Reliv' International, Inc. Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2017
March 27, 2018 at 04:30 pm IST
Share
Reliv' International, Inc. reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2017. For the quarter, the company’s net sales were $9,935,049 against $10,637,649 a year ago. Income from operations was $141,247 against $275,414 a year ago. Income before income tax was $135,063 against $246,291 a year ago. Net loss was $381,937 against income of $272,291 a year ago. Loss per common share – basic and diluted was $0.21 against income of $0.15 a year ago.
For the year, the company’s net sales were $41,788,782 against $45,512,836 a year ago. Loss from operations was $183,403 against $811,979 a year ago. Loss before income tax was $151,912 against $616,055 a year ago. Net loss was $696,912 against $625,055 a year ago. Loss per common share – basic and diluted was $0.38 against $0.34 a year ago. Net cash used in operating activities was $157,000 in 2017 compared to $1.5 million of cash generated from operations in the prior-year period.
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.