After ForeverGreen Worldwide, Corp. (OTCQB: FVRG) released its Q3 Earnings report late last week, Stock Market Media Group, a full service research and content development investor relations firm, has extended its coverage on the nutraceutical company and issued an updated report.
In May, we issued our first report on ForeverGreen, a nutraceutical company that develops, manufactures and distributes an expansive line of all natural whole foods and products including its widely popular new product, FGXpress PowerStrips.
At that time, the company was priced at $0.17/share, and has since exploded to a high of $1.98 for a 1065% gain.
ForeverGreen isn’t showing any signs of slowing down either as it continues to gain momentum with strong quarter over quarter growth, and the latest financials are no different.
In the period ending September 30, 2013, the company saw a 56% increase in both its revenue and profit growth over Q3 2012, and a $0.02 Earnings per Share (EPS) in Q3.
ForeverGreen CEO, Ron Williams, said of the numbers:
“Since the pre-launch of FGXpress in January 2013, we have exceeded our original FGXpress growth goal by 27%. Our operating expenses increased only 21.1%, showing that our business model is very scalable.
With a strong third quarter and continued increasing sales for October, we feel confident that we are still on track to meet or exceed our sales forecast for 2013 of 30-35% growth with strong profitability. During 2014 our sales should increase to, in excess of, $40 million.”
It is this continued growth, and a very aggressive 2014 planned for ForeverGreen that gives Stock Market Media Group the confidence to extend its coverage on the company and issue a new report with a speculative buy rating.
In the report, we take a longer look into ForeverGreen’s 2013 numbers, break down its Q3 financials, dig into what was a very strong October, and discuss what’s expected moving into 2014.