Transformation Capital recently reported that direct selling companies in its survey set* of 50 continued their impressive performance during July. Their July performance continued what is now a five-month trend for the industry.  “While the volume and rate of sequential growth have predictably slowed, due to the higher hurdle rate that has been established month […]

VirBELA recently announced exponential growth and momentum in the second quarter of 2020. Backed by a billion-dollar public parent company, eXp World Holdings, VirBELA saw a 260 percent increase in revenue in the second quarter of 2020 compared to the first quarter of 2020, more than a five times increase in monthly active users and six times […]

eXp World Holdings, Inc. the parent company for eXp Realty and VirBELA, recently reported quarterly revenue grew 33 percent year-over-year to $354 million. The $354 million compares with $267 million in the second quarter of 2019. The company also reported the number of agents and brokers on the eXp Realty platform increased 54 percent to […]

NewAge, Inc. announced financial results for the quarter ended June 30, 2020, with net revenue reaching $62.6 million. The revenue does not include revenues from NewAge’s recently announced combination with ARIIX and four other direct selling companies, which is expected to more than double the size of the company and improve the combined entity’s profitability. The […]

Herbalife Nutrition Ltd. reported net sales of $1.3 billion for the second quarter ended June 30, 2020, an increase of 8.6 percent compared to the second quarter of 2019. The second quarter 2020 represents the largest quarterly reported net sales result in company history. “Our record results reflect the effort of our distributors,” said John […]

Nature’s Sunshine Products, Inc. reported net sales of $87.3 million for the second quarter ended June 30, 2020, compared to $90.7 million in Q2 2019. According to the company, the net sales decrease of 3.8 percent was attributable primarily to the effects of COVID-19-related market closures in South Korea and Latin America. Net sales were […]