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Youngevity International swings to profit in Q1


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Youngevity International swings to profit in Q1

Youngevity International Inc. said its normalized net income for the first quarter came to $198,750, compared with a loss of $500,000 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.5% from negative 1.4% in the year-earlier period.

Total revenue rose on an annual basis to $38.2 million from $36.8 million, and total operating expenses climbed from the prior-year period to $37.4 million from $36.4 million.

Reported net income totaled $148,000, or 1 cents per share, compared to a loss of $372,000, or a loss of 2 cents per share, in the prior-year period.