Youngevity International (NASDAQ: YGYI), a leading
multi-channel lifestyle company operating in three distinct business segments,
this morning reported financial results for the second quarter and six months
ended June 30, 2019. Per the update, the company’s revenues for second quarter
were $53.7 million compared to $44.3 million in the prior year, reflecting an
increase of 21.2 percent. In addition, Youngevity’s gross profit for the second
quarter improved to $25.9 million from $25.4 million in the prior year, and net
loss improved to ($47,000) in the second quarter from ($614,000) in the prior
year. “We are pleased with our quarter over quarter revenue growth and we are
encouraged by the increase in gross profits and in Adjusted EBITDA over Q2
2018,” Steve Wallach, chairman and CEO of Youngevity International stated in
the news release. “We are making progress toward stabilizing revenues in our
direct selling segment and this combined with strong revenue delivered by our
commercial coffee segment has provided our second consecutive quarter of Q over
Q growth.”
To view the full press release, visit http://ibn.fm/lsUvQ
About Youngevity International Inc.
Youngevity International Inc. is a multi-channel lifestyle
company operating in three distinct business segments, including a commercial
coffee enterprise, a commercial hemp enterprise and a multi-vertical omni
direct selling enterprise. The company features a multi country selling network
and has assembled a virtual Main Street of products and services under one
corporate entity; YGYI offers products from the six top-selling retail
categories, including health/nutrition, home/family, food/beverage (including
coffee), spa/beauty, apparel/jewelry and innovative services. For more
information, visit the company’s website at www.YGYI.com.
NOTE TO INVESTORS: The latest news and updates
relating to YGYI are available in the company’s newsroom at http://ibn.fm/YGYI
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