Reliv' International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 10, 2018 at 12:00 pm
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Reliv International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, net sales were $8,459,741 against $10,006,628 a year ago. Loss from operations was $939,531 against $508,457 a year ago. Loss before income taxes was $954,954 against $497,665 a year ago. Net loss was $977,954 against $519,665 a year ago. Loss per common share basic and diluted was $0.53 against $0.28 per share a year ago.
For six months, the company reported net sales were $18,462,980 against $22,784,410 a year ago. Loss from operations was $1,163,674 against profit of $8,968 a year ago. Loss before income taxes was $1,176,259 against profit of $53,128 a year ago. Net loss was $1,216,259 against profit of $4,128 a year ago. Loss per common share basic and diluted was $0.66 against $0.00 per share a year ago. The company cash and cash equivalents of $2.8 million as of June 30, 2018, compared to $3.3 million as of December 31, 2017. Net cash used in operating activities was $256,000 in the first six months of 2018.
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.