NTFU financial results for its fiscal 2018 second quarter ended June 30th 2018; the Company posted quarterly revenue of $1,085,411
Coconut Creek, FL, Aug. 15, 2018 (GLOBE NEWSWIRE) -- NutraFuels Inc. (“NutraFuels” or “NTFU”), (OTC Markets OTCQB: NTFU), today announced financial results for its fiscal 2018 second quarter ended June 30th 2018. The Company posted quarterly revenue of $1,085,411 and quarterly loss per diluted share of ($0.00). These results compare to revenue of $144,759 and loss per diluted share of ($0.14) in the same quarter of last year.
For the Six Months Ended June 30th 2018
- Q2 2018 Sales are up 379.2% over Q2 2017. ($1,808,316 compared to $377,398).
- Q2 2018 Gross Margin is up 1,047.3% over Q2 2017. ($1,080,039 compared to $94,139).
- Q2 2018 G&A is up 26.7% from Q2 2017 ($642,225 compared to $506,809).
- Q2 2018 Loss from Operations is down 92.7% from Q2 2017. ($(822,226) compared to $(11,334,610).
- Q2 2018 Net Loss is down 94.3% from Q2 2017 ($(837,108) compared to $(14,674,965).
For the Three Months Ended June 30th 2018
- Q2 2018 Sales are up 649.8% over Q2 2017. ($1,085,411 compared to $144,759).
- Q2 2018 Gross Margin is up 16,876.2% over Q2 2017. ($712,819 compared to $(4,249).
- Q2 2018 G&A is up 49.2% from Q2 2017 ($321,164 compared to $215,288).
- Q2 2018 Loss from Operations is down 97.8% from Q2 2017. ($(222,265) compared to $(10,180,452).
- Q2 2018 Net Loss is down 97.8% from Q2 2017 ($(222,656) compared to $(10,181,077).
2018 year to date cash used by operations increased 153.7% from 2017 year to date.
2018 year to date cash provided by financing activities decreased 100% from 2017 year to date.
The sale of stock decreased $1,199,500 or 100% for the six months ended June 30th 2018 compared to the six months ended June 30th 2017.
Receivables are up from $104,140 on June 30, 2017 to $134,886 on June 30th 2017.
Debt as of June 30th 2018 is zero.
The six-month loss includes common stock issued in exchange for services valued at $731,187.
“We are pleased to report our 2nd quarter 2018 financial results which continue to improve year over year and quarter after quarter,” said Edgar Ward, NutraFuels CEO. “Our business and product lines have expanded; our customer base is growing, and our profit margins are increasing. The outlook for the company’s future is very promising as we look forward to expansion and further brand development and distribution.”
About NutraFuels, Inc.
Founded in 2009, NutraFuels, Inc. manufactures and distributes unique dietary supplements known as nutraceuticals. Products are sold directly to consumers, as well as through retail and wholesale outlets. NutraFuels products are formulated to cater to the daily health needs of men and women, and feature revolutionary nutrient delivery systems, such as oral sprays, tincture droppers, blast caps and nutritional drinking straws. These methods are approved for pharmaceutical and nutraceutical use, and have been hailed for their convenience and precision.
http://www.nutrafuels.com/investors.php
Safe Harbor
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of NutraFuels, Inc statements relating to goals, plans and projections regarding the NutraFuels’ financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think”, “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. NutraFuels cautions readers not to place undue reliance on such statements. NutraFuels does not undertake, and NutraFuels specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from NutraFuels’ expectations and estimates.
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