Fantastic Q2 Results Reported
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- Company net sales revenue increased 28.5 percent to $32.5 million, compared to $25.3 million in the second quarter of 2013. This marks the fourth consecutive record-setting sales quarter for our company.
- This success has been greatly driven by increased sales in South Korea and Japan. These markets are performing exceptionally well.
- The increase in net sales revenue is primarily a result of re-engaged leadership, strong execution, and momentum stemming from both the Global Summit and the launch of Synergy’s SLMsmart weight-management system in Asia Pacific.
- A key component of growth in South Korea was the continued adoption of the SLMsmart weight management program. As a result, Synergy’s weight management product category has grown from $0.7 million to $2.2 million, or from 2.7 percent to 6.8 percent of net sales.
- Contribution margin increased 36.1 percent to $11.8 million, compared to $8.7 million in the second quarter of 2013, primarily as a result of increased net sales revenue.