Youngevity International, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides Revenue Guidance for the Year 2018
For the year, the company reported revenues of $165,696,000 against $162,667,000 a year ago. Operating loss was $5,882,000 against operating income of $2,515,000 a year ago. Net loss before income taxes was $9,950,000 against $588,000 a year ago. Net loss was $12,677,000 or $0.68 per diluted share against $398,000 or $0.05 per diluted share a year ago. EBITDA was $173,000 against $7,748,000 a year ago. Adjusted LBITDA was $549,000 against adjusted EBITDA of $6,772,000 a year ago.
The company encouraged by the revenue growth experienced in fourth quarter of 2017 and the company optimistic that this growth will continue into 2018.