Youngevity International, Inc.(NASDAQ:YGYI), a leading omni-direct lifestyle company, today reported financial results for the fourth quarter and full year ended December 31, 2017.
Steve Wallach, Chairman and CEO of Youngevity International stated, “We are encouraged by the revenue growth experienced in Q4 and we are optimistic that this growth will continue into 2018. We made a considerable investment in our global infrastructure over the last several years including 2017 and we believe that we are just beginning to see this investment producing revenues.”
Dave Briskie, President and CFO of Youngevity International stated, “Organic growth, which had been a challenge for us during the first three quarters of 2017 seemed to bounce back in Q4. We expect Q1 to display continued progress. With our coffee segment revenue up considerably and international markets showing 28.9% revenue increases over 2016, we intend to set our sights on delivering profitability and improvement to our balance sheet. This will be a main focus of 2018.”
Fourth Quarter 2017 Results
Revenues for the fourth quarter ended December 31, 2017 increased 6.9% to $41,041,000 as compared to $38,403,000 for the fourth quarter ended December 31, 2016. We derived approximately 87% of our revenue from our direct sales and approximately 13% of our