In its most recent earnings statement, the Coconut Creek, FL-based company seems to be turning the corner in its development process. It notched $1.1 million in revenue in its Q2 2018 earnings report. It achieved these results while at the same time shaving losses from operations to a fraction of a cent per share. That compares to revenue of $145,000 and a loss of 14 cents a share for the same period a year previously.
For the first six months of its fiscal 2018, the company recorded $1.8 million in revenue, which was a 380% increase over the same period a year previously. The company lost $822,000 for the first six months of 2018, compared to a loss of $11.3 million for the same period in 2017.
Hitched to oral spray, CBD wagons
NutraFuels markets a variety of products that feature alternative nutrient delivery systems, which it says include oral sprays, tincture droppers, blast caps and nutritional drinking straws. The company says its sells its products directly to consumers, as well as through retail and wholesale outlets.
While serving a market looking for alternatives to pills and capsules, NutraFuels steps to the edge of the envelope of what is normally considered as acceptable delivery modes for supplements. Oral sprays in particular, as they seem to be intended for absorption through the mucosal membranes and not primarily through the GI tract, seem to straddle that line.
Nevertheless, NutraFuels maintains that, “These methods are approved for pharmaceutical and nutraceutical use, and have been hailed for their convenience and precision.”
NutraFuels plays in a variety of areas. It markets oral spray products in condition specific categories such as health7 energy, sleep support, beauty from within and weight management. Its products feature ingredients such as melatonin, Garcinia cambogia, MSM and collagen.
The company has also delved into the CBD realm with a line of sprays that pair cannabidiol with other ingredients and a tincture aimed at pets.
“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.”