LINDON, Utah, November 7, 2017 /PRNewswire/ --
ForeverGreen™ Worldwide Corporation (OTCBB: FVRG), a global direct marketing company and provider of health and wellness products, announced today it anticipates filing its Q3 earnings report in mid-November, but offered preliminary insight into the quarter. While the sales decreased slightly from the previous quarter, preliminary summary numbers show a significant improvement in net loss. It is anticipated the company is nearly cash flow neutral for the quarter.
"ForeverGreen has seen a number of positive trends occur during Q3. The company is building a foundation that should produce revenue growth and profitability for Q4 2017 and for 2018," said CEO Rick Redford. "Several hundred previously inactive members have returned to active status as customers. The quarter was marked by new member growth, lower costs, lower fixed overhead, logistical cost and efficiency improvements, and more focused marketing efforts. We expect revenue to increase 10-20% sequentially during Q4, resulting in operating profitability now that the company is more streamlined."
ForeverGreen is giving guidance for 2018 later, but reports operating losses are declining substantially and anticipates growth in 2018. More importantly, the company anticipates significant operating profit margins, the key financial metric the company has been constantly improving over the last several months.
"It has taken time and effort to make the company more focused, with every employee concentrating on delivering high quality products to members and profitability for shareholders. We have passed the inflection point and are returning to the growth we are accustomed to achieving. We look forward to exciting quarters ahead," concluded Redford.
About ForeverGreen™ Worldwide Corporation
ForeverGreen Worldwide Corporation was founded in 2004, and develops, manufactures and distributes an expansive line of all-natural whole foods and products to North America, Australia, Europe, Asia, and South America, including its new global Xpress offering Prodigy-5™, featuring the exclusive TransArmor™ Nutrient Technology. Additional products include PowerStrips™, SolarStrips™, with industry exclusive marine phytoplankton and BeautyStrips™. The company also offers its North American market its weight-management line called Ketopia™, as well as additional weight management products, and its Pulse-8™ powered L-arginine formula for cardiovascular health.
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.
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SOURCE ForeverGreen™ Worldwide Corporation