LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its second quarter ended December 31, 2017.
Second Quarter Fiscal 2018 Summary:
Revenue increased 1.1% to $49.5 million year over year and 0.7% sequentially;
Revenue in the Americas decreased 1.9% while revenue in Asia/Pacific & Europe increased 11.0% including a 9.3% increase in Japan, both on a year over year basis. On a sequential basis, revenue in the Americas increased 2.0% while revenue in Asia/Pacific & Europe decreased 3.0%, including a 4.4% decrease in Japan;
Active independent distributors and active preferred customers decreased 1.6% and 2.7%, respectively, year over year and decreased on a sequential basis 1.6% and 0.9%, respectively;
Adjusted EBITDA decreased 5.0% year over year to $3.7 million while increasing 37.6% sequentially;
Earnings per diluted share were $0.02 and adjusted earnings per diluted share were $0.11; and
Completed first share repurchases under the Company’s $5.0 million shares repurchase program.
“We continue to execute on our key initiatives for fiscal 2018 and generated both year over year and sequential revenue growth during the second quarter,”
stated LifeVantage President and Chief Executive Officer Darren Jensen.
“The recent launch of our highly anticipated Vitality Stack Packets is a key aspect of our product strategy initiatives.
We are also pleased to have successfully completed