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 first quarter ended March 31, 2016.
2016 First Quarter Highlights:
Net Revenues increased 3.8% over the prior year to $38.2 million
Gross Profit increased 15.2% to $23.4 million compared to the prior year
Operating Income increased 211.0% to $1,163,000 compared to the prior year
Adjusted EBITDA increased 72.8% to $2,236,000 compared to the prior year
Gross profit as a percentage of revenues increased to 61.2% compared to 55.1% in the prior year
“The first quarter of 2016 was one of the most active and exciting quarters in the Company’s history,” stated Steve Wallach, Chief Executive Officer of Youngevity International.
He added, “We were excited