(YGYI) Reports Record Revenue of $41.3 Million for the Third Quarter 2015

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Youngevity International, Inc. (YGYI) Reports Record Revenue of $41.3 Million for the Third Quarter 2015

SAN DIEGO, CA–(Marketwired – Nov 16, 2015) – Youngevity International, Inc. (OTCQX: YGYI) (www.YGYI.com), 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 third quarter and nine months ended September 30, 2015.
Third Quarter 2015 Highlights:

  • Revenues increased 9.9% over the prior year period to $41.3 million;
  • Gross Profit increased 19.3% to $25 million compared to the prior year period;
  • A non-cash benefit of $1.1 million was recorded due to change in fair value of warrant derivative liability;
  • Adjusted EBITDA remained approximately the same compared to the prior year period

“We are excited to report another quarter of record revenue as we continue to see strong demand for our products and ongoing consumer growth in the United States and beyond,” stated Steve Wallach, Chief Executive Officer of Youngevity International. Mr. Wallach added, “During the third quarter, several key Youngevity products including our flagship Beyond Tangy Tangerine 2.0 earned a prestigious certification from NSF International, and our CLR Roaster’s Café La Rica Brand moved from number 7(seven) to 5 (five) for retail sales of espresso, surpassing major competitor brands, and CLR Roasters also signed a two year agreement to roast, grind, package and distribute coffee for Topco’s Full Circle Brand. In addition, we recently announced our Chief Financial Officer, David Briskie, was appointed to the additional role of President of Youngevity International, in recognition of his outstanding leadership and business acumen.”

“We are very pleased with our performance to date and we are on track for a year of record revenue. From an international perspective, we opened an office in Singapore, the gateway to the rest of Asia. The launch of the office has brought our products into this major market,” said David Briskie, Chief Financial Officer and President of Youngevity International.


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