NetworkNewsBreaks – Youngevity International Inc
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Posted On: 04/16/2019 4:26:28 PM
NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Posts Q4, Full Year 2018 Financial Results
Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, this morning announced financial results for the fourth quarter and full year ended December 31, 2018. Among other highlights, the company reported full year revenues of $162.4 million; full year adjusted EBITDA of $7 million, up from negative $549,000 in 2017; and full year operating loss of $2.6 million, a 55% improvement from $5.9 million in the prior year. “We are encouraged by the improvement in our gross margins and the significant turnaround in Adjusted EBITDA over 2017. We are seeing revenue stabilization in the direct selling segment and we anticipate a return to revenue growth in 2019. This is expected to be primarily driven by our commercial coffee segment and our new commercial hemp reporting segment. We are providing annual revenue guidance for 2019 in the range of $220 million and $240 million which represents a projected annual growth rate between 35% and 48% over 2018. This revenue guidance includes estimated annual revenue contribution from our new reporting commercial hemp segment between $45 Million and $50 Million for 2019,” Youngevity International Chairman and CEO Steve Wallach stated in the news release.
Youngevity will be hosting a conference call to discuss its financial results, highlights and business outlook today at 1:00 PM ET. To attend the call, visit http://nnw.fm/bz8Uw or dial 206-402-0100 and enter 634174# prior to the start of the call. International and alternative numbers are available at http://nnw.fm/S90cf.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Youngevity International (NASDAQ: YGYI), a leading omni-direct lifestyle company, this morning announced financial results for the fourth quarter and full year ended December 31, 2018. Among other highlights, the company reported full year revenues of $162.4 million; full year adjusted EBITDA of $7 million, up from negative $549,000 in 2017; and full year operating loss of $2.6 million, a 55% improvement from $5.9 million in the prior year. “We are encouraged by the improvement in our gross margins and the significant turnaround in Adjusted EBITDA over 2017. We are seeing revenue stabilization in the direct selling segment and we anticipate a return to revenue growth in 2019. This is expected to be primarily driven by our commercial coffee segment and our new commercial hemp reporting segment. We are providing annual revenue guidance for 2019 in the range of $220 million and $240 million which represents a projected annual growth rate between 35% and 48% over 2018. This revenue guidance includes estimated annual revenue contribution from our new reporting commercial hemp segment between $45 Million and $50 Million for 2019,” Youngevity International Chairman and CEO Steve Wallach stated in the news release.
Youngevity will be hosting a conference call to discuss its financial results, highlights and business outlook today at 1:00 PM ET. To attend the call, visit http://nnw.fm/bz8Uw or dial 206-402-0100 and enter 634174# prior to the start of the call. International and alternative numbers are available at http://nnw.fm/S90cf.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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