LifeVantage Corporation (NASDAQ:LFVN) reported financial results for its third fiscal quarter ended March 31, 2016.
Third Quarter Fiscal 2016 Highlights:
Revenue increased 24.4% to $56.2 million, compared to $45.2 million in the third fiscal quarter of 2015 and 8.0% on a sequential basis;
Revenue in the Americas increased 33.8% when compared to the third fiscal quarter of 2015 and 9.9% on a sequential basis;
Revenue in Asia/Pacific & Europe continued to improve, rising 1.7% on a sequential basis;
Adjusted EBITDA increased 54.6% to $5.1 million, compared to $3.3 million in the third fiscal quarter of 2015;
Adjusted earnings per diluted share increased 83.0% to $0.14, compared to $0.08 in the third fiscal quarter of 2015;
Refinanced term loan in March 2016, lowering the interest rate and improving cash flow.
“We are excited about our record revenue performance during the third quarter.