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 of 2014.
2014 Second Quarter Highlights:
Net revenue increased 56.6% to $32.7 million compared to $20.9 million for the second quarter of 2013.
Gross profit increased 49.2% to $18.9 million compared to $12.7 million in the same period last year.
Operating Income was $1.2 million, an increase of 14.9% over the prior year period.
Adjusted EBITDA increased 17.5% to $2.0 million for the three months ended June 30, 2014 compared to $1.7 million in the same period for the prior year.
“Our quarterly results demonstrate the strength of our unique business model and we are very pleased to report record revenue,” stated Steve Wallach, Chairman and CEO of Youngevity International. “In the second quarter, we capitalized on strategic opportunities for our Company and we remain well positioned for long-term growth in the United States and globally.”
Dave Briskie, CFO of Youngevity International, said “We are very pleased to deliver record revenue and our eighth straight quarter of profitability. As in the first quarter, Q2 numbers carried a significant expense load related