Fresh Healthy Vending International, Inc. Reports First Quarter Fiscal 2015 Results

SAN DIEGO--(BUSINESS WIRE)--Fresh Healthy Vending International, Inc. (OTC Markets: VEND), North America’s leading healthy vending franchisor announced financial results for the quarter ending on September 30, 2014.

• Q1 fiscal 2015 revenue of $1,854,867, down 8.3% year-over-year.
• Q1 fiscal 2015 bookings of 216 machines compared to 91 machines in the comparable period of the prior year, representing an increase of 137%.
• Customer deposits and deferred revenue of $5,803,265 at September 30, 2014 as compared to $2,934,375 at September 30, 2013. This represents an increase of 98% year-over year. Customer deposits and deferred revenue represents anticipated future revenue through franchisee prepayments.

“Although our first fiscal quarter revenue was down 8.3% over the same period in the prior year, we are encouraged by the strong execution in bookings of 216 machines this fiscal quarter vs. 91 machines in the same period last year. Furthermore, we saw a significant increase in customer deposits and deferred revenue to $5,803,265 at September 30, 2014, compared to $2,934,375 at September 30, 2013,” said Art Budman, CEO of Fresh Healthy Vending International, Inc. Full report.