Rereliv' International, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 10, 2017 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, 2017. For the quarter, the company reported net sales of $9,069,323 against $10,785,415 a year ago. Loss from operations was $333,618 against income of $33,686 a year ago. Loss before income taxes was $340,103 against income of $72,478 a year ago. Net loss was $319,103 or $0.17 per basic and diluted share against income of $134,478 or $0.07 per basic and diluted share a year ago. The impact to operations from the decrease in third quarter 2017 Net Sales were partially offset by a reduction in selling, general and administrative expenses.
For the nine months, the company reported net sales of $31,853,733 against $34,875,187 a year ago. Loss from operations was $324,650 against $1,087,393 a year ago. Loss before income taxes was $286,975 against $862,346 a year ago. Net loss was $314,975 or $0.17 per basic and diluted share against $897,346 or $0.49 per basic and diluted share a year ago.
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.