Tag Archive for Q1 2015 revenues

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ForeverGreen Reports 63% Increase In Q1 2015 Revenues To $17.2 Million

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ForeverGreen Worldwide Corporation (FVRG), a leading direct marketing company and provider of health-centered products, announced financial results for the first quarter ended March 31, 2015.
First Quarter Financial Highlights

Total revenues increased 63.2% to $17,198,940, compared to $10,536,402 in the first quarter last year. The company has deferred revenue of $389,672 versus $171,885 in the comparable quarter of 2014.
Gross Profit for the quarter increased to $13,005,739 compared to $7,977,397 and Gross Profit Margins held stable at 75.6%.
Operating income was $411,813 compared to $267,002 during the quarter in 2014, a 54% increase.
Net income increased 85.2% to $335,378 or $0.01 EPS, versus $181,052 or $0.01 EPS, in Q1 2014. Net income margins increased slightly to 1.9% from 1.7%.
Net cash provided by operating activities was $186,356 for the quarter compared to $193,016 in net cash used during

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Youngevity Q1 2015 Revenues Increase To $36.8 million

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Youngevity International, Inc. (OTCQX: YGYI) a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, today reported financial results for the first quarter ended March 31, 2015.
 
First Quarter 2015 Highlights:

Net Revenue increased 39.4% over the prior year period to $36.8 million;
Gross Profit increased 28.1% to $20.3 million compared to the prior year period;
Adjusted EBITDA was $1.3 million, compared to $1.7 million in the prior year period;
Held annual convention with record attendance;
Entered into two acquisitions during the first quarter.

“In the first quarter, we remained focused on accelerating our revenue via targeted acquisitions, strengthening our geographic expansion, and steady organic growth in both our direct selling and coffee business segments,” stated Steve Wallach, Chief Executive Officer of Youngevity International.

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