LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its fourth quarter and full fiscal year ended June 30, 2018.
Fourth Quarter Fiscal 2018 Highlights:
Revenue increased 6.7% to $54.0 million year over year and 6.9% sequentially;
Revenue in the Americas increased 4.7% year over year and 6.6% sequentially. Revenue in Asia/Pacific & Europe increased 13.3% year over year and 7.8% sequentially;
Active independent distributors were consistent with the third quarter of 2018 and active customers increased 5.5% sequentially;
Adjusted EBITDA increased 58.8% year over year to $5.2 million;
Earnings per diluted share were $0.21, up from $0.01 in the prior year period; and
Adjusted earnings per diluted share were $0.20, up from $0.04 in the prior year period.
* All year over year growth rates compare the fourth quarter of fiscal 2018 to the fourth quarter of fiscal 2017. All sequential growth rates compare the fourth quarter of fiscal 2018 to the third quarter of fiscal 2018.
Fiscal Year 2018 Highlights:
Revenue increased 1.9% to $203.2 million;
Revenue in the Americas increased 0.5% and revenue in Asia/Pacific & Europe increased 6.1%;
Active independent distributors decreased 1.6% and active customers increased 3.6%;
Adjusted EBITDA increased 13.9% to $14.9 million;
Earnings per diluted share were $0.41, compared to $0.11 in fiscal 2017; and
Adjusted earnings per diluted share were $0.51, compared to $0.27 in fiscal 2017.
*All growth rates compare fiscal 2018 to fiscal 2017.
”We are very pleased to finish fiscal 2018 on a strong note, exceeding our