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Totally Green Reports Second Quarter 2013 Results


August 30, 2013 - Toronto, ON

Totally Green Inc. (PINKSHEETS: TLGN) ("TG" or the "Company"), an innovator in organic food waste processing and diversion, reported results for the quarter ended June 30th, 2013.

Total revenue was $161,519 for the quarter ended June 30, 2013, compared to $289,270 for the quarter ended June 30, 2012. ORCA service fees were $78,920 for the second quarter, compared to $54,855 in the first quarter.

Q2 2013 Operational Highlights

The quarter was busy with install activity, as we installed 22 new ORCA machines on the Service as a Solution model.

Although primary focus has remained on the Toronto market, we feel the timing was right for further expansion, and we successfully launched operations in a major U.S. market in June. Initial results look promising, and we are confident that this business model will be replicable in many other markets.

Management Commentary

"I am pleased with the performance this quarter, and I'm particularly pleased with our initial results in the U.S." said Shawn Dym, CEO of Totally Green. "We expect our U.S. entry to start contributing more significantly to new ORCA machine placements later this year. We also hope to launch in one or two more large U.S. market before the end of the year, which will primarily start to contribute to ORCA placements in 2014."

"We continue to see the effectiveness of the new operating model, with ORCA service fees up nearly 45% over last quarter. The continued strengthening of this recurring revenue will add long term value to the business."

About Totally Green
Totally Green, Inc. develops and markets the company's ORCA Green™ Machine. The ORCA (Organic Refuse Conversion Alternative) machine 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. The machine creates meaningful cost savings for customers while diverting food waste from landfills and reducing methane gas production. For more information, please visit www.totallygreen.com.

Important Cautions Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, the uncertainty of market trends, the competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.




Totally Green, Inc.
Consolidated statement of operations
(In US dollars)
----------------------------
Three months ended June 30,
2013 2012
(unaudited) (unaudited)
------------- -------------
$ $

Sales 82,599 253,925
Service fees 78,920 2,000
Other - 33,345
------------- -------------
Gross sales 161,519 289,270
Cost of goods sold 82,888 143,620
------------- -------------
Gross profit 78,631 145,650
------------- -------------

Operating expenses
Selling and marketing 73,633 18,382
General and administrative 473,555 311,135
Amortization and depreciation 22,747 153,181
Foreign exchange gain (5,384) -
Interest expense 12,282 22,896
------------- -------------
576,833 505,594
------------- -------------

------------- -------------
Net loss (498,202) (359,944)
============= =============




Totally Green, Inc.
Consolidated balance sheet
(In US dollars)
------------ ------------
June 30, December 31,
2013 2012
(unaudited) (audited)
------------ ------------
$ $

Assets
Current assets
Cash and cash equivalents 3,078,758 733,411
Trade receivables, net 115,119 60,723
Inventory 9,290 16,894
Temporary investments - restricted 55,000 25,000
Other receivables 79,534 4,754
Prepaid expenses and other current assets 30,984 16,166
Share subscription receivable 1,400,000 -
------------ ------------
4,768,685 856,948

Property and equipment 1,219,920 426,204
------------ ------------
5,988,605 1,283,152
============ ============

Liabilities
Current liabilities
Trade payables and other accrued liabilities 360,837 167,740
Current portion of loans payable 150,661 -
Deferred revenue 9,600 -
Other liabilities 46,281 40,817
------------ ------------
567,379 208,557
Loans payable 139,066 -
------------ ------------
706,445 208,557
------------ ------------


Stockholders' equity
Common stock 20,888 13,825
Preferred stock
Series C 100 50
Series E 12 12
Series F 7 7
Additional paid-in capital
Common stock 6,801,570 6,308,633
Preferred stock - Series C 8,999,900 4,499,950
Preferred stock - Series E 700,603 700,603
Preferred stock - Series F 233,535 233,535
------------ ------------
16,756,615 11,756,615
Accumulated deficit (11,474,455) (10,682,020)
------------ ------------
5,282,160 1,074,595
------------ ------------
5,988,605 1,283,152
============ ============


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Shawn Dym
Chief Executive Officer
Totally Green, Inc.
Tel 416-221-9066

MarketWire

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