Youngevity International Inc., a Chula Vista-based global direct marketer for nutritional and lifestyle products and producer of gourmet coffees, increased its third quarter revenue 9.9 percent from the like quarter of the previous year to $41.3 million.
The company attributed this uptick to success of key products. Steve Wallach, CEO of the company, also attributed the success to new CFO David Briskie’s appointment to president. Bill Andreoli, the former president, resigned, and Youngevity announced a new management team Nov. 2.
Net income was $416,000 for the three months ended Sept. 30, 2015, compared with $185,000 for the same time last year.
Total operating expenses were higher this year with almost $24 million, an increase of 21.5 percent. For the three months ending Sept. 30 last year, the total operating expenses were $19.7 million.
Youngevity trades on OTCQX under the stock symbol YGYI.