LifeVantage Corporation today reported financial results for its fourth quarter and full fiscal year ended June 30, 2022.
Fourth Quarter Fiscal 2022 Summary*:
Revenue of $50.9 million, a decrease of 7.0% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 3%;
Revenue in Asia/Pacific & Europe increased 0.7%
Revenue in the Americas decreased 10.5%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe increased approximately 12.8%;
Total active accounts declined 8.2% from the prior period to 156,000, reflecting a 10.9% decline in the Americas and a 2.0% decline in Asia/Pacific & Europe;
Loss per diluted share were $0.11, versus earnings per diluted share of $0.35 a year ago;
Adjusted earnings per diluted share were $0.01, compared to $0.31 a year ago;
Adjusted EBITDA of $1.7 million, compared to $6.6 million a year ago; and
Repurchased 103,391 shares.
*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2022 to the fourth quarter of fiscal 2021, unless otherwise noted.
Fiscal Year 2022 Summary**:
Revenue decreased 6.3% to $206.4 million.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2022 revenue was down approximately 4.2%;
Revenue in Asia/Pacific & Europe increased 3.8% and revenue