Transformation Capital reported that August saw gains for the majority of the large-cap and small-cap stocks in its tracking set. According to the investment banking and business development firm, each of the stocks in its large-cap set remain well above their pre-pandemic levels, and the majority continue to significantly outperform the major indices. Smaller-cap stocks…

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2019 BIG Awards

Medical Marijuana, Inc. announced net revenue of $10.9 million for the second quarter ending June 30, 2020, down for $13.3 million in Q1 2020. “As the world navigates the financial and logistical burden of the COVID-19 pandemic, our portfolio of companies has continued to not only operate, but innovate, adapt and expand,” said Medical Marijuana, Inc. CEO…

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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…

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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…

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Julie Garlikov

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…

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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…

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Nature’s Sunshine Q3

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…

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Medifast Q2

Medifast, the company behind OPTAVIA®, reported revenue of $220.0 million for the second quarter ended June 30, 2020. Second quarter revenue increased 17.6% to $220.0 million from revenue of $187.1 million for the second quarter of 2019. OPTAVIA-branded products represented 83 percent of consumable units sold for the second quarter compared to 75 percent for the same period a year ago.…

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Nu Skin Enterprises, Inc. announced second-quarter results above expectations and raised its revenue and earnings per share guidance for 2020. For the second quarter ended June 30, 2020, the Provo, Utah-based company reported revenue of $612.4 million, down 2 percent from $623.5 million in Q2 2019. Sales leaders declined 9 percent for the quarter to…

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Natural Health Trends Corp. announced revenue of $16.4 million for the second quarter ended June 30, 2020. The Hong Kong-based company, which markets its personal care and wellness products under the NHT Global brand, reported that the Q2 revenue increased 10 percent compared to $14.9 million in the first quarter of 2020 and decreased 30…

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