Reliv' International, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 09, 2018 at 12:00 pm
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Reliv' International, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of $8,337,045 against $9,069,323 a year ago. Loss from operations was $532,064 against $333,618 a year ago. Loss before income taxes was $534,301 against $340,103 a year ago. Net loss was $542,301 or $0.29 per basic and diluted share against $319,103 or $0.17 per basic and diluted share a year ago. Results from operations were primarily impacted by the decline in net sales and gross margin, partially offset by a reduction in selling, general and administrative (“SGA”) expenses in the quarter.
For the nine months, the company reported net sales of $26,800,025 against $31,853,733 a year ago. Loss from operations was $1,695,738 against $324,650 a year ago. Loss before income taxes was $1,710,560 against $286,975 a year ago. Net loss was $1,758,560 or $0.95 per basic and diluted share against $314,975 or $0.17 per basic and diluted share a year ago. Net cash used in operating activities was $850,000 in the first nine 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.