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