Tag Archive for LifeVantage

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LifeVantage Q4 Revenue Up 12.6% To $50.6 Million

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LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its fourth quarter and full year ended June 30, 2017.
LifeVantage is a Tripple A classified opportunity by Business For Home.

“We finished fiscal 2017 on a strong note, posting 12.5% sequential revenue growth compared to the third quarter,” stated LifeVantage President and Chief Executive Officer Darren Jensen.

“I am excited about the progress we have and are making against each of our key focus areas.
We are in a transformational period where we are building the assets to transform our business model into a technology powered solution for both distributors and consumers with enhanced tools, product solutions and business development activities.
As fiscal 2018 progresses, we will be rolling out a series of initiatives that support each of our key focus areas, investing in technologies that set us apart from our peers and investing in our distribution network.
We are laying the groundwork for both near-term growth and long-term success in a new economy with consumers that are more engaged and empowered than ever to leverage the LifeVantage offerings.”
Fourth Quarter Fiscal 2017 Highlights:

Revenue increased 12.5% sequentially to $50.6 million when compared to $45.0 million in the third quarter of fiscal 2017 and decreased 4.5% when compared to

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LifeVantage Announces Plans For Expansion Into Germany

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LifeVantage Corporation (Nasdaq:LFVN),  – a Triple A Rated Opportunity by Business For Home – recently hosted an exclusive event for thousands of distributors, business leaders and entrepreneurs in Denver, Colorado.
The 3-day Elite Academy featured significant corporate announcements, professional development training from more than 25 business experts and was headlined by New York Times best-selling author, Dr. John C. Maxwell.
Dr. Maxwell has partnered with the Company to create a custom leadership course based on his book, The 15 Invaluable Laws of Growth to teach entrepreneurs the necessary skills to succeed in today’s world. Dr. Maxwell’s next LifeVantage seminar will take place during the company’s Elite Academy in Orlando, FL in November 2017.
“Elite Academy is one of my favorite events and Denver exceeded all expectations,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“In addition to delivering valuable professional and personal development training, EA is an immensely powerful vehicle for helping the company succeed in our mission of biohacking the aging code and to activate the lives of millions of people.”
The Company officially announced plans for expansion into Germany and has planned a pre-launch date for Germany of September 1, 2017.
The pre-launch will give customers a chance to purchase products or sign-up as

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LifeVantage Q3 Sales Of Fiscal 2017 $45 Million

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LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its third quarter ended March 31, 2017.
“We began to see the turn in sequential sales momentum as the third quarter progressed,” stated LifeVantage President and Chief Executive Officer Darren Jensen
“While sales were negatively impacted early in the quarter, we finished the third quarter with reaccelerating sales growth as we were finalizing the implementation of remedies relating to a recent review of international policies and procedures.
We enter the fourth quarter with renewed business momentum and completed a successful global convention in April that included our rebranding of several key product lines, the introduction of product bundles that deliver greater value for customers and distributors, and integrated applications and technology solutions that were well received by distributors.
Finally, we are progressing with plans to broaden our geographical footprint, and look forward to discussing specific activities to support this growth as the plan progresses.”
Third Quarter Fiscal 2017 Summary:

Revenue decreased 19.9% to $45.0 million, compared to $56.2 million in the third quarter of fiscal 2016;
Revenue in the Americas decreased 21.9% and revenue in Asia/Pacific & Europe decreased 12.5%, both when compared to the comparable period of fiscal 2016;
Adjusted EBITDA decreased 68.3% to $1.6 million, compared to $5.1

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LifeVantage Highlights Additions To Corporate Governance Team

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LifeVantage Corporation, commented today on the enhanced strategic skills and experience added to its corporate governance team over the past two months.
“I am extremely proud of the depth and breadth of strategic skills and business experience we have added to both our executive team and Board of Directors over the last couple of months,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“Over the past couple weeks, we have strengthened our management team by adding highly qualified individuals to the positions of Chief Financial Officer and Chief Operating Officer.
I would also like to highlight the recent additions to our Board of Directors: Raymond Greer, Vinayak Hegde and Darwin Lewis. These three independent Board members each bring relevant strategic capabilities to our Board that will further aid in the achievement of

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LifeVantage Appoints Charles J. Wach As Chief Operating Officer

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LifeVantage Corporation (Nasdaq:LFVN), – a Triple A classified opportunity by Business For Home –  announced today the appointment of Charles J. Wach as Chief Operating Officer, effective March 13, 2017.
“We are pleased to have Charles ‘Chuck’ Wach join the company as COO,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“He is an accomplished leader with operations experience in the nutritional supplement, direct selling, online retail, and global food and beverage industries.
His proven skills will help us to enhance our operations and deliver shareholder value. Additionally, Chuck’s supply-chain expertise and relationships with suppliers and manufacturers across salient product categories will expand our sourcing and manufacturing resources, broadening our supply chain and increasing efficiencies.”
“I am genuinely honored and excited to join the talented leaders at LifeVantage,” said Wach. “I look forward

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LifeVantage Announces Management Change

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LifeVantage Corporation (Nasdaq:LFVN), announced today the appointment of Gary Koos as Interim Chief Financial Officer, effective January 19, 2017.
Mark Jaggi’s employment with the Company has been terminated, effective immediately. The Company has undertaken a search for a permanent Chief Financial Officer.
“We are pleased to have Gary Koos join the company as Interim CFO,” said LifeVantage President and Chief Executive Officer, Darren Jensen. “In addition to his international financial expertise and leadership capabilities, Gary’s extensive operational skills and experience establishing enterprise-wide policies and controls will be vital as we continue to focus on creating value for our shareholders.”
Mr. Koos brings more than 35 years of financial and leadership experience, having served in multiple C-level financial and operational roles across a broad range of industries. Most recently, Mr. Koos served as Head of

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LifeVantage 2016 Sales Up 8.5% To $206.5 Million

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LifeVantage Announces Financial Results for Fiscal Year 2016 and the First Quarter of Fiscal 2017
Company files Forms 10-K and 10-Q for periods ended June 30, 2016 and
 September 30, 2016, respectively 
Expects to regain compliance with Nasdaq listing rules 
First Quarter of Fiscal 2017 Revenue Increased 21.0% year-over-year 
Fourth Quarter of Fiscal Year 2016 Revenue Increased 17.1% year-over-year 
Fiscal Year 2016 Revenue Increased 8.5% to $206.5 million 
Company Initiates Fiscal 2017 Guidance
LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its fourth fiscal quarter and full fiscal year ended June 30, 2016; and its first fiscal quarter of 2017.
“Today we filed our Form 10-K for fiscal 2016 and our Form 10-Q for the first fiscal quarter of 2017 and are again current with our SEC filings, which puts us back into compliance with our loan covenants and is expected

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LifeVantage Expands Into The Province Of Quebec

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LifeVantage Corporation, has announced its continued expansion into Canada, and officially began sales activities in the province of Quebec on November 5, 2016.
According to the World Federation of Direct Selling Associations (WFDSA), the Direct Selling industry in Canada represents nearly 800,000 independent sales contractors whose sales were more than $2 billion CAD in 2015.
“Canada is currently our fourth largest market from a revenue perspective,” said LifeVantage President and Chief Executive Officer, Darren Jensen.
“Quebec is the second-most populous province in Canada with more than 8.2 million people residing in its 17 regions, so our ability to expand into this region is critical for our continued success within the country.”
About LifeVantage Corporation
LifeVantage Corporation, is a science based network marketing company dedicated to visionary science that looks to transform health, wellness and anti-aging internally and

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LifeVantage Ranks 6th On Utah Business Magazine Fast 50

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For the third time in the past five years, LifeVantage has been ranked in the Top 10 on Utah Business magazine’s annual Fast 50. The company ranks #6 on the 2016 list that was just released by Utah Business.
The Utah Business Fast 50 recognizes 50 of the fastest growing companies in the state, celebrating them for their entrepreneurial spirit, innovative business tactics, and skyrocketing revenue growth.
The companies are selected and ranked based on financial data submitted to an independent accountant for analysis.
“It is a tremendous honor to be ranked in the Utah Business Fast 50. Our repeated ranking in the top 10 demonstrates that LifeVantage is a dynamic, expanding, and sustainable company that is focused on long-term growth objectives,” said LifeVantage President and Chief Executive Officer Darren Jensen. “This a just

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Study Confirms Protandim Extends Life

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A new study sponsored by the NIA ITP and published in Aging Cell found what developers and users of LifeVantage – a Triple AAA+ classified opportunity by Business For Home – have held to be true for a very long time.
As part of the NIA ITP federally-funded program that examines treatments with the “potential to extend lifespan and delay disease and dysfunction,” and thereby extend lifespan, researchers provided the supplement Protandim® mice in a rigorous and carefully controlled study.
The result: Protandim was proven to “significantly increase the lifespan of male mice, with a 7 percent increase in median survival.” The findings on female mice were less dramatically conclusive, showing an increase in lifespan of 3 percent.
Since the NIA ITP program’s inception in 1999, Protandim is the only nutritional supplement tested that

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