LifeVantage Corporation today reported financial results for its fourth quarter and full year ended June 30, 2015.
Fourth Quarter Fiscal 2015 Highlights:
Revenue was flat at $45.3 million when compared sequentially to $45.2 million for the third fiscal quarter of 2015;
Revenue in the Americas increased 2.5% and revenue in Asia/Pacific decreased 5.5% on a sequential basis;
Adjusted EBITDA decreased to $3.1 million, compared to $3.3 million in the third fiscal quarter of 2015;
Completed implementation of annual cost structure improvements of approximately $4 million.
Full Year Fiscal 2015 Highlights:
Revenue was $190.3 million compared to $214.0 million for the prior fiscal year;
Revenue in the Americas decreased 2.2% and revenue in Asia/Pacific decreased 28.2% compared to the prior fiscal year;
Adjusted EBITDA was $17.4 million compared to $24.5 million for the prior year;
Reduced long-term debt to $20.7 million at