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.