ForeverGreen Worldwide Corporation (FVRG), a leading direct marketing company and provider of health-centered products, announced today financial results for the quarter and twelve month period ended December 31, 2014.
Fourth Quarter Financial Highlights
Total revenues increased 184% to $17,796,937, compared to $6,261,517 in the fourth quarter last year.
Gross Profit for the quarter was increased to $14.2 million and Gross Profit Margins increased to 79.6%.
Operating income was $685,341 compared to $83,284 during the quarter in 2014, a 713% increase.
Net income increased to $189,460, or $0.01 EPS, versus $5,788, or $0.00 EPS, in Q42013. The company had a one-time charge of $149,520 for the loss on settlement of claim. Excluding this item, net income was $338,980, or $0.02 per basic and diluted share.
Cash position, including restricted cash increased $291,544 during the quarter to $1,169,971.
Full Year Financial