JRjr33, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
October 19, 2017 at 02:14 am
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JRjr33, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, gross revenue was approximately $37.7 million compared to approximately $46.6 million a year ago, a decrease of $8.9 million or 23.7%. Gross profit was approximately $18.4 million compared to $25.8 million in the previous year. Adjusted free cash flow was $2.35 million.
For the year, the company reported revenue of $144,245,000 compared to $138,352,000 a year ago. Net revenues were $119,923,000 compared to $116,557,000 a year ago. Operating loss was $30,327,000 compared to $19,756,000 a year ago. Loss from operations before income tax provision was $34,487,000 compared to $18,530,000 a year ago. Net loss attributable to the company was $30,959,000 or $0.85 per basic and diluted share compared to $13,096,000 or $0.39 per basic and diluted share a year ago. Adjusted LBITDA was $12,353,000 compared to $4,304,000 a year ago.
JRjr33, Inc. (JRJR), formerly CVSL Inc., offers a platform of direct-to-consumer brands. The Company operates through the segments, which include Gourmet Food, Nutritional and Wellness, Home Decor, Publishing and Printing, and Other. The Gourmet Food Products segment consists of operations related to the production and sale of hand-crafted spices, oils and other food products from around the world. The Home Decor segment consists of operations related to the production and sale of premium hand-crafted baskets, and the selling of products for the home, including pottery, cleaning, health, beauty, home, outdoor and customizable vinyl expressions for display. The Nutritionals and Wellness segment consists of operations related to the selling of nutritional supplements and skin care products. The Publishing and Printing Segment consists of the operations of Happenings Communications Group, Inc. and Paperly, Inc. The Other Segment consists of the operations of Tomboy Tools, Inc.