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Youngevity International swings to loss in Q1

Youngevity International Inc. said its normalized net income for the first quarter came to a loss of 3 cents per share, compared with 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $500,000, compared with income of $361,250 in the year-earlier period.

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

Total revenue rose 39.4% year over year to $36.8 million from $26.4 million, and total operating expenses climbed 43.2% from the prior-year period to $36.4 million from $25.4 million.

Reported net income came to a loss of $372,000, or a loss of 2 cents per share, compared to income of $423,000, or 2 cents per share, in the prior-year period.