Reliv' International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 07:00 am
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Reliv' International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 8.668 million compared to USD 9.148 million a year ago. Operating loss was USD 167,104 compared to USD 84,591 a year ago. Net loss was USD 124,715 compared to USD 165,857 a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.09 a year ago. For the nine months, total revenue was USD 26.967 million compared to USD 26.895 million a year ago. Operating income was USD 77,471 compared to operating loss of USD 251,934 a year ago. Net income was USD 338,564 compared to USD 69,682 a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.19 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.