SOURCE: Nutroganics, Inc.

Nutroganics, Inc.

August 07, 2014 09:15 ET

Nutroganics, Inc. (NUTT) Announces 2014 Second Quarter Results and Guidance for Second Half

BETHESDA, MD--(Marketwired - Aug 7, 2014) - Nutroganics, Inc. (PINKSHEETS: NUTT) ("Nutroganics") announces operating results for its second quarter ended June 30.

Nutroganics generated consolidated revenue of $1.96 million, up 282.7% from the company's first quarter revenue. Operating loss was ($127,149) or -6.5% of revenue, improving from -14.9% of revenue in the 2014 first quarter.  

David Sackler, Nutroganics' President & CEO, said, "We are very pleased with the improvement in our operating results from Q1 to Q2. The second quarter reflects the effect of our NuStar acquisition which continues to be nicely accretive to our Company. Today's announcement is the next step in our plan to build Nutroganics into a listed company over the next 2-4 years."

Nutroganics also announces that it expects its revenue will exceed $4 million for the second half of 2014. The Company forecasts that it will be EBITDA positive, starting in November 2014 and net income positive by February 2015. These forecasts assume continuation of current positive trends and a stable economic environment.

Full results will be submitted to www.otcmarkets.com on or before August 15.

For more information, contact David Sackler at dsackler@nutroganics.com or at (516)-513-5113, www.nutroganics.com.

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.

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.

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