Youngevity International, Inc. (NASDAQ: YGYI ), a leading omni-direct lifestyle company, today reported financial results for the third quarter and nine months ended September 30, 2018.
Steve Wallach, CEO and Co-Founder of Youngevity stated,
“The third quarter’s revenue was negatively impacted by supply chain challenges experienced predominantly in our international markets and a policy change implemented by our finance company within the coffee segment, however, despite these challenges, our year to date numbers continue to improve over last year in key financial metrics including Revenue, Operating Income and Adjusted EBITDA.
Youngevity President and CFO, Dave Briskie stated,
“We are not satisfied with our sliding revenue for the third quarter, however we are pleased to see our margins as a percentage of revenue showing significant progress this quarter. We have been eliminating promotions that drive top line revenue at the expense of profits and we are seeing a positive trend toward our stated goal of improving operating profits and Adjusted EBITDA in 2018.
We intend to focus the balance of this year on improving our balance sheet, driving international growth, and positioning the coffee segment to execute its significant green coffee contract that we anticipate will greatly impact the performance of the coffee segment in 2019.”
THIRD QUARTER
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Direct Selling Industry Will Sell $300 Million Of Cannabidiol-related Products In 2018
by Ted Nuyten • • 0 Comments
Direct selling companies will sell $300 million worth of cannabidiol-related products in 2018, making direct selling the largest channel of distribution for the rapidly growing CBD product sector.
“Interest in cannabidiol, or CBD, is rapidly transforming the consumer product landscape,”
says Todd Eliason, publisher and editor in chief of Direct Selling News (DSN), which conducted the research.
“The trends also indicate that global direct selling sales of CBD products could exceed $1 billion by 2020. Established companies as well as a growing number of startups have begun announcing their entry into the market.”
CBD is one of the hundreds of cannabinoids found in the Cannabis sativa plant. The ingredient is being credited with a growing list of health benefits and, as a result, companies from virtually every consumable category, including beverages, dietary supplements, skin care and pet products, are actively exploring business in the market.
In its most recent study, Direct Selling News has identified at least 25 direct selling companies that already have entered the CBD space. These companies, sometimes referred to as network marketing companies, all opt to use a network of independent salespeople to sell their products, often on a person-to-person basis, rather than a more traditional retail channel of distribution.
They include, but are not
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Youngevity CEO, Steve Wallach, Appointed To Direct Selling Association Board Of Directors
by Ted Nuyten • • 0 Comments
YGYI, Inc. (YGYI), a leading omni-direct lifestyle company, has announced that its Chief Executive Officer, Steve Wallach, has been appointed to the Direct Selling Association (DSA) Board of Directors.
“I’m especially pleased that Steve Wallach has been elected to serve on the Direct Selling Association’s Board of Directors,”
said Joseph N. Mariano, President of the Direct Selling Association.
“We believe direct selling will play an increasingly dynamic role in the future of retailing, and the entrepreneurial spirit that enables Steve to empower Youngevity’s independent contractors in exciting new ways will be an asset to our board.”
The Direct Selling Association is a national trade association that represents the direct selling industry and advocates on behalf of its 200-plus member companies. Its board consists of 22 industry leaders who serve as officers and directors, as nominated and elected by their peers.
In addition to leading and directing the affairs of the association, board members are charged specifically with promoting the DSA code of ethics. Board leadership also carries government relations, education, and research responsibilities.
With nearly three decades of sales and network marketing experience, Steve Wallach has successfully guided Youngevity from a domestic seller to a worldwide marketer of products and services that support a healthy and empowered lifestyle.
“I’m extremely grateful for
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Youngevity Introduces New Products And Brands At 2018 Convention
by Ted Nuyten • • 0 Comments
Youngevity, Inc. (YGYI), a leading omni-direct lifestyle company, launched several highly anticipated new products at their 2018 Convention in San Diego, California, between Aug. 23 and 25.
Product launches included two new Youngevity product lines (Mineral Man and Hemp FX™) as well as additions to Saveur Natural Foods, Youngevity Essential Oils, Nature Direct and BeautiControl.
NEW HEMP FX™ PRODUCT LINE
Hemp FX™ includes three new hemp-derived cannabinoid oil products combined with exclusive Youngevity proprietary ingredients.
SAVEUR INTRODUCES TWO NEW BALSAMIC VINEGARS
Saveur Natural Foods adds two new balsamic vinegars to their offering – Spiced Fig, Maple & Pear and Strawberry, Mango & Apricot! These flavorful have been found to vinegars enhance roasted vegetables, salad dressings, deserts, marinades, and more. Visit Saveurrecipes.com.
NEW MINERAL MAN PRODUCT BUNDLE
Four new Mineral Man products (Scrub, Shave, Shield, and Style) are designed to deliver superior skin and hair care to the modern man using high quality, antioxidant-rich botanicals.
THREE NEW ESSENTIAL OILS + DIFFUSER KIT
Three new essential oil blends (Copaiba Plus, Big Smile, and Bounce Back) deliver exclusive aromatherapy support to specific areas of wellness. The new Enlighten Your Life’s Atmosphere kit contains essential oil blends that can be diffused in every room in your home for a true aromatherapy experience.
BEAUTICONTROL: ULTIMATE
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Youngevity To Enter The Hemp (CBD) Market
by Ted Nuyten • • 0 Comments
According to the latest data, the CBD market is experiencing meteoric growth.
In fact, the Hemp Business Journal estimates it will grow to $2.1 billion in consumer sales by 2020, with $450 million of those sales coming from hemp-based sources. That’s a 700% increase from 2016. Demand for CBD has also skyrocketed, which is due in large part to the wide variety of ways it can be used in products, ranging from cosmetics to food and beverage to health supplements.
Youngevity has taken a measured approach to entering the CBD market after ensuring that a credible amount of research had been conducted to support concrete health benefits.
Hemp (CBD) oil products also support the company’s belief in natural forms of nutrition and nutrients that address root causes of health issues and support relief of symptoms.
That belief, combined with the industry’s burgeoning popularity, aligns with Youngevity’s goal of enriching people’s lives through better health and better business opportunities.
According to Youngevity Chief Executive Officer, Steve Wallach:
“We firmly believe in plant-based nutrition, and hemp (CBD) oil perfectly complements our product development philosophy. Entering this market, which is growing almost exponentially, also should offer a tremendous advantage to our many Distributors around the world.”
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Youngevity Q1 Sales Up 11% To $43 Million
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (NASDAQ:YGYI), a leading omni-direct lifestyle company, today reported financial results for the first quarter ended March 31, 2018.
2018 First Quarter Highlights:
Revenues increased 11.0% over the prior year to $43.0 million
Gross Profit increased 14.4% to $25.0 million compared to the prior year
Adjusted EBITDA increased to $1.5 million compared to negative $1.2 million in the prior year
The Coffee Segment posted 39.9% revenue growth over prior year
Steve Wallach, Chairman and CEO of Youngevity stated, “We are pleased to see revenue growth for both segments in the first quarter. Our international markets are beginning to contribute more significantly to overall revenue lead by top line growth coming from Asia. We believe this overall growth is sustainable in the coming quarters.”
Dave Briskie, President and CFO of Youngevity said, “We have been focused on the fundamentals as we entered 2018. We feel we made significant progress by improving adjusted EBITDA and strengthening our balance sheet as well. The recent financing and debt conversion contributed significantly to the improvement in our Stockholders’ Equity and will help reduce borrowing costs in the coming quarters.”
FIRST QUARTER 2018 FINANCIAL RESULTS
Revenues increased 11.0% to $42,994,000 in the current period as compared to $38,733,000 for the same period last year. We
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Youngevity Announces Asia Convention Event Is Being Held In Malaysia
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today revealed that the Company has received indications that its sales convention to be held next month will be widely attended by distributors from 8 Asian countries including Hong Kong, Indonesia, Japan, Malaysia, Singapore, Philippines, Brunei, and Taiwan.
The event is being held at the Shangri-La Tanjung Resort in Kota Kinabalu, Malaysia beginning on May 18.
Steve Wallach, Youngevity CEO Stated,
“I am excited to attend this event and meet with leaders throughout Asia.
The primary purpose of this event is product and sales training. With participation coming from 8 different countries we anticipate this event will help us build momentum into the second half of 2018.”
Youngevity President and CFO, Dave Briskie, said,
“I am excited to be visiting all of our offices in Asia in just a few weeks, as well as attending our convention. Asia is our fastest growing international market.
It will be very gratifying to visit our teams all over the Pacific Rim and celebrate their success.”
About Youngevity International, Inc.
Youngevity International, Inc. (NASDAQ: YGYI), is a leading omni-direct lifestyle company – offering a hybrid of the direct selling business model, that also offers e-commerce and the power of social selling.
Assembling
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Youngevity Reports 2017 Q4 Revenue – Up 6.9% To $41 Million
by Nicole Dunkley • • 0 Comments
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
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Youngevity Completes Acquisition Of Viaviente
by Ted Nuyten • • 0 Comments
Youngevity International, Inc., a leading omni-direct lifestyle company, today announced the acquisition of ViaViente, distributors of The ViaViente Miracle, a highly-concentrated, energizing whole fruit puree blend that is rich in Anti-Oxidants and naturally-occurring vitamins and minerals.
ViaViente, was introduced to the public in 2003 following years of research that included studies of mineral rich waters whose source is found in the Andes Mountains and flow thru Vilcabamba, Ecuador, a region known for its high concentration of centenarians. In 2007 ViaViente became the first product in the market to receive the coveted Brunswick Labs ORAC Seal of Certification for its Anti-Oxidant content.
“ViaViente is a welcome addition to Youngevity’s family of products and embodies our philosophy that nutrition can change the way a person ages.”
Stated Dave Briskie, President and CFO of Youngevity International, Inc. “
Over the last two quarters, as our international footprint has begun to take hold, we sought to acquire companies whose distribution would be accretive to the integration of this international expansion.
Similar to our recent acquisition of Nature Direct in Australia, ViaViente certainly checked these and other boxes, since more than seventy-five per cent of their recent distribution is to Japan We feel very fortunate to be able
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Youngevity Completes Acquisition Of Nature Direct
by Ted Nuyten • • 0 Comments
Youngevity International, Inc. (NASDAQ: YGYI), a leading omni-direct lifestyle company, today announced the acquisition of Nature Direct, a manufacturer and distributor of essential-oil based nontoxic cleaning and care products for personal, home and professional use.
Nature Direct was formed in Australia in 2007 to create eco-friendly, effective and affordable home cleaning products using essential-oils. Since then the company has grown its product lines to include personal care and professional use nontoxic disinfectant products.
Until now, Nature Direct’s sales force has been located in and focused on the Australian market. As part of Youngevity International their products will now be made available throughout Youngevity’s social selling program that operates in seven (7) countries including New Zealand, Mexico, Columbia and the United States.
“Youngevity has been searching for a green alternative line of cleaning products that would be synergistic with our philosophy of offering products that are supportive of a healthy lifestyle for some time.
Nature Direct’s products embody those attributes we were seeking and are a welcome addition to our Youngevity family of products,”
stated Dave Briskie, President and CFO of Youngevity International.
“We are excited to join the Youngevity team and become a part of their innovative omni-direct platform as we bring with our clean