CVSL Inc. [NYSE MKT: CVSL] today released results for the year ended December 31, 2014, its second year of operation as a federation of direct-to-consumer companies.
Revenue for 2014 increased by 28.2%, or $23.9 million, from $84.9 million the previous year to $108.8 million. CVSL’s gross profit increased by 47%, from $35.6 million to $52.4 million.
CVSL’s total stockholders’ equity was $8.9 million on December 31, 2014. On a pro forma basis, including the recently-closed offering of common stock on March 4, 2015, total stockholders’ equity would exceed $26 million. Total long-term debt has been reduced by 80%, down to $5.3 million. CVSL’s bank line of credit was approximately $9 million a year ago and is now fully paid off.
Reported operating loss for 2014 was $20.1 million. “While our company significantly increased its revenue and gross profit during the year, our bottom line results were affected by a range of expenses connected
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DubLi Reports EOY 2013 Results – Up Over 150%
by Tina Williams • • 0 Comments
Although a year behind in reporting, the results are positive.
End of year results for DubLi in 2012 had a gross income of $3.75 Million and showed an increase to $15.25 Million. Net income in 2012 showed in the red of $27 Million and end of year for 2013 showed a positive of $3.8 Million. Since the reporting is a year behind, this is reflective of the change from an auction site that DubLi launched as into an online shopping mall, which has clearly taken it into the positives.
Shares have remained relatively the same with a few ups and downs, but no significant changes.
Based on wide associate promotions in 2014, the estimate is that revenue will continue to show an increase, especially in North American sales. The forecast is promising for DubLi.
DubLi Inc through its subsidiaries, provides Cashback rewards and value-based travel, shopping, and entertainment portals to online customers, through DubLi.com, worldwide. The companys DubLi.com, which features various brand name stores and travel companies, enables consumers shop, find the deals, and then earn Cashback with each purchase. It also operates DubLi Network (Dublinetwork.com) that offers the entrepreneurs an opportunity to create their own distributor organizations.
DubLi Inc was at $0.125, showing