Reliv' International, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
May 13, 2016 at 10:20 am
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Reliv' International, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales of $13,036,450 compared to $14,834,363,000 a year ago. The impact of the reduction in Net Sales were partially offset by a reduction in selling, general and administrative expenses. Loss from operations was $181,297 compared to income of $428,718,000 a year ago. Loss before income taxes was $66,660 compared to income of $264,447,000 a year ago. Net loss was $43,660 or $0.00 per basic and diluted share compared to income of $116,447,000 or $0.01 per basic and diluted share a year ago.
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.