Reliv' International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016 at 09:08 am EDT
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Reliv' International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, net sales were $11,053,322 against $12,445,351 a year ago. Loss from operations was $939,782 against $1,116,973 a year ago. Loss before income taxes was $868,164 against $1,097,996 a year ago. Net loss was $988,164 against $845,996 a year ago. Loss per common share – basic and diluted was $0.08 against $0.07 a year ago.
For six months, net sales were $24,089,772 against $27,279,714 a year ago. Loss from operations was $1,121,079 against $688,255 a year ago. Loss before income taxes was $934,824 against $833,549 a year ago. Net loss was $1,031,824 against $729,549 a year ago. Loss per common share – basic and diluted was $0.08 against $0.06 a year ago. Net cash generated from operating activities was $451,000 compared to $108,000 of cash used in operations in the prior-year period.
Reliv' International, Inc. is a developer and marketer of a line of nutritional supplements addressing basic nutrition, specific wellness needs, weight management and sports nutrition. The Company sells its products through an international network marketing system using independent distributors. The Company operates through a network marketing segment consisting of six operating units that sell nutritional and dietary products to a sales force of independent distributors that sell the products directly to customers. Its products include Reliv Now with Soy; FibRestore; Innergize! Go; LunaRich; ReversAge; Reliv Now for Kids; Arthaffect; ProVantage; SoySentials; CardioSentials; Reliv Defense; RLV Hemp Full Spectrum 750, and others. Its geographic region includes the United States, Australia/New Zealand, Canada, Mexico, Europe and Asia. Its subsidiaries include Reliv, Inc., Reliv World Corporation, Reliv Australia Pty, Limited, Reliv Now de Mexico, S. de R.L. de C.V. and others.