Tag Archive for LifeVantage

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LifeVantage Q1 Revenue Down 7.7% To $47.2 Million

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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 first fiscal quarter ended September 30, 2024.
First Quarter Fiscal 2025 Summary*:

Revenue of $47.2 million, a decrease of 8.1% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 7.7%;
Revenue in the Americas decreased 4.2%, and revenue in Asia/Pacific & Europe decreased 19.7%. Excluding the negative impact of foreign currency fluctuations, first quarter revenue in Asia/Pacific & Europe decreased approximately 18.7%;
Net income per diluted share was $0.14, versus $0.05 per diluted share a year ago;
Adjusted earnings per diluted share was $0.15, compared to $0.13 a year ago; and
Adjusted EBITDA was $4.4 million compared to $4.0 million a year ago.

* All comparisons are on a year over year basis and compare the first quarter of fiscal 2025 to the first quarter of fiscal 2024, unless otherwise noted.

“It’s an incredible time to be at LifeVantage as we just launched the MindBody GLP-1 System™, an amazing innovation targeting consumers searching for an effective, sustainable weight management solution. This product, launched on October 11th, significantly expands our total addressable market and the

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LifeVantage Completes Successful Human Clinical Trial With New GLP-1 System

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, has completed its randomized, 12-week human clinical trial evaluating the efficacy of its innovative GLP-1 system for weight management. The study was conducted to explore the system’s potential to activate GLP-1 in users and support their health goals. * †
The clinical trial, which began in mid-June 2024, involved 60 participants and was designed to assess the impact the innovative two-product system has on weight management, food cravings, and overall well-being, among other factors. * †
Participants were divided into three groups to evaluate the system’s effects under different conditions, comparing the product system alone, the product system combined with diet and exercise guidance, and a control group, over the course of the three-month period.

“We are thrilled to have completed this key phase of our research and for the results we are seeing with these products,”

said Lisa Barnes, Vice President of Research, Development & Regulatory at LifeVantage.

“The data from this human clinical shows a remarkable ability of our unique two-product system to address weight management challenges through the natural activation of the health-supporting hormone, GLP-1. We remain confident that

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LifeVantage Annual Revenue Down 6.2% To $200.2 Million

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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 fourth quarter and full fiscal year ended June 30, 2024.
Fourth Quarter Fiscal 2024 Summary*:

Revenue of $48.9 million, a decrease of 9.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 8.0%;
Revenue in the Americas decreased 4.1% and revenue in Asia/Pacific & Europe decreased 25.2%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe decreased 18.6%;
Net income per diluted share was $0.10, versus $0.15 per diluted share a year ago;
Adjusted earnings per diluted share were $0.14, compared to $0.17 a year ago; and
Adjusted EBITDA of $4.8 million was flat compared to a year ago.

*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2024 to the fourth quarter of fiscal 2023, unless otherwise noted.
Fiscal Year 2024 Summary**:

Revenue of $200.2 million, a decrease of 6.2%.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2024 revenue was down approximately 5.2%;
Revenue in the Americas decreased 1.6%, and revenue in Asia/Pacific & Europe decreased 18.6%.
Excluding

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LifeVantage Welcomes Rajendran Anbalagan

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, announced the appointment of Rajendran (Raj) Anbalagan to the Company’s Board of Directors effective today. The appointment comes after the Board conducted a comprehensive search to identify a candidate with transformational digital skills and identified Mr. Anbalagan as an exceptional choice.

“We are very excited to welcome Rajendran Anbalagan to the LifeVantage Board. Raj brings extensive technology experience along with a deep understanding of how to leverage digital tools to drive operational excellence. His perspective will be invaluable as we continue to invest in technology solutions to enhance the customer experience and propel our future growth.”

said Ray Greer, Chairman.

“I am honored to join the Board at this pivotal moment and contribute to shaping transformative digital strategies. I look forward to collaborating with this talented team of executives and directors to leverage the power of the LifeVantage brand, advancing the Company’s mission and growth strategy.”

said Rajendran Anbalagan
After five years of service, Erin Brockovich agreed to resign effective today to make room for the appointment of Raj to the Board.

“Erin’s diverse legal and business background along with her renowned advocacy experience

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LifeVantage Optimizes Rewards Circle For Both Consultants And Customers

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LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced an exciting refresh to its Rewards Circle Customer loyalty program in its U.S., Australia and New Zealand markets.
This comprehensive update introduces new benefits and enhancements designed to provide greater value and optimize engagement for Customers, while also adding Subscription benefits for Consultants.
On the Consultant side, rewards include free shipping on enrollment orders when a Subscription is scheduled for the future, plus business-building rewards every time a Subscription ships. Customers benefit from the refresh with first-Subscription perks including free shipping and a gift with Subscriptions when over a price threshold. Customers will continue to earn towards Reward Credits with every Subscription but will now enjoy lower redemption thresholds.
Steve Fife, President and CEO of LifeVantage siad:

“Our commitment to enhancing the experience for both our Consultants and Customers is at the heart of this Rewards Circle refresh. “These updates are designed to optimize the needs and preferences of those committed to our activation products, ensuring they continue to receive exceptional value and benefits.”

The Rewards Circle refresh comes 16 months after launching the program for Customers in March 2023 as

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LifeVantage Quarter Revenue Down 10.2% To $48.2 Million

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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 third fiscal quarter ended March 31, 2024.
Third Quarter Fiscal 2024 Summary*:

Revenue of $48.2 million, a decrease of 10.2% from the prior year period. Excluding the negative impact of foreign currency fluctuations, third quarter revenue was down approximately 8.7%;
Revenue in the Americas decreased 5.9%, and revenue in Asia/Pacific & Europe decreased 22.4%. Excluding the negative impact of foreign currency fluctuations, third quarter revenue in Asia/Pacific Europe decreased approximately 16.1%;
Net income per diluted share was $0.13, versus $0.08 per diluted share a year ago;
Adjusted earnings per diluted share was $0.21, compared to $0.08 a year ago; and
Adjusted EBITDA increased 54.7% to $5.1 million.

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

“We were very pleased with our improved profitability in the third quarter reflecting continued progress with our LV360 strategic transformation,”

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

“Adjusted EBITDA was up 55% to $5.1 million for the quarter and our Adjusted EBITDA

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LifeVantage Launches TrueScience® Activated Skin Care Collection

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LifeVantage Corporation (Nasdaq:LFVN), a leading health and wellness company with products designed to activate optimal health at the cellular level, is proud to announce the launch of its TrueScience® Activated Skin Care Collection, marking a significant advancement in skincare technology and formulation.
Building on the successful October 2023 launch of TrueRenew Daily Firming Complex, a better-than-retinol alternative, LifeVantage’s entire skincare offering has been enhanced to provide skin health activation in every step. The Collection delivers a simple regimen of multi-tasking products that meet the sophisticated needs of today’s busy consumers.
The products were first revealed March 2 in Canada and Europe where they were immediately available to Consultants and Customers. The global launch continues throughout the month and into April, as they launch at various market events across the globe.
The reimagined TrueScience lineup features TrueRenew plus three, refreshed, reimagined, clean product formulas: TrueClean Refining Cleanser, TrueLift Illuminating Eye Cream, and TrueHydrate Brightening Moisturizer. Each is designed with cutting-edge science, including a patented Nrf2 ingredient blend plus additional premium, planet-friendly ingredients proven to support skin health and deliver visible anti-aging results, including brighter skin in as little as seven days.
Steve Fife, President and CEO of LifeVantage, expressed his excitement about the new collection:

“TrueRenew

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LifeVantage Q3 Revenue $51.4 Million

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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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LifeVantage Ranked As Triple AAA+ Opportunity For 2023 And 2024

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LifeVantage is a public network marketing company that has received an exceptional Business for Home rating of AAA+.
Their remarkable success reflects their commitment to providing an astounding opportunity. With a revenue of $213 million in 2022, it is evident that this business holds interesting potential. In fact, as much as 48% of this revenue could have been distributed as commission, offering individuals a motivating chance to achieve their goals.
LifeVantage is ranked as a AAA+: An awesome opportunity. This makes LifeVantage a top recommendation from Business For Home for 2023 and 2024.
The ranking is based on a number of facts and figures such as:

Momentum ranks
Simular web ranks
Company page views
Company reviews by distributors
YouTube view ranks
YouTube subscribers ranks
Revenue growth in %
Revenue growth in $ Millions
Nr of top earners 
Company head office visits
Conventions we visit all of the world
Company Recommended distributors
Insider information

We have classified the companies in our database into 4 ranks or grades, about:

  5% has a AAA+ ranking, the highest recommendation.
30% has a AA+ ranking.
35% has a A+ ranking.
30% has a B ranking.

Above data is available in the Business For Home app, both for Android as iOS. We recommend to download the (Free) app below.
LifeVantage in the news
LifeVantage, a network marketing company, has

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Hot Business News Today

Nearly 300 Leaders Announce Support for Existing LifeVantage Board

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LifeVantage Corporation (Nasdaq: LFVN) (“LifeVantage” or the “Company”), a leading health and wellness company with products designed to activate optimal health processes, issued the following statement in response to a press release issued by Bradley L. Radoff and Sudbury Capital Fund, LP (collectively with the other participants in their solicitation, the “Radoff-Sudbury Group”):

“LifeVantage did not compensate any consultant for providing a statement to the media regarding the consultants’ perspectives on LifeVantage’s strategy, Board of Directors and leadership team.
The nearly 300 consultants who signed the statement in support of the Company –who are responsible for over 80% of the Company’s net revenue – did so voluntarily, independently and without any compensation. LifeVantage took no part in drafting the consultants’ statement.
The Radoff-Sudbury Group’s allegations to the contrary are simply false.”

LifeVantage earlier press release:
A coalition of nearly 300 Senior Marketing Consultants to LifeVantage Corporation who represent more than 80 percent of the company’s revenue, announced their support for the existing company Board and management.
Many of the company’s Field Advisory Board Members signed an open letter expressing confidence in the existing leadership and direction of the company.
Tyler Daniels, a LifeVantage Field Advisory Board Member who helped organize the coalition of signers, said,

“In unity, we

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