Youngevity International, Inc. (YGYI) saw its loss narrow to $0.40 million in the year compared with $1.71 million a year ago.

Revenue during the year grew 3.88 percent to $162.67 million from $156.60 million in the previous year. Gross margin for the year expanded 96 basis points over the previous year to 60.33 percent. Total expenses were 98.45 percent of annual revenues, up from 96.55 percent for the last year. That has resulted in a contraction of 191 basis points in operating margin to 1.55 percent.

Operating income for the year was $2.52 million, compared with $5.41 million in the previous year.

However, the adjusted EBITDA for the year stood at $6.77 million compared with $9.22 million in the prior year period. At the same time, adjusted EBITDA margin contracted 172 basis points in the year to 4.16 percent from 5.88 percent in the last year.

Steve Wallach, Youngevity chief executive officer said, "Our goal for 2016 was to set us up for the future and to position Youngevity for scalable growth across the enterprise. We spent virtually an entire year developing our Web Platform and our Cloud Based Infrastructure to position Youngevity as a platform company. We are just now entering the deployment phase of our Web Portal which should allow us to accelerate growth domestically and globally as well as more efficiently integrate future acquisitions. The last half of 2016 we invested heavily in marketing strategies including several newly branded product and training videos in multiple languages. We are anxious to start realizing a return on these substantial investments in the coming months and years."