LifeVantage Corporation (Nasdaq:LFVN), has announced its continued expansion into the European Union, and will officially begin sales activities in the Netherlands on June 1, 2016.
According to the World Federation of Direct Selling Associations (WFDSA), the European Union represented nearly $33 billion in retail sales in 2014.
“I see the Netherlands as one of the ideal gateway markets for entry into continental Europe,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“The Netherlands is ideally situated geographically to serve as our base of operations in Europe. The European market as a whole is in alignment with our culture at LifeVantage because they are a brand and product focused area with loyal customers and incredible field leadership.”
About LifeVantage Corporation
LifeVantage Corporation, is a science based network marketing company dedicated to visionary science that
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LifeVantage Q1 Revenue Up 24.4% To $56 Million
by Ted Nuyten • • 0 Comments
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.
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LifeVantage Issued Patent For TrueScience Product Composition
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), has announced the receipt of United States Patent No. 9,289,374 B2, issued March 22, 2016, for topical compositions and methods for reducing oxidative stress for its TrueScience skin care products.
According to the patent, topical application of the compositions in the TrueScience skin care products have been demonstrated to stimulate the reduction of oxidative stress and improve the appearance of the skin’s epidermal rete ridges, which are believed to improve the appearance and overall health of the skin.
“The receipt of this patent continues to differentiate LifeVantage from other companies in the direct selling and skin care industries,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“The peer reviewed studies related to our products demonstrate their effectiveness and position LifeVantage at the forefront of skin care.”
About LifeVantage Corporation
LifeVantage Corporation
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LifeVantage Announces Launch Date For The UK
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, has announced its much-anticipated launch into the European Union beginning with the United Kingdom. The company will officially begin sales activities in Great Britain, Wales, Scotland and Northern Ireland on March 2, 2016.
According to the World Federation of Direct Selling Associations (WFDSA), the European Union represented nearly $33 billion in retail sales in 2014.
“The United Kingdom is an ideal fit with our focus of delivering unique and exclusive products throughout the world and the technology-driven culture we are fostering here at LifeVantage,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“The distributors in the United Kingdom are product-oriented business builders who leverage technology to drive their organizations, and the country represents one of the fastest growing markets within the WFDSA.”
About LifeVantage Corporation
LifeVantage Corporation (Nasdaq:LFVN), is a science based network
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LifeVantage To Launch Protandim Nrf1 Synergizer Product
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, has announced its intent to launch Protandim Nrf1 Synergizer moments ago during its Elite Academy in Nashville, TN. The company intends to host a live cyber-launch in the fourth quarter of fiscal 2016 that will broadcast worldwide through the company’s website.
“We will continue to strategically introduce new products that align with our objective to have a cohesive product offering that is unique and exclusive to LifeVantage, and provides optimal health for everyone,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“The Protandim NFR1 Synergizer is formulated to strengthen the mitochondria, which are the power house of all cells for better cellular health. It is designed to work in tandem with our flagship Protandim Nrf2 Synergizer product and further enhance our body’s ability to naturally produce antioxidants and reduce the
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Top European Leaders Join LifeVantage
by Ted Nuyten • • 0 Comments
Thomas Perez, Swann Xerri, and Alexandre Zenasni join LifeVantage as Independent Distributors.
Thomas Perez comes from an MLM family who gave him belief and trust in the industry. He started his network marketing career just 4 years ago at the age of 19 and in the last two years he became the youngest Diamond and went on to achieve Double Diamond, but he was looking for more.
He was looking for a company with strong leadership, an effective system to help others achieve success and he was looking for a mentor.
Alexandre Zenasni was born in Marseille, France where soccer is a religion more than a sport. His passion for sports helped him develop his team spirit and mindset as well as his ability to connect with people. He loves MLM and has been
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LifeVantage Reports 2016 Q2 Results – Revenue Up 14.6% To $52 Million
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation (NASDAQ:LFVN) today reported financial results for its second quarter ended December 31, 2015.
Second Quarter Fiscal 2016 Highlights:
Revenue increased 14.6% to $52 million on a sequential basis and increased 7.8% compared to second fiscal quarter of 2015;
Revenue in the Americas increased 15.3% and revenue in Asia/Pacific increased 12.4% on a sequential basis, including a 7.3% sequential revenue increase in Japan;
Adjusted EBITDA increased 7.3% to $4.5 million, compared to $4.2 million in the second fiscal quarter of 2015;
Net income was $1.6 million which includes approximately $0.5 million of pretax one-time charges
Executed on strategic growth plan including investments in new product launches and enhanced distributor technology platforms.
“We are pleased to report revenue growth on both a sequential and year-over-year basis, which underscores the early success of our growth plan and gives us confidence
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Industry Leader Will Zanders Joins LifeVantage
by Ted Nuyten • • 0 Comments
Relatively new to network marketing, Will Zanders exemplifies that following a system can quickly create success. Just two short years ago, this former lawyer and undercover narcotics agent was working 70-hours per week and living paycheck-to-paycheck.
Network Marketing has allowed him to replace his income and, more importantly, has given him back his time to pursue his passions while helping others achieve their goals. He is excited to join LifeVantage as an independent distributor, and partner with Romacio Fulcher and two of the company’s top earners Tyler Daniels and Marcell Niederhauser.
“Having achieved some success in the industry as an award winning rookie executive, I knew exactly what the ideal opportunity looked like for me. The company had to be publicly-traded, have affordable revolutionary consumable products, a lucrative comp plan, proven leadership, a
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LifeVantage Appoints New Members To Board of Directors
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, recently announced today the appointment of Darren Jensen, the company’s President and Chief Executive Officer, and Dave Toole, a new independent director, to its Board of Directors. The election of Mr. Jensen and Mr. Toole brings the number of Directors to seven members and retains the independence of the Board.
“It is with pleasure that I accept the election to LifeVantage’s Board of Directors,” said Mr. Jensen. “I am honored to work together with our Board to continue to execute our growth plan.”
Mr. Toole stated, “I am pleased to join the Board of Directors of LifeVantage. The company has a strong foundation with effective and scientifically-backed products and has a number of exciting growth initiatives in place. I look forward to applying my experience to help LifeVantage maximize its potential.”
Garry Mauro,
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LifeVantage Launches Mobile Back Office App
by Ramya Chandrasekaran • • 0 Comments
LifeVantage Corporation has launched LifeVantage Pro, a proprietary mobile back office application specifically designed for its network of independent Distributors. The LifeVantage Pro App provides the Distributors access to their personal businesses in real-time and allows them to prospect from their contact list, place orders, view up-to-date business qualifications, and enroll people into their organizations – all directly from their smart phones.
“It is important for LifeVantage to adapt to the new technology paradigms taking shape within our industry,” said LifeVantage President and Chief Executive Officer Darren Jensen. “Anyone with a smartphone, tablet, laptop, or home computer now has the ability to manage their business from anywhere in the world. We will continue to deploy resources to this and other technology applications that will streamline our enrolment platform across all technologies, enhance business management