Youngevity International, Inc. , 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 third quarter and nine months ended September 30, 2015.
Third Quarter 2015 Highlights:
Revenues increased 9.9% over the prior year period to $41.3 million;
Gross Profit increased 19.3% to $25 million compared to the prior year period;
A non-cash benefit of $1.1 million was recorded due to change in fair value of warrant derivative liability;
Adjusted EBITDA remained approximately the same compared to the prior year period
“We are excited to report another quarter of record revenue as we continue to see strong demand for our products and ongoing consumer growth in the United States and beyond,” stated Steve Wallach, Chief Executive Officer