Nutroganics, Inc. (NUTT) Annoucnces Record First Quarter Results; Revenue $3.62 Million; EBITDA $453,029; Net Income $288,654; Raises Guidance
(firmenpresse) - BETHESDA, MD -- (Marketwired) -- 05/12/15 -- Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announces that it achieved record results in its first quarter ending March 31, 2015. Revenue hit $3.62 million, up approximately 44% from $2.5 million in the fourth quarter of 2014. Earnings before interest, taxes, depreciation and amortization (EBITDA) were $453,029, up from $188,329 in the 2014 fourth quarter. The Company achieved positive net income for the first time with $288,654 or $0.009 per basic share outstanding and $0.002 per fully diluted share. EBITDA and net income per fully shares are not GAAP measure but Nutroganics believes they are helpful in understanding financial trends with the Company. Full results will be posted on on or before May 15, 2015.
David Sackler, Nutroganics'' President & CEO, said, "We are pleased to announce our first ever positive net income for the quarter ending March 31, 2015. Coupled with continued strong top line growth, the business is trending positively. Our planned capacity expansion in Q2 and Q3 should allow us to continue serving our existing customer base, as well as new customers, with an even broader array of products and services. New retail and distribution partners in the natural products markets will continue this strong positive trend with the rest of the year looking bright."
Nutroganics also announces that, given continued favorable trends, it expects its revenue will exceed $6.5 million for the first half of 2015 (up from $6.3 million) and $13.8 million for all of 2015 (up from $13.5 million).
acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace. Nutroganics owns , a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and a Utah-based packager of nutritional products and supplements.
For more information, contact David Sackler at or (240) 223-1000, and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, , 757-306-6090
This release may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors, which may cause Nutroganics'' actual results, performance, or achievements to be materially different from actual future results expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements after the date of such statements.
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Datum: 12.05.2015 - 07:00 Uhr
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