Nutroganics, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015; Raises Revenue Guidance for the First Half and Full Year of 2015
May 12, 2015 at 07:51 am EDT
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Nutroganics, Inc. announced earnings results for the first quarter ended 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 the company believes they are helpful in understanding financial trends with the company.
The company also announced 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).
Nutroganics, Inc. acquires and operates revenue-generating businesses in the consumables segment. The Company operates in healthy lifestyle marketplace and capitalizes on synergies from manufacturing through distribution. The Companyâs subsidiaries include Silverbow Honey, Inc. and NuStar Manufacturing, LLC. Silverbow Honey, Inc. packages and distributes natural honey in both branded and private label containers, and as both raw ingredients and as grocery store items. NuStar Manufacturing, LLC specializes in manufacturing liquid, gel, and powder nutritional supplements in single and multiple dose flexible packets, pouches, and containers. It is also engaged in formulating, sourcing, blending, mixing, batching, filling, packing, warehousing and logistics.
Nutroganics, Inc. Announces Earnings Results for the First Quarter Ended March 31, 2015; Raises Revenue Guidance for the First Half and Full Year of 2015
NUTROGANICS, INC. 
