read / Financial
March was a tumultuous month for direct selling stocks, but April proved to move the group marginally higher, with the Direct Selling Capital Advisors Direct Selling Index (DSCI) rising 3.1 percent during the month, compared to a slightly lower gain for the Dow Jones Industrial Average (DJIA) of 2.7 percent. This rise in April places the DSCI in line with the broader markets.
Coway Co., Ltd. announced its first quarter of 2021 financial reports, including $7.8 million in revenue, a 14.3% increase year-over-year. Operating profit and net profit increased to $151 million and $111 million respectively. Domestic rental sales in Korea reached 321,000, with 6.36 million accounts. “Exciting new products and impactful marketing campaigns propelled our performance, both […]
Mannatech, Incorporated announced its financial results for the first quarter of 2021, reporting net sales of $38.3 million, a 4.7% increase over the first quarter of last year. Net income for the quarter reached $2.2 million, or $1.04 per diluted share, a slight downturn from the first quarter of 2020, which totaled $2.8 million and […]
HempMeds Brasil, a subsidiary of Medical Marijuana, Inc. announced that April 2021 broke records for the best revenue month in company history. “Our HempMeds Brasil operations have seen a consistent increase over the years,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We aim to reach as many consumers in need as possible and last […]
NewAge, Inc. announced record financial results for the first quarter of 2021, almost doubling its net revenue from the previous year’s quarter, with a 97% increase to $125.5 million, and a gross profit increase of 111% to $87.4 million. The acquisition of ARIIX strongly impacted these numbers. “The first quarter saw accelerated top and bottom-line […]
eXp World Holdings, Inc., the holding company for eXp Realty, announced a 115% increase in revenue for the first quarter of 2021, compared to the same quarter of 2020, totaling $583.8 million. Gross profit also increased 91% to $53.5 million. Driving this growth is a 77% increase in the company’s eXp Realty agents, which now […]