NetworkNewsBreaks – Youngevity International Inc
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Posted On: 08/14/2019 3:59:44 PM
NetworkNewsBreaks – Youngevity International Inc. (NASDAQ: YGYI) Reports 2019 Q2 and Six Months Results, 21.2% Increase of Second Quarter Revenues
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.”
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 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.”
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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