SAN DIEGO, Aug. 14, 2018 /PRNewswire/ -- Youngevity International, Inc., a leading omni-direct lifestyle company, reported financial results for the second quarter and six months ended June 30, 2018.
Steve Wallach, CEO and Co-Founder of Youngevity stated, "We are encouraged to see our revenue and adjusted EBITDA bounce back from the levels achieved last year. A 6.6% revenue increase and over a $1.3 million improvement in operating income comparing the same quarter 2017 to 2018 is a step in the right direction. I am most encouraged by the contribution coming from our global expansion which contributed over 17% of our direct selling revenue."
Youngevity President and CFO, Dave Briskie stated, "We believe eclipsing $3.7 million in adjusted EBITDA at the half way point of 2018 is a significant improvement over last year. Directing our efforts toward revenue growth, improved profitability for the remainder of this year and combining this initiative with the $250 million, 5 year coffee contract announced just two weeks ago should have us well positioned for 2019."