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 second quarter and six months ended June 30, 2015.
Second Quarter 2015 Highlights:
Revenues increased 18.4% over the prior year period to $38.7 million;
Gross Profit increased 25.7% to $23.8 million compared to the prior year period;
Operating Income increased 84.3% to $2.3 million compared to the prior year period;
A non-cash expense of $2.2 million was recorded in other expense due to change in fair value of warrant derivative liability;
Adjusted EBITDA increased 63.3% to $3.3 million compared to the prior year period and 151% over the prior quarter.
“We are excited to report record revenue and record adjusted EBITDA for the second quarter