Tag Archive for Financials

LifeVantage Corporation (Nasdaq: LFVN) a leading health and wellness company with products designed to activate optimal health processes, today reported financial results for its fourth quarter and full fiscal year ended June 30, 2023.
Fourth Quarter Fiscal 2023 Summary*:

Revenue of $54.2 million, an increase of 6.4% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was up approximately 7.8%;
Revenue in the Americas increased 17.9% including an 18.6% increase in the United States.
Revenue in Asia/Pacific & Europe decreased 16.0% and was down approximately 3.9% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 8.3% from the prior period to 143,000, reflecting a 3.8% decline in the Americas and a 18.0% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.15, versus loss of $0.11 a year ago;
Adjusted earnings per diluted share were $0.17, compared to $0.01 a year ago; and
Adjusted EBITDA of $4.8 million, compared to $1.7 million a year ago.

* All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2023 to the fourth quarter of fiscal 2022, unless otherwise noted.
Fiscal Year 2023 Summary**:

Revenue increased 3.4% to $213.4 million. Excluding the negative impact of

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Medifast Q2 Revenue Down 34.7% To $296 Million

by Team Business For Home • August 9, 2023 • 0 Comments

Medifast the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the second quarter ended June 30, 2023.
Second Quarter 2023

Revenue of $296.2 million, with revenue per active earning coach of $5,578
Independent active earning OPTAVIA Coaches of 53,100
Net income of $30.3 million
Earnings per diluted share (“EPS) of $2.77
Cash and Cash Equivalents of $147.4 million and no interest-bearing debt

“We are ahead of our Fuel for the Future plan with key initiatives aimed at driving efficiency and cost reduction, which helped to mitigate the impact of continued economic headwinds on our revenues during the quarter,”
said Dan Chard, Chairman & Chief Executive Officer of Medifast.
“In addition, we have made significant progress advancing our broader health and wellness agenda with the recent launch of our new OPTAVIA ACTIVETM line of products, which marks an inflection point for Medifast as we target new areas of growth and more than triple our total addressable market.
We also have pilot programs underway to assess potential growth opportunities related to medically-supported weight loss that leverage the strength of our business model. We believe our scientifically-designed solution, OPTAVIA, is a great complement to those seeking to improve their health and wellness regardless of the method they choose to utilize.”
Chard concluded,
“Industry dynamics have changed numerous

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Isagenix Will Transition Majority Ownership To Investors

by Team Business For Home • March 1, 2023 • 0 Comments

Will transition majority ownership to marquee group of investors, eliminating debt and significantly increasing the Company’s ability to invest and grow.

Continued financial support from Coover family, who will maintain minority ownership.

Isagenix International (“Isagenix” or “the Company”), a leader in providing nutrition solutions for weight loss, performance, and healthy aging, announced today that it has reached a definitive agreement with an ad hoc group of the Company’s investors to secure the long term future of the business.
This agreement, also known as a Restructuring Support Agreement or “RSA,” marks the positive culmination of discussions between the Company and its key financial stakeholders to recapitalize and support the business, eliminating approximately $130 million in senior secured debt.
Under the terms of the RSA, the Company’s investors will take a controlling stake in the business.
The RSA also contemplates a contribution from Isagenix founders Jim and Kathy Coover, of $95 million of value through the combination of new contributed cash and the forgiveness of debt, marking their continued support for the strategy, vision, and new chapter of the Company.
Their contribution, along with an effective $130 million dollar investment via debt reduction from secured lenders, provides Isagenix with a substantial improvement in its capital position that

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Herbalife Q2 Revenue Up 3% To $1.2 Billion

by Ted Nuyten • August 4, 2016 • 0 Comments

Herbalife Ltd. reported second quarter net sales of $1.2 billion, reflecting an increase of 3% compared to the prior year period. Second quarter 2016 net sales, excluding the impact of currency, grew by 10%.
On a reported basis, second quarter net loss of $22.9 million or ($0.28) per diluted share which includes the impact of $203 million related to regulatory settlements, compared to net income of $82.8 million or $0.97 per diluted share for the comparable quarter in 2015.
Adjusted1 earnings for the quarter grew 4% to $1.29 per adjusted2 diluted share, compared to $1.24 per diluted share for the second quarter in 2015.
Due to currency fluctuations, second quarter 2016 reported and adjusted1 net income were negatively impacted by $27.7 million and $26.6 million, respectively, and reported EPS and adjusted1 earnings per adjusted2 diluted

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Why sharing financial information with employees pays dividends

by Ben Lobel • July 7, 2016 • 0 Comments

In today’s challenging landscape of staff shortages and skills gaps, companies across wide-ranging sectors are competing for both clients and high-calibre staff, and sharing financial information may be a way of attracting the best. With many employees conscious of their value as a marketable commodity, sharing details of a business’ performance can be instrumental in
The post Why sharing financial information with employees pays dividends by Ben Lobel appeared first on Small Business.