company’s focus has now shifted to driving Company profitability, which in turn will drive shareholder value.
The nine month period in 2016 has seen the Company implement changes, regarding general and administrative expenses, which will reduce costs and put the Company in a much better position to deliver future positive shareholder results. While the company has seen a decline in the top-line revenue, the cost cutting initiatives have reduced the break-even point by almost 50%,” commented CFO Jack Eldridge.
“The Company continues to look for opportunities to improve upon or expand the restructuring and
Hot Business News Today
ForeverGreen Worldwide Announces Q2 2014 Results
by Nicole Dunkley • • 0 Comments
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