Reliv' International, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2018
May 11, 2018 at 04:30 pm IST
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Reliv' International, Inc. reported earnings results for the first quarter ended March 31, 2018. The company noted net sales of $10.0 million compared with net sales of $12.8 million a year ago. Net loss of $238,000 or earnings per diluted share of $0.18 compared to $524,000 or loss per diluted share of $0.28 per share a year ago. The loss from operations for the first quarter of 2018 was $224,000 compared to income from operations of $517,000 in the same period in 2017. Results from operations were primarily impacted by the decline in net sales and gross margin, partially offset by a reduction in selling, general and administrative expenses in the quarter. Loss before tax of $221,305 compared to income before tax of $523,793 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.