Tag Archive for LifeVantage

LifeVantage Launches Training For Young Millenial Entrepreneurs

 
LifeVantage Corporation LFVN, is hosting its first-ever exclusive 3-day Rules of Engagement seminar designed to teach, train and mentor their young entrepreneur Distributors. The most important purpose of this historic seminar is to welcome the young members of the millennial generation as they embrace the business opportunity, products and positioning of LifeVantage in unprecedented numbers.
These young entrepreneurs are laying a foundation of success and this seminar is designed to give them the necessary tools to establish a strong business career. The event is currently taking place at The Flamingo Hotel and Casino on the famous Las Vegas strip. The educational mentoring sessions are being hosted by some of the most successful young entrepreneurs already within the Elite Ranks of LifeVantage Distributors.

“Our main objective for hosting this event is to have our Distributors gain insights into the energy, passion and drive that fuel these incredible young men and women,” said Dave Phelps, Chief Sales Officer at LifeVantage. “Millennials have vast networks of friends that are connected and driven to achieve their dreams in unconventional ways and LifeVantage is the perfect vehicle where they can learn significant business skills to help them achieve life-long Freedom.”

LifeVantage President and Chief Executive Officer Douglas C.

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LifeVantage Announces 4th Quarter Results – Up 8%+ to 56 Million

 
 LifeVantage Corporation (Nasdaq:LFVN), a company dedicated to helping people achieve healthy living through a combination of a compelling business opportunity and scientifically validated products, today reported financial results for its fourth quarter and full fiscal year ended June 30, 2014.
Fourth Quarter Fiscal 2014 Highlights:
Revenue was $56.0 million, an increase of 8.8% over the prior year period;
Revenue increased in the Americas by 12.3% compared to the prior year period;
Operating income was $4.8 million and net income was $2.4 million; and
Successfully launched the TrueScienceTM Skin Care Regimen.
Full Year Fiscal 2014 Highlights:
Revenue was $214.0 million, an increase of 2.8% over the prior year;
Revenue increased in the Americas by 6.1% over the prior year;
Operating income was $19.5 million and net income was $11.4 million;
Cash from operations grew 13.5%; ended the fiscal year with cash of $20.4 million;
Repurchased $46.2 million in shares and reduced long-term debt by $16.2 million; and
Began Real Salt Lake Major League Soccer marketing sponsorship.
Douglas C. Robinson, President and Chief Executive Officer of LifeVantage, stated, “We are pleased to report revenue growth for the fourth quarter and full fiscal year. Our sales results reflect reignited growth in North America, partially offset by lower sales in Japan caused by continued distractions. We were successful in leveraging our general and administrative infrastructure while making important investments in sales and marketing, product development and geographic expansion initiatives. Throughout fiscal year

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