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Nutroganics, Inc.
Nutroganics, Inc.
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Nutroganics, Inc. (NUTT) Announces Record Second Quarter Revenue of $4.3 Million; EBITDA of $520,082; Net Income of $363,975
Aug 07, 2015
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Nutroganics, Inc. (NUTT) Announces Record Second Quarter Revenue of $4.3 Million; EBITDA of $520,082; Net Income of $363,975
BETHESDA, MD--(Marketwired - Aug 7, 2015) - Nutroganics, Inc. (OTC PINK: NUTT) ("Nutroganics") announces that it achieved record revenue of $4.3 Million in its second quarter ending June 30, 2015. Revenue is up more than 119% year over year from $1.9 million in the second quarter of 2014 and more than 19% over the first quarter of 2015. The earnings before interest, taxes, depreciation and amortization (EBITDA) were $520,082 and net income was $363,975 or $0.011 per basic share outstanding and $0.0025 per fully diluted share. EBITDA and net income per fully diluted share are not GAAP measures but Nutroganics believes they are helpful in understanding financial trends with the company.
David Sackler, Nutroganics' President & CEO, said, "We are pleased to announce record quarterly revenue and another solid quarter of EBITDA and net income. The rest of the year looks bright."
Full financial results and management discussions will be posted on www.otcmarkets.com on or before August 14, 2015.
About Nutroganics:
Nutroganics, Inc. acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace, and seeks to capitalize on synergies from manufacturing through distribution. Nutroganics owns Silverbow Honey Company, a producer and packager of honey products founded in 1945 and based in Moses Lake, Washington and NuStar Manufacturing, LLC, a Utah-based packager of nutritional products and supplements.
For more information, contact David Sackler at dsackler@nutroganics.com or (240) 223-1000, and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, rich@yesinternational.com, 757-306-6090, www.nutroganics.com.
Forward-Looking Statements:
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.
Contact:
David Sackler
240-223-1000
Email Contact
Rich Kaiser
