Youngevity
International (NASDAQ: YGYI), a multi-channel lifestyle company operating
in three distinct business segments including its newly acquired commercial
hemp enterprise, on Monday reported financial results for the three and nine
months ended September 30, 2019. The company reported that revenues for the
third quarter decreased 13% to $34,017,000 as compared to $39,082,000 during
the same period in 2018. The company also hosted a conference call on Monday to
discuss its financial results, quarterly and yearly highlights and business outlook.
A replay of the webcast will be available on the Investors section of the
company’s website. “We are not pleased with Q3′s performance, however, we are
confident that we made the appropriate moves in Q3 pivoting our commercial hemp
enterprise business model. The decision to expand Khrysos Industries into an
82,000 square foot, pharma grade, post processing facility has prolonged the
period of time we will operate our commercial hemp enterprise on a pre-revenue
basis, however, ultimately this decision is expected to accelerate our ability
to compete, scale, and grow profitable revenue as we close out 2019 and move
into 2020,” Youngevity International president and CFO Dave Briskie stated in
the news release.
To view the full press release, visit http://ibn.fm/b9WDq
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: 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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