Reliv' International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2017
May 20, 2017 at 04:44 am EDT
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Reliv' International, Inc. reported earnings results for the first quarter ended March 31, 2017. The company noted net sales of $12.8 million for the first quarter of 2017 compared with
net sales of $13.0 million. Net income for the first quarter of 2017 of $524,000 or earnings per diluted share of $0.28 compared to a net loss of $44,000 or loss per diluted share of $0.02 in the first quarter of 2016. The loss per diluted share for the first quarter of 2016 has been adjusted for the one-for-seven reverse stock split that took effect on October 4, 2016. Income from operations for the first quarter of 2017 was $517,000 compared to a loss from operations of $181,000 in the same period in 2016. Income from operations improved primarily due to the result of a reduction in selling, general and administrative (SGA) expenses which decreased from $5.6 million in the first quarter of 2016 to $4.9 million in the first quarter of 2017. Net cash generated from operating activities was $530,000 in the
first quarter of 2017.
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.