ForeverGreen Worldwide Announces Q2 2013 Results

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ForeverGreen Worldwide Announces Q2 2013 Results

- Revenues Grow 28.4%

OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (OTCBB:FVRG), a leading provider of nutritional foods and other healthy products, today announced Q2 2013 earnings, for the quarter ended June 30, 2013.

Highlights included:

  • Sales increased to $4,007,611 from $3,120,897 for Q2 2012, a 28.4% increase
  • Net loss for the quarter was $5,383 or $0.00 EPS versus a net loss of $38,772 or $0.00 EPS during the comparable period during 2012
  • Operating Income increased to $92,653 or $0.01 compared to $21,389 or $0.00 EPS during Q2 2012
  • Net cash provided by operating activities for Q2 2013 was $205,716
  • Cash increased to $224,051 from $191,187 on March 31, 2013

"Since the pre-launch in January 2013, we have exceeded our original FG Xpress growth goal by 57%. Our gross margins for the quarter were 34.2%, a number we expect to increase substantially in coming quarters. With a strong second quarter and continued increasing sales for July, which traditionally is one of our slower months of the year, we feel confident that we are still on track to reach our sales forecast for 2013 of 30-35% growth with strong profitability. We feel it is very important for investors to note we had strong positive cash flow and operating income for the quarter, with strong positive EBITDA and non-GAAP earnings. As many already know these figures typically more accurately reflect a company's performance. We look forward to accelerated growth moving forward with all earnings, profit and cash metrics continuing to improve. I look forward to sharing recent progress on the conference call tomorrow," stated Ron Williams, CEO.

For a full earnings report please view our entire filing at

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia, South America and Africa. Offerings include their new global offering, PowerStrips. Additionally, they offer Azul and FrequenSea™ whole-food beverages with industry exclusive Marine Phytoplankton, Versativa line of hemp-based whole-food products, A.I.M. Transfer Factor immune support, 03World™ weight management products, Pulse-8 powdered L-arginine formula, TRUessence™ Essential Oils and Apothecary, 24Karat Chocolate®, and an entire catalog of meals, snacks, household cleaners and personal care products.

Forward-Looking Statement

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.


ForeverGreen Worldwide Corporation
Craig Smith, 801-655-5500
Brokers and Analysts:
Chesapeake Group
Kevin Holmes, 410-825-3930

KEYWORDS:   United States  North America  Utah


The article ForeverGreen Worldwide Announces Q2 2013 Results originally appeared on

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