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Inergetics: 2014 Second Quarter Earnings Announcement
Date:8/14/2014

NEWARK, N.J., Aug. 14, 2014 /PRNewswire/ -- Inergetics, Inc. (OTCBB: NRTI), a leading developer of a diverse range of best-in-class nutraceuticals, today filed its 10Q for the second quarter ending June 30, 2014.

  • Total revenues generated from the sales of Martha Stewart™ Essentials, Surgex® Sports Nutrition, Bikini Ready®, SlimTrim™, and Private Label product lines for the quarter ended June 30, 2014 totaled $523,615, an increase of 685% from the quarter ended June 30, 2013 which totaled $66,667.
  • Gross profit for the quarter amounted to $213,178 for a 41% gross margin. Gross profit increased $196,986 or 1,217% for the quarter ended June 30, 2014 compared to $16,192 for the quarter ended June 30, 2013.
  • After research and development cost and selling, general and administrative expenses of $1,564,032, an operating loss of $1,350,854 was realized for the quarter. Operating losses increased $500,259 compared to the first quarter of 2013. The majority of the increase was due to the increase in royalty payments and promotion and marketing costs to support the retail launch of certain products.
  • The net result for the quarter was a loss of $1,564,212 or $0.02 per share, including a preferred dividend on the Series G stock in the amount of $321,525, compared to a loss of $1,234,697 or $0.02 per share for the second quarter of 2013. The net loss increased by $329,515 compared to the second quarter of 2013, primarily due to an increase in selling, general and administrative expenses associated with the expansion of the company's product lines as well as increased interest expense associated with additional debt outstanding.

"Inergetics continues to mark significant progress in building a world-class nutraceuticals company whose innovative products address a range of consumer needs," said Mike James'/>"/>

SOURCE Inergetics, Inc.
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