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LifeVantage Revenue Fiscal Year 2022 Down 6% To $206.4 Million

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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

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6,000 Distributors Attended The LifeVantage Convention 2022

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LifeVantage Corporation (Nasdaq: LFVN), a pioneer in nutrigenomics, hosted Activate 2022 throughout the Salt Lake City area last weekend.
The event was one of the company’s largest in-person Distributor gathering since the beginning of the global pandemic, with over 6,000 U.S. distributors in attendance in person and remotely.
The event featured new company positioning, a unique product launch, aligned sales incentives, updated social selling tools, new Distributor trainings, and a wrap up celebration held at Saturday’s Real Salt Lake game where LifeVantage serves as title sponsor.
Steve Fife, President and CEO Said:
“Activate 2022 was the launching point for our next fiscal year and our strategic initiatives to drive growth for LifeVantage in the months and years to come.
We purposefully brought our U.S. Distributors together to cast the vision for where we want to be as a company and how we inspire the remarkable throughout the world by activating wellness.”
As part of Activate 2022, LifeVantage unveiled TrueScience® Liquid Collagen, which features the rare Ruby Red Quinoa Extract (Chenopodium formosanum) and is uniquely differentiated by its three-way approach to skin and collagen health.
The proprietary ingredients activate your body’s collagen production, replenish your depleting collagen levels, and maintain those levels by reducing collagen breakdown in

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LifeVantage-sponsored Anthony Robles Sets New Pull-up World Record

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Anthony Robles — a one-legged wrestler who won the 2011 NCAA 125-pound title and long-time LifeVantage consumer — broke the world record for pull-ups in a single minute over the weekend, pending final Guinness verification.
Robles, who turned 30 in July, cranked out 62 pull-ups Sunday during the NY Jets- Buffalo Bills game at MetLife Stadium in East Rutherford, New Jersey, besting Harvard Professor Adam Sandel’s previous record of 61.
Robles’ world record attempt was sponsored by Nike, Freemotion Fitness, and Sandy- based LifeVantage.
“Anthony embodies so much of what LifeVantage and our biohacking community are about,” said LifeVantage CMO Ryan Goodwin. “This is someone who, against all odds, has optimized his body and physical performance at the highest possible levels. His is a truly inspiring story.”
Robles’ NCAA title attracted worldwide attention and helped earn him ESPN’s “Jimmy V Award for Perseverance” and a second Espy Award for “Best Male Athlete with a Disability.” A movie about Robles’ life is currently in the works.
About LifeVantage
LifeVantage Corporation (Nasdaq:LFVN) is a pioneer in Nutrigenomics – a new science dedicated to biohacking the human aging code. The company is engaged in the identification, research, development, and distribution of advanced nutraceutical dietary supplements and skin and hair

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Attending Network Marketing Events Double Your Earnings + 119% 

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Darren Jensen, CEO LifeVantage, who recently has been awarded with the Business For Home Turn Around Award 2018 has written an excellent article named: The Social Proof Principle: Does Attending Events Matter? 
Success starts with questioning everything, even our questions. This article is part of a series by LifeVantage CEO Darren Jensen that touches on a set of principles brought about by asking questions that have challenged the industry status quo.

An important fact in this article:

We also found that event attendees were 2,241% more likely to enroll somebody than their non-event-attending counterparts, were 558% more likely to rank advance if they attended at least one major event during the year, and earned, on average, 119% more.

Darren:
We recently hosted and wrapped up another successful Global Convention as a company in Salt Lake City, Utah. If you haven’t been to Utah during the autumn season, you should try it sometime. It’s stunning. The event drew nearly 5,000 people from 10 different countries around the globe.
While, as a corporation, we call the greater Salt Lake area home, many went to great lengths to join us, not only geographically – some traveled as many as 10,000 miles – but otherwise. Some braved physical limitations and health conditions that

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LifeVantage Q1 Sales Up 13.2% To $55.6 Million

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LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its first quarter ended September 30, 2018.
First Quarter Fiscal 2019 Summary:

Revenue increased 13.2% to $55.6 million year over year and 2.9% sequentially;

Revenue in the Americas increased 13.6% year over year and 1.4% sequentially. Revenue in Asia/Pacific & Europe increased 12.1% year over year and 7.5% sequentially;

Active independent distributors increased 4.8% and active customers increased 9.2% year over year;

Adjusted EBITDA increased 22.5% year over year to $3.3 million;

Earnings per diluted share were $0.06, consistent with the prior year period;

Adjusted earnings per diluted share were $0.07, consistent with the prior year period; and

Raising fiscal 2019 revenue guidance to a range of $215 million to $225 million.

* All year over year growth rates compare the first quarter of fiscal 2019 to the first quarter of fiscal 2018. All sequential growth rates compare the first quarter of fiscal 2019 to the fourth quarter of fiscal 2018.

“We had a strong first quarter with broad based growth in sales and active members (total active distributors and customers). Our recent launch in Taiwan was a significant success, already delivering the third highest sales by country across our global footprint during the month of September. Given the strong sales

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LifeVantage Convention Attracts 4,700 Reps And Introduces TrueScience Hair Care System

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LifeVantage (Nasdaq:LFVN ) a Triple A classified opportunity by Business For Home,  concluded its Global Convention over the weekend after four days of company updates, trainings, and introducing a new product line. The event drew over 4,700 registrants from more than 10 countries to the Salt Palace Convention Center in Salt Lake City, Utah.
LifeVantage CEO Darren Jensen kicked off the convention by recapping the company’s recent success in Europe, it’s successful launch in Taiwan, and being recognized with a Stevie Award at the International Business Awards in London earlier this month.
His attention, however, quickly turned to three key strategic initiatives the company is currently focused on, including an ongoing effort to “transcend transaction,” continue to turn technology into a competitive advantage, and better tell the company’s opportunity story.
“In order to continue to succeed, we must transcend transaction,” Jensen said.
“We have to offer our customers more than products – we need to continue to create a movement.”
It’s a movement that, according to the numbers, is gaining traction. LifeVantage has seen a significant increase globally in basket size the past 12 months in the wake of the company’s Vitality Stack launch and increased customer and distributor retention across the board.
LifeVantage’s biohacking community now

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LifeVantage CEO Darren Jensen Awarded With The Business For Home Turn Around Award 2018

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Business For Home is pleased to present its Turn Around Award for 2018 to LifeVantage’s CEO and president, Darren Jensen.
This award is given each year to a CEO of a multi-level marketing company who demonstrates the ability to transform and turn a company around.
Darren Jensen, 49, has helped turn the company into one of the preeminent publicly-traded biohacking companies in the world. A biohacker in his own right, Jensen has emerged as a thought leader in the field of nutrigenomics.
The company isn’t just building a product line but a community of biohackers and, as a result, is transcending transaction. People are not only identifying with LifeVantage products, but the company and its biohacking position are becoming part of people’s identity.
Throughout his tenure at LifeVantage – and even more particularly in 2018 –  has helped lead the industry into the next era of network marketing.
He’s done so by leveraging trends that are shaping the future and by cutting through the disruptive market forces that are changing how the industry does business.
“We have identified trends that are shaping the world today and positioned ourselves in front of those trends,”
Jensen said.
“And we’ve done it in unique and exciting ways that make network

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Question Everything – The Principle of Asking Great Questions In Network Marketing

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This article is written by Darren Jensen, CEO LifeVantage and has many golden nuggets for any network marketing professional 🙂
The famous philosopher, Bertrand Russell once said, “It’s a healthy thing now and then to hang a question mark on the things you have long taken for granted.”
I started asking questions during my first job in direct sales (in fact, if you asked my mentor, he’d probably say I asked too many questions). I was working for a large company that was growing fast.
We began to hire people from outside of our industry – well-known and highly respected names from the world of retail joined our ranks. Naturally, many didn’t have the same passion that I did for direct sales, and it was frustrating at times. So one day I sat down with my mentor who happened to be the COO at the time. I asked him why we were hiring so many outsiders. His response, changed my career.
“Darren, companies value other companies’ experience.”
In that moment I realized that in order to make my company great, I had to understand what made other companies great. There had to be principles behind their success. And I started a life-long mission to understand them.

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LifeVantage Expands In Europe Launches In Austria

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As part of its ongoing commitment to Europe, LifeVantage (Nasdaq:LFVN) has formally expanded into Austria.
The new market opened September 1 and is open for both distributor enrollments and orders, as well as customer orders.
“This is yet another step forward in expanding our strategic footprint throughout Europe and a key part of the larger European plan,”
said Dave Fleming, Senior Vice President of Global Field Development Americas/Europe.
“With experienced market leadership in place, we anticipate great things moving forward in Austria.”
Similar to Germany, LifeVantage will initially offer its flagship Protandim Nrf2 Synergizer®, its complete TrueScience® Beauty System – the company’s popular line of Nrf2-enhanced skin care products – and its probiotic supplement known in Europe as Pro+.
Select LifeVantage products were recently made available in Austria – and six other countries – for the first time in April on a not-for-resale basis as part of LifeVantage’s new Global Customer Acquisition Program.
Since that time, Austria has shown promise in a relatively short period of time, and the company anticipates it playing an important role in expansion into other European markets.
With the addition of Austria, LifeVantage now has a formal presence in 13 markets in North America, Europe, Australia, and Asia.
“This latest expansion is emblematic not only

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LifeVantage CEO Named To DSA Board of Directors

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Darren Jensen, CEO and President of LifeVantage Corporation (Nasdaq:LFVN), was recently elected to the Direct Selling Association’s (DSA) Board of Directors. He is one of six new directors elected to the board.
“I am pleased that Darren Jensen has been elected to serve on the Direct Selling Association’s Board of Directors,”
said Joseph N. Mariano, President of the Direct Selling Association.
“Direct selling is poised to play an increasingly dynamic role in what is emerging as the future of retailing, and the spirit of entrepreneurship that has enabled Darren to lead LifeVantage to empower its independent contractors in exciting new ways will be an asset to DSA’s board as we continue to write direct selling’s next chapter.”

The Direct Selling Association is a national trade association that represents the direct selling industry and advocates on behalf of its 200-plus member companies. The board consists of 22 industry leaders who serve as officers and directors, as nominated and elected by their peers.

Jensen will serve a three-year term as a board director through 2021.

“I have been associated with the Direct Selling Association for the better part of 30 years and am grateful for this opportunity to be able to give back and serve in this capacity,”
Jensen said.

“I

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