Reliv International, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 11, 2016 at 07:00 am EST
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Reliv International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net sales of $10,785,415 compared to $12,194,453 a year ago. Profit from operations was $33,686 compared to loss from operations of $377,350 a year ago. The impact to operations from the decrease in Net Sales were offset by a reduction in selling, general and administrative expenses ("SGA"). Income before income taxes was $72,478 compared to loss before income taxes of $458,001 a year ago. Net income was $134,478 or $0.07 basic and diluted per share compared to net loss of $289,001 or $0.16 basic and diluted per share a year ago.
For the nine months, the company reported net sales of $34,875,187 compared to $39,474,167 a year ago. Loss from operations was $1,087,393 compared to $1,065,605 a year ago. Loss before income taxes was $862,346 compared to $1,291,550 a year ago. Net loss was $897,346 or $0.49 basic and diluted per share compared to $1,018,550 or $0.55 basic and diluted per share a year ago. Net cash generated from operating activities was $763,000 compared to $1,100,000 of cash used in operations in the prior-year.
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.