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YGYI - Youngevity Q2 Call: What Investors Need To Know
Youngevity International Inc.
Youngevity (YGYI) hosted its Q2 conference call on August 14th. The company reported a net loss of just $47,000 for the quarter, a massive 92% better than the year prior. It is apparent that the strategy of direct selling, coffee, and hemp is beginning to pay off. Impressively, the Q2 numbers were barely impacted by the hemp business, which was just launching.
Adjusted EBITDA remains in positive territory and came in at $2,604,000 for the quarter ended June 30, 2019, compared to $2,203,000 in the same period a year ago. That is an