Youngevity Q1 2015 Revenues Increase To $36.8 million

 

Youngevity International, Inc. (OTCQX: YGYI) a global direct marketer of nutritional and lifestyle products and also a vertically-integrated producer of gourmet coffees for the commercial, retail and direct sales channels, today reported financial results for the first quarter ended March 31, 2015.
 

First Quarter 2015 Highlights:

• Net Revenue increased 39.4% over the prior year period to $36.8 million;
• Gross Profit increased 28.1% to $20.3 million compared to the prior year period;
• Adjusted EBITDA was $1.3 million, compared to $1.7 million in the prior year period;
• Held annual convention with record attendance;
• Entered into two acquisitions during the first quarter.

“In the first quarter, we remained focused on accelerating our revenue via targeted acquisitions, strengthening our geographic expansion, and steady organic growth in both our direct selling and coffee business segments,” stated Steve Wallach, Chief Executive Officer of Youngevity International. “Our annual convention was a historic event and it was a chance to celebrate our achievements and recognize and appreciate the loyal support and hard work of the talented people that are driving our growth. We are very excited about the opportunities ahead of us and believe that we are well positioned to deliver long-term shareholder value.”

“Our direct selling segment revenue grew 31% in the first quarter and our commercial coffee segment revenue grew 128% compared to the prior year period,” said Dave Briskie, Chief Financial Officer of Youngevity International.

Outlook:

We anticipate continued growth in 2015 in both segments of our business. We have implemented margin improvement measures that should provide improved profitability in the direct selling segment. We believe we can accelerate our acquisition strategy as we continue to experience positive results from all of our business integrations. We anticipate more significant contributions from our investment in global expansion and expect these contributions to positively impact our bottom line.

We anticipate our coffee segment to contribute to both top line and bottom line performance via benefits derived from higher margin revenue streams from our first harvest in Nicaragua, the launch of a new food service division, and from the shipment of single serve coffee to various tiers of distribution which will begin the end May.

About Youngevity International

Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com) is a fast-growing, innovative, multi-dimensional company that offers a wide range of consumer products and services, primarily through person-to-person selling relationships that comprise a network of networks. The Company also is a vertically-integrated producer of the finest coffees for the commercial, retail and direct sales channels. The Company was formed after the merger of Youngevity Essential Life Sciences (www.youngevity.com) and Javalution Coffee Company in the summer of 2011. The Company was formerly known as AL International, Inc. and changed its name to Youngevity International, Inc. in July 2013.