JRJR Networks Files Third Quarter 10-Q

Net revenue for the third quarter was approximately $28.5 million, which is comparable to last year's net revenue of $31.1 million. The net revenue for the nine months ended September 30, 2016 was approximately $88.8 million, compared to $79.8 million during the same period for the prior year, an increase of $9.0 million, or 11.3%.

Gross profit was approximately $19.4 million, compared to $21.4 million in the same quarter last year. The gross profit for the nine months ended September 30, 2016 was approximately $60.0 million, compared to $55.8 million during the same period for the prior year, an increase of $4.2 million, or 7.5%.

Gross profit margin during the quarter was 56.9% of revenue, compared to 57.9% of revenue in the prior year. The gross profit margin for the nine months ended September 30, 2016 was 56.3%, compared to 60.7% during the same period for the prior year. The decrease in gross profit margin is primarily due to our acquisition of Betterware which has lower gross profit margins compared to the other companies in the portfolio.

Operating loss for the third quarter improved to approximately $4.1 million, compared to $4.4 million in the prior year, a change of $0.3 million. The operating loss increased to approximately $15.5 million, compared to $11.1 million in the prior year, a change of $4.4 million. The operating loss decreased in the third quarter due to a decrease in the gross profit which was a result of lower profit margins.

Net loss attributable to JRjr33, Inc. for the third quarter was approximately $4.7 million, or a loss of 13.8% of revenue, increased compared to the $3.9 million, or a loss of 10.5% of revenue, experienced during the third quarter of last year. The net loss attributable to JRjr33, Inc. for the nine months ended September 30, 2016 was approximately $16.1 million, or a loss of 15.1% of revenue, compared to $7.6 million, or a loss of 8.3% of revenue, during the same period for the prior year, an increase of $8.5 million. The net loss increased as a result of the increase in operating losses as well as the increase in interest expense as a result of the Company taking on additional debt in quarter four of last year as well as $859 thousand in late filing penalties to Dominion. 

Adjusted EBITDA (losses) for the quarter was approximately $1.7 million, or a loss of 4.9% of revenue, which is consistent with the prior year's loss of $1.7 million, or a loss of 4.5% of revenue. The adjusted EBITDA (losses) for the nine months ended September 30, 2016 was approximately $8.0 million, or a loss of 7.5% of revenue, which has increased from the prior year's loss of $2.4 million, or a loss of 2.6% of revenue.

The Company will hold a conference call Wednesday January 4, 2017 at 4:30 p.m. Eastern Time, to discuss the Company's third quarter 2016 financial results.

To participate in the conference call, please dial toll free 888-428-9470.

For international callers, please dial (toll) 719-325-2366.

An audio replay of the conference call will be available in the investor relations section of the Company's website following completion of the call for approximately 30 business days.

JRjr33, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
(in thousands, except share and per share data)		September 30, 2016				December 31, 2015
Assets
Current assets:
Cash and cash equivalents		$	1,872			$	6,482
Marketable securities		832				5,306
Accounts receivable, net		5,079				4,828
Inventory, net		19,162				20,799
Other current assets		4,055				2,303
Total current assets		31,000				39,718
Assets held for sale		998				1,111
Restricted cash		—				2,857
Sale leaseback security deposit		4,414				4,414
Property, plant and equipment, net		3,382				5,387
Property under capital leases, net		14,217				14,654
Goodwill		5,076				5,427
Intangibles, net		7,637				8,801
Other assets		37				135
Total assets		$	66,761			$	82,504
Liabilities and stockholders' equity
Current liabilities:
Accounts payable		$	16,298			$	15,937
Related party payables		1,936				1,605
Accrued commissions		4,660				3,033
Accrued liabilities		8,562				7,303
Deferred revenue		4,351				2,307
Taxes payable		6,440				4,830
Current portion of long-term debt		9,853 Werbung Mehr Nachrichten zur JRJR33 Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 10.05.24 - ARIVA.DE Redaktion Aktie von Infineon heute am Aktienmarkt gefragt (37,645 €) 10.05.24 - ARIVA.DE Redaktion Kursverluste für den Anteilsschein von BASF (49,24 €) 10.05.24 - PR Newswire BH Macro Limited - Transaction in Own Shares Spezial aus aktuellem Anlass:    JanOne – Smallcap über Nacht mit Milliardentransaktionen! weiterlesen» Anzeige wo-site-teaser-box-16911_site-teaser-box_2024-05-11_09%253A00%253A00_2024-05-12_09%253A00%253A59