LifeVantage is a reputable global public (Nasdaq) company that offers health and wellness products and is a pioneer in nutrigenomics, the study of how nutrition and naturally occurring compounds affect human genes to support good health.
The Company engages in the identification, research, development, formulation and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath & body, and targeted relief products.
Many wonder if joining LifeVantage as a distributor can generate extra income. While we can’t make any promises, it’s worth noting that in 2022, LifeVantage generated an impressive revenue of $213 million, indicating its success.
Additionally, with 48% of that revenue potentially going towards commission, opportunities may exist for those who join. Remember, outcomes may vary, but LifeVantage offers an inspiring path towards financial potential.
LifeVantage in Facts and Figures
LifeVantage, headed by CEO Steve Fife, displayed a modest yet pronounced performance in its 2022 fiscal results. The company, which is situated in the United States, recorded a revenue of $213 million marking a 3% increase from the 2021 figures. Interestingly, the compensation plan managed to pay out a decent 48%, which summed up to about $102 million in commission.
The company’s reputation is further animated
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LifeVantage Q4 Revenue Up 6.4 % To $54.2 Million
by Team Business For Home • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN) a leading health and wellness company with products designed to activate optimal health processes, today reported financial results for its fourth quarter and full fiscal year ended June 30, 2023.
Fourth Quarter Fiscal 2023 Summary*:
Revenue of $54.2 million, an increase of 6.4% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was up approximately 7.8%;
Revenue in the Americas increased 17.9% including an 18.6% increase in the United States.
Revenue in Asia/Pacific & Europe decreased 16.0% and was down approximately 3.9% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 8.3% from the prior period to 143,000, reflecting a 3.8% decline in the Americas and a 18.0% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.15, versus loss of $0.11 a year ago;
Adjusted earnings per diluted share were $0.17, compared to $0.01 a year ago; and
Adjusted EBITDA of $4.8 million, compared to $1.7 million a year ago.
* All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2023 to the fourth quarter of fiscal 2022, unless otherwise noted.
Fiscal Year 2023 Summary**:
Revenue increased 3.4% to $213.4 million. Excluding the negative impact of
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LifeVantage Appoints New President and Director of Japan
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), a leading health and wellness company with products designed to activate optimal health processes, recently announced the appointment of Michael Allen as President and Director of LifeVantage Japan.
Mr. Allen has over 30 years of experience in the Asia-Pacific region, serving in executive, sales, marketing, finance, and operational roles for multiple direct selling companies including Forever Living, Avon, and Amway.
Most recently, Mr. Allen was CEO at CMA-Interactive, a company he co-founded to specialize in business transformations.
“Michael joins us at a pivotal time as our LV360 strategic transformation initiatives, including our new, modern Consultant compensation plan, Evolve, and Customer loyalty program roll out to Japan’s dynamic leaders and culture,”
said Kristen Cunningham, Chief Sales Officer of LifeVantage.
“His broad, deep experience in the region, including his time transforming other businesses, solidifies him as the right leader for this growing LifeVantage market. We are so pleased to have him on the team.”
Mr. Allen’s enthusiasm for transformation stems from his core values. He credits his passion for the industry to its ability to provide possibilities to anyone looking to add value to their life.
“What really excites me is helping others to fulfill their passions,”
said Mr. Allen.
“I believe true, sustained success is achieved by
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LifeVantage Q3 Fiscal 2023 – Revenue Up 7.5% to $53.7 million
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN) recently reported financial results for its third fiscal quarter ended March 31, 2023.
Third Quarter Fiscal 2023 Summary*:
Revenue of $53.7 million, an increase of 7.5% from the prior year period. Excluding the negative impact of foreign currency fluctuations, third quarter revenue was up approximately 10.4%;
Revenue in the Americas increased 18.2% including a 19.5% increase in the United States. Revenue in Asia/Pacific & Europe decreased 14.2% and was down approximately 5.1% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 5.1% from the prior year period to 149,000, reflecting flat accounts in the Americas and a 16.3% decline in Asia/Pacific & Europe;
Net income per diluted share were $0.08, versus $0.09 per diluted share a year ago;
Adjusted earnings per diluted share were $0.08, versus $0.12 a year ago;
Adjusted EBITDA of $3.3 million, compared to $3.4 million a year ago; and
Strong balance sheet with $19.5 million of cash and no debt.
* All comparisons are on a year over year basis and compare the third quarter of fiscal 2023 to the third quarter of fiscal 2022, unless otherwise noted.
“Third quarter results demonstrate significant early progress of our LV360 strategic transformation initiatives, including our new Evolve compensation plan,”
said Steve Fife, President and Chief
Hot Business News Today
LifeVantage Sales Up 2.8% To $53.7 Million
by Team Business For Home • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its second fiscal quarter ended December 31, 2022.
Second Quarter Fiscal 2023 Summary*:
Revenue of $53.7 million, an increase of 2.8% from the prior year period. Excluding the negative impact of foreign currency fluctuations, second quarter revenue was up approximately 7.4%;
Revenue in the Americas increased 14.4% including a 15.4% increase in the United States. Revenue in Asia/Pacific & Europe decreased 20.2% and was down approximately 7.0% excluding the negative impact of foreign currency fluctuations;
Total active accounts declined 8.6% from the prior year period to 149,000, reflecting a decline of 7.1% in the Americas and a 12.0% decline in Asia/Pacific & Europe;
Net loss per diluted share were $0.08, versus net income of $0.01 per diluted share a year ago;
Adjusted loss per diluted share were $0.07, versus adjusted earnings per diluted share of $0.05 a year ago;
Adjusted EBITDA of $0.8 million, compared to $1.9 million a year ago; and
Strong balance sheet with $17.4 million of cash and no debt.
* All comparisons are on a year over year basis and compare the second quarter of fiscal 2023 to the second quarter of fiscal 2022, unless otherwise noted.
“We reached a positive inflection point in the second quarter, delivering year-over-year revenue growth of
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LifeVantage Revenue Fiscal Year 2022 Down 6% To $206.4 Million
by Team Business For Home • • 0 Comments
LifeVantage Corporation today reported financial results for its fourth quarter and full fiscal year ended June 30, 2022.
Fourth Quarter Fiscal 2022 Summary*:
Revenue of $50.9 million, a decrease of 7.0% from the prior year period. Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue was down approximately 3%;
Revenue in Asia/Pacific & Europe increased 0.7%
Revenue in the Americas decreased 10.5%.
Excluding the negative impact of foreign currency fluctuations, fourth quarter revenue in Asia/Pacific & Europe increased approximately 12.8%;
Total active accounts declined 8.2% from the prior period to 156,000, reflecting a 10.9% decline in the Americas and a 2.0% decline in Asia/Pacific & Europe;
Loss per diluted share were $0.11, versus earnings per diluted share of $0.35 a year ago;
Adjusted earnings per diluted share were $0.01, compared to $0.31 a year ago;
Adjusted EBITDA of $1.7 million, compared to $6.6 million a year ago; and
Repurchased 103,391 shares.
*All comparisons are on a year over year basis and compare the fourth quarter of fiscal 2022 to the fourth quarter of fiscal 2021, unless otherwise noted.
Fiscal Year 2022 Summary**:
Revenue decreased 6.3% to $206.4 million.
Excluding the negative impact of foreign currency fluctuations, fiscal year 2022 revenue was down approximately 4.2%;
Revenue in Asia/Pacific & Europe increased 3.8% and revenue
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6,000 Distributors Attended The LifeVantage Convention 2022
by Team Business For Home • • 0 Comments
LifeVantage Corporation (Nasdaq: LFVN), a pioneer in nutrigenomics, hosted Activate 2022 throughout the Salt Lake City area last weekend.
The event was one of the company’s largest in-person Distributor gathering since the beginning of the global pandemic, with over 6,000 U.S. distributors in attendance in person and remotely.
The event featured new company positioning, a unique product launch, aligned sales incentives, updated social selling tools, new Distributor trainings, and a wrap up celebration held at Saturday’s Real Salt Lake game where LifeVantage serves as title sponsor.
Steve Fife, President and CEO Said:
“Activate 2022 was the launching point for our next fiscal year and our strategic initiatives to drive growth for LifeVantage in the months and years to come.
We purposefully brought our U.S. Distributors together to cast the vision for where we want to be as a company and how we inspire the remarkable throughout the world by activating wellness.”
As part of Activate 2022, LifeVantage unveiled TrueScience® Liquid Collagen, which features the rare Ruby Red Quinoa Extract (Chenopodium formosanum) and is uniquely differentiated by its three-way approach to skin and collagen health.
The proprietary ingredients activate your body’s collagen production, replenish your depleting collagen levels, and maintain those levels by reducing collagen breakdown in
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LifeVantage-sponsored Anthony Robles Sets New Pull-up World Record
by Ted Nuyten • • 0 Comments
Anthony Robles — a one-legged wrestler who won the 2011 NCAA 125-pound title and long-time LifeVantage consumer — broke the world record for pull-ups in a single minute over the weekend, pending final Guinness verification.
Robles, who turned 30 in July, cranked out 62 pull-ups Sunday during the NY Jets- Buffalo Bills game at MetLife Stadium in East Rutherford, New Jersey, besting Harvard Professor Adam Sandel’s previous record of 61.
Robles’ world record attempt was sponsored by Nike, Freemotion Fitness, and Sandy- based LifeVantage.
“Anthony embodies so much of what LifeVantage and our biohacking community are about,” said LifeVantage CMO Ryan Goodwin. “This is someone who, against all odds, has optimized his body and physical performance at the highest possible levels. His is a truly inspiring story.”
Robles’ NCAA title attracted worldwide attention and helped earn him ESPN’s “Jimmy V Award for Perseverance” and a second Espy Award for “Best Male Athlete with a Disability.” A movie about Robles’ life is currently in the works.
About LifeVantage
LifeVantage Corporation (Nasdaq:LFVN) is a pioneer in Nutrigenomics – a new science dedicated to biohacking the human aging code. The company is engaged in the identification, research, development, and distribution of advanced nutraceutical dietary supplements and skin and hair
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Attending Network Marketing Events Double Your Earnings + 119%
by Ted Nuyten • • 0 Comments
Darren Jensen, CEO LifeVantage, who recently has been awarded with the Business For Home Turn Around Award 2018 has written an excellent article named: The Social Proof Principle: Does Attending Events Matter?
Success starts with questioning everything, even our questions. This article is part of a series by LifeVantage CEO Darren Jensen that touches on a set of principles brought about by asking questions that have challenged the industry status quo.
An important fact in this article:
We also found that event attendees were 2,241% more likely to enroll somebody than their non-event-attending counterparts, were 558% more likely to rank advance if they attended at least one major event during the year, and earned, on average, 119% more.
Darren:
We recently hosted and wrapped up another successful Global Convention as a company in Salt Lake City, Utah. If you haven’t been to Utah during the autumn season, you should try it sometime. It’s stunning. The event drew nearly 5,000 people from 10 different countries around the globe.
While, as a corporation, we call the greater Salt Lake area home, many went to great lengths to join us, not only geographically – some traveled as many as 10,000 miles – but otherwise. Some braved physical limitations and health conditions that
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LifeVantage Q1 Sales Up 13.2% To $55.6 Million
by Ted Nuyten • • 0 Comments
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