JRjr33, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2015; Provides Earnings Guidance for the Fourth Quarter of 2016
June 28, 2016 at 12:50 pm EDT
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JRjr33, Inc. reported consolidated earnings results for the year ended December 31, 2015. For the year, revenue was INR 138,352,000 against 108,811,000 for the same period prior year. Operating loss was INR 19,756,000 against operating loss of INR 20,134,000 for the same period prior year. Loss from operations before income tax provision was INR 18,530,000 against loss from operations before income tax provision of INR 22,836,000 for the same period prior year. Net loss was INR 18,879,000 against INR 23,665,000 for the same period prior year. Net loss attributable to the company was INR 13,096,000 against net loss attributable to the company of INR 19,073,000 for the same period prior year. Loss per common share attributable to the company, basic and diluted was INR 0.39 against INR 0.40 for the same period prior year.
The company expects that by fourth quarter, before subtracting M&A expenses, it will be generating cash operating EBITDA of 10%-12%.
JRjr33, Inc. (JRJR), formerly CVSL Inc., offers a platform of direct-to-consumer brands. The Company operates through the segments, which include Gourmet Food, Nutritional and Wellness, Home Decor, Publishing and Printing, and Other. The Gourmet Food Products segment consists of operations related to the production and sale of hand-crafted spices, oils and other food products from around the world. The Home Decor segment consists of operations related to the production and sale of premium hand-crafted baskets, and the selling of products for the home, including pottery, cleaning, health, beauty, home, outdoor and customizable vinyl expressions for display. The Nutritionals and Wellness segment consists of operations related to the selling of nutritional supplements and skin care products. The Publishing and Printing Segment consists of the operations of Happenings Communications Group, Inc. and Paperly, Inc. The Other Segment consists of the operations of Tomboy Tools, Inc.