Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), 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 full year ended December 31, 2015.
2015 Full Year Highlights:
Net Revenues increased 16.8% over the prior year to $156.6 million.
Gross Profit increased 21.8% to $92.9 million compared to the prior year.
Operating Income increased 60.5% to $5.4 million compared to the prior year.
Net loss was $1.7 million compared to net profit of $5.4 million in the prior year, primarily due to changes in the valuation of net deferred taxes in 2014 and the impact of approximately $7.5 million of Non-Cash Expenses in 2015.
Adjusted EBITDA increased 39.9% to $9.2 million compared to the prior year.
“2015 was a year