Ambit Energy once again has been named a leading retail electric provider, based on an annual customer satisfaction study by J.D. Power.
Youngevity International Inc. (YGYI—OTCQX) on Thursday said revenue rose 10 percent to a record $42.5 million in the second quarter, compared to $38.7 million in the same period last year.
Primerica (NYSE: PRI) beat analyst estimates with second quarter earnings growth of 8 percent on total revenue of $379.2 million, compared to the second quarter of 2015. Operating revenue jumped 7 percent to $375.8 million for the quarter.
The FDA is taking more aggressive steps to reign in some aspects of e-cigarette marketing in its finalized rule, including a ban on sales to minors, which takes effect today. The regulations also require health warnings in ads and on product packages, prohibits the distribution of free samples, and requires manufacturers to show that the products meet applicable public health standards before receiving authorization from the FDA. But e-cigarettes can continue to be on the market for three years while their manufacturers submit — and the FDA reviews — their new tobacco applications and the products are not bound by the same advertising restrictions that regular tobacco cigarettes must follow. Here’s some key issues to be aware of regarding the marketing of the products:
Unknown risks: While much of the marketing of e-cigarettes has centered around the claim that vaping products are a safer alternative to tobacco cigarettes, the jury is still out on that. In fact, California issued a health warning about their “toxicity” and advised residents not to smoke them. The FDA maintains that the risks associated with e-cigarettes have not been fully studied. At issue is the nicotine in the products and the chemicals in the vapor that is emitted. Despite this health concerns, a TINA.org review of more than 150 e-cigarette websites found that half indicate in some way that vaping products are safe or a healthy alternative to tobacco.
Potentially poisonous liquid: A study by the Centers for Disease Control found that the number of calls to poison centers regarding liquids containing nicotine used in e-cigarettes is dramatically rising. More than half involved children under 5 and 42 percent involved consumers aged 20 and over. “The report shows that e-cigarette liquids containing nicotine have the potential to cause immediate adverse health effects and represent an emerging public health concern,” the CDC said. Callers reported vomiting, nausea and eye irritation. Some consumers have also reported the products blowing up.
Natural Health Trends Corp. (NHTC—NASDAQ), a marketer of personal-care and wellness products under the NHT Global brand, has logged another quarter of double-digit revenue growth.
In the quarter ended June 30, 2016, revenue climbed to $80.4 million, up 15 percent from the prior-year period. The California-based company does the bulk of its business in Hong Kong, where revenue was up 13 percent to $73.3 million. Outside Hong Kong, revenue rose 43 percent to $7.0 million, compared to $4.9 million a year earlier.
Earnings slipped to $12.2 million, or $1.07 a share, from $12.3 million, or 98 cents a share, in the second quarter of 2015. Income reflects a $2.4 million tax provision for expected partial repatriation of profits from international operations. Excluding the tax, income increased 19 percent to $14.6 million, or $1.29 a share.
The company said it repurchased $23.7 million of its common stock in the first half of 2016.
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the second quarter ended June 30, 2016.
Second Quarter Financial Highlights
- Total revenues decreased 32.8% to $10,798,076 from $16,079,017 during Q2 2015
- Sales and Marketing expenses decreased 48.6% to $4,056,821 versus$7,890,203 during the comparable period in 2015
- General and administrative expenses decreased 36.3% to $3,387,969 from$5,322,385
- Total Operating Expenses decreased 43.7 % to $7,444,790 from$13,212,588 during Q2 2015
- Net Operating Income Increased from a loss of $1,173,114 in Q2 2015 to a gain of $338,151
- Net Income for the quarter was $189,719 or .01 EPS compared to a loss of $1,446,797 or (.06) EPS during Q2 2015
TLC’s founder and CEO Jack Fallon announced a new satellite office to be resided in Salt Lake City that will support an acquisition and merger division.
Total Life Changes has been recognized as an agent of change in the Direct Selling industry by offering a unique blend of innovative products and one of the most generous compensation plans for its Independent Business Owners.
Having assumed the additional role as President of Total Life Changes, Mr. Fallon has devoted substantial time to plan for the immediate and future success of the company.