Tag Archive for Revenue

LifeVantage Q2 Revenue 2023 Down 3.8% To $51.6 Million

LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its second fiscal quarter ended December 31, 2023.
Second Quarter Fiscal 2024 Summary*:

Revenue of $51.6 million, a decrease of 3.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, second quarter revenue was down approximately 3.4%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 10.0%. Excluding the negative impact of foreign currency fluctuations, second quarter revenue in Asia/Pacific & Europe decreased approximately 8.0%;
Net loss per diluted share was $0.05, versus net loss of $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.10, compared to adjusted loss per share of $0.07 a year ago; and
Adjusted EBITDA increased 289.0% to $3.1 million.
* All comparisons are on a year over year basis and compare the second quarter of fiscal 2024 to the second quarter of fiscal 2023, unless otherwise noted.

“We delivered significant year-over-year improvement in profitability during the second quarter as our LV360 initiatives continued to gain traction,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.
“Adjusted EBITDA increased 289% to $3.1 million

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LiveGood Paid Out $50 Million In Commissions In 2023

LiveGood paid out $50 million in commissions for the first year of its operation. The performance of LiveGood, a company based in the US, has been quite impressive. In 2023, the company generated a revenue of est. $125 Million marking a significant increase of compared to the previous year.
According to LiveGood:

“With a commitment to staying on the cutting edge of science and nutrition technology, we pride ourselves on creating only the highest quality products of their kind available anywhere in the world.
From the purest natural ingredients harvested from some of the most pristine locations on the planet, to our world-class manufacturing facilities to ensure top-notch consistent quality, to unique and powerful formulations that are unmatched anywhere, we pride ourselves not only on creating products that are good for your body, but on creating products that get results.”

With over $50 million in commisions for a $9.95 monthly membership, it is rather new concept of affiliate and network marketing. With 2% of all profits (from membership sales and all products) being distributed among Diamond distributors, more than 80 diamonds grow in less than a year.
LiveGood in Facts and Figures
In recent news related to LiveGood, Network Marketing Professional Kelly Tolar has risen to

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Arieyl Celebrates Their 3rd Year Anniversary

Happy Anniversary Arieyl.

“It’s hard to put into words what this anniversary means to us here at Arieyl. We had so many hurdles and road blocks to manoeuvre and overcome for this to be possible.“

Travis Butler
Since its opening, Arieyl has evolved and grown as an organization and community. Strategically we’ve been able to hit multiple fields of interest, including weight loss and fitness, beauty, and skincare, as well as their holistic wellness approach to everyday living.
Despite approximately 95% of MLMs going out of business within their first three years and annually thousands of network marketing companies closing their doors; Arieyl has been able to weather lockdowns and market uncertainty, thanks to their collaborative culture and “people before profits” attitude resonating with their rockstars.
Despite the company still being in the early phases, Arieyl is leaving its mark on each of the massive industries they look to revolutionize.
This is all thanks to its unique blend of engaging marketing and first-to-market products destined to help each of its Rockstars and VIP customers achieve their own Highest Self. The core of what Arieyl stands for is providing its customer base with the ability to be the best version of themselves.

“We’ve had some huge wins

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LifeVantage Q3 Revenue $51.4 Million

LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes, today reported financial results for its first fiscal quarter ended September 30, 2023.

First Quarter Fiscal 2024 Summary*:

Revenue of $51.4 million, a decrease of 0.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 0.2%;
Revenue in the Americas increased 5.9%, including a 6.5% increase in the United States. Revenue in Asia/Pacific & Europe decreased 16.6% and was down approximately 14.6% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 10.5% from the prior year period to 137,000, reflecting a 7.5% decline in the Americas and a 17.0% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.05, versus $0.05 per diluted share a year ago;
Adjusted earnings per diluted share was $0.13, compared to $0.06 a year ago; and
Adjusted EBITDA increased 41.4% to $4.0 million.

* All comparisons are on a year over year basis and compare the first quarter of fiscal 2024 to the first quarter of fiscal 2023, unless otherwise noted.

“We are very pleased with our first quarter results, which further demonstrate the effectiveness of LV360 in driving growth and profitability,”

said Steve Fife, President and Chief Executive Officer of Life Vantage.

“Revenue in the U.S. was up 6.5%, reflecting continued strength in key products, including a

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Zinzino Revenue Up 24% in Q3 To $37 Million

The revenue in September for Zinzino’s sales markets increased by 19 % and amounted to SEK 145.6 (122.4) million. Faun Pharma’s external sales increased by 56 % and amounted to SEK 9.5 (6.1) million. Overall, the Group increased revenues by 21% to SEK 155.1 (128.5) million compared with the previous year.
Sales in Zinzino’s sales markets increased by 24% in the third quarter of 2023 compared with the same period last year and amounted to SEK 411.3 (332.9) million.

SEK 411.30 equals to USD$37 Million.

Total revenues in the Group increased by 24 % in the third quarter and amounted to SEK 434.0 (349.9) million.
Accumulated revenue for January – September 2023 increased by 22% to SEK 1235.6 (1013.8) million.

SEK 1235.6 equals to USD$106 Million.

About Zinzino
Zinzino AB (publ.) is a global Direct Sales company that markets and sells test-based nutrition, skincare and life-style products. Zinzino owns the research unit BioActive Foods AS and production unit Faun Pharma AS.
Zinzino is based in Gothenburg, with additional offices in Finland, Latvia, Norway, USA, Australia, Hong Kong and Malaysia. Zinzino is a public company and its shares are listed on Nasdaq First North Premier Growth Market. For more informaton please visit www.zinzino.com
The post Zinzino Revenue Up 24% in Q3

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Beyond Slim Celebrates 12 Straight Months Of Double-Digit Growth

One bright spot in the Direct Selling Industry has been the sky-rocketing growth of Beyond Slim. At a recent leadership retreat held in Park City, Utah, CEO & Founder Ray Faltinsky announced that Beyond Slim just celebrated its 12th consecutive month of double- digit, month-over-month growth.
“From August 2022 through August 2023, we’ve grown by 35X!” Faltinsky told his top 30 leaders, “I’ve never seen or heard of a 12-month growth spurt like ours. We are changing so many lives for the better!”
Beyond Slim’s record growth, at a time when the direct selling channel is struggling, is no accident.
“When we launched Beyond Slim, we knew that times were changing.”  Faltinsky states, “Gone are the old “MLM” ways of doing business, like expensive packs to get started, forcing distributors to purchase for qualifications and not offering a lucrative opportunity for the part-time person to earn.
We’ve turned all that on its head and we’re doing things that no other company has ever done, like no big packs, no personal volume required to earn a check, free product with just 2 customers, 3-day pay and finally a compensation plan where the part time person can be successful.
We’ve made things so simple and lucrative, that

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Mannatech Q1 Revenue Up 5.3% To $34.1 Million

-Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, today announced financial results for its first quarter of 2023.
First Quarter End Results
First quarter net sales for 2023 were $34.1 million, an increase of $1.7 million, or 5.3%, as compared to $32.4 million in the first quarter of 2022.
First quarter net sales for 2023 include the results of an annual promotion in March 2023 that occurred in April 2022. Our net sales increased 10.2% on a constant dollar basis (see Non-GAAP Measures, below) as foreign exchange decreased GAAP net sales by $1.6 million, mostly due to the decline of the Korean Won and Japanese Yen.
First quarter operating income for 2023 was $0.7 million as compared to less than $0.1 million for the first quarter of 2022.
Net income was $0.6 million, or $0.32 per diluted share, for the first quarter of 2023, as compared to net income of $0.1 million, or $0.06 per diluted share, for the first quarter of 2022.
For the three months ended March 31, 2023, overall selling and administrative expenses decreased by $0.5 million to $6.4 million, as compared to $6.9 million for the same period in 2022.

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Bravenly Global Achieving Strong Month-Over-Month Growth In 2023

Bravenly Global has grown exponentially over the past 12 months (700% increase to $8 million in sales) and continues to grow each month in 2023.
The two-year-old USA-based healthy lifestyle company achieved strong month-over-month sales growth in January, in February, and in March 2023; over the last two months, Bravenly experienced over +60% growth.
The company reported 80% Customer-to-Distributor ratio, with over 70% of their monthly revenues coming from Customers’ orders and re-orders.
CEO Aspen Emry shared:
“When my husband Brent (COO) and I started Bravenly a little over two years ago, we wanted to change lives and bring value-packed, craveable products that really work, coupled with an opportunity that has a positive, empowering impact on families’ lives.
It’s so rewarding to see tens of thousands of people enjoying these results-driven products, and hear the wonderful, heartfelt stories of people that love how they’re feeling better and restoring their optimal health.”
 Bravenly recently launched their new Pina Colada Rush Extreme, an all-natural beverage designed to deliver healthy essential energy, vitamins, laser-focus, boost mood, and on-point appetite control, and tastes like a delicious pina colada; this new nootropic drink quickly became one of the top-selling most popular products ever launched.

The company’s product line now totals 16

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Startup Go Global Achieves 50,000 Paid Customers And Distributors In 2 Months

GO Global: Second Month Surpasses Expectations with March Achievements.

The recently launched GO platform had a remarkable month in March after a historical and record breaking first month.  GO Global was able to achieve outstanding results that exceeded even its own expectations. In just 2 short months, GO Global is on pace to have the single best year in terms of total revenue and new customer acquisition compared to any company that has come before it. 
The company credits its initial success to its outstanding field leadership team that have shown they are committed to the company mission as well as vision of the corporate leadership team.  With this type of commitment from its leaders that span over 50 countries, GO Global is definitely on track to continue its success.
“We are thrilled with the outstanding results we achieved in March, and we are deeply grateful to our members for their unwavering support. Our commitment to transparency, accountability, and accessibility is at the core of everything we do.”
said CEO Nader Poordeljoo.

Despite being a relatively new player in the industry, GO Global has already set new benchmarks for the sector, and the number of sign-ups in March was evidence of the

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