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, 2015.
Third Quarter Financial Highlights
Sales increased to $16,606,907 from $15,880,244 for Q3 2014, a 4.6% increase
Gross profit rose to $12,723,987 compared to $12,499,786 during Q3 2014
Operating loss was $278,462 compared to operating income of $317,263
Net loss totaled $371,401 or $(0.01) EPS versus a net income of $203,343 or $0.01 EPS
Excluding non-recurring costs, net loss totaled $371,401 versus net income of $203,343 during Q3 2014
Interest expense decreased to $76,633 or 0.5% of sales compared to $113,101 or 0.7% of sales during Q3 2014
Deferred revenue of $1,785,338 compared to $171,885 for December 31, 2014
Third Quarter Highlights
Banned Substances Control Group (BSCG) certified PowerStrips as free of banned substances
Company pre-launched leading-edge weight loss