Totally Green reported results for the full year ended December 31, 2014.
In a release on April 1, the Company reported that total revenue was $1,384,788 for the year ended December 31, 2014, compared to $879,997 for the year ended December 31, 2013. ORCA service fees increased from $452,103 in Fiscal 2013 to $961,128 for Fiscal 2014. The Company also reported a gross profit of $444,904 in Fiscal 2014 compared to $297,985 in Fiscal 2013.
2014 Operational Highlights
2014 represented a significant step forward for the Company which saw considerable activity during the year, and resulted in the Company expanding its reach by entering new markets in the United States. The Company has further penetrated the grocery market, and has installed ORCA machines for several large national chains, at a number of their locations.
"2014 represented a strong year as we continue to grow and build out the ORCA offering across selected markets in Canada and the United States" said Shawn Dym, CEO of Totally Green. "We've recently gone through a brand overhaul and refocused our sales channels to ensure that we're able to continue our focused growth and believe that these changes will continue to position us as a leader in onsite food waste disposal."
Totally Green develops and markets the Corp.'s ORCA Green Machine, a machine that allows for rapid composting of most organic material in institutional and commercial end-user applications, after which the liquid compost is disposed of through the ordinary sewer system.
((Comments on this story may be sent to email@example.com))
(c) 2015 ProQuest Information and Learning Company; All Rights Reserved., source Newspapers