LifeVantage Corporation announced today that Mark Jaggi has been appointed Chief Financial Officer for the company effective August 24, 2015.
Mr. Jaggi is a highly experienced finance and operations executive, having spent the past 20 years in lead financial, operational, and strategic planning roles. Most recently, Mr. Jaggi served as Chief Financial Officer at TwinLab Consolidated Holdings, where he led and supported their debt and equity financing, as well as the financial and operational decision-making in all areas of the business.
Prior to TwinLab Consolidated Holdings, Mr. Jaggi served as Chief Executive Officer and Chief Financial Officer at Summit Industries, a manufacturer and marketer of pharmaceutical and non-regulated liquid and cream solutions. Prior to Summit Industries, Mr. Jaggi was Chief Financial Officer at O’Sullivan Industries, where he led the international financial processes including analysis, accounting
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Lifevantage Prelim Annual Revenues $190 Million
by Ramya Chandrasekaran • • 0 Comments
Lifevantage announced preliminary results for the fourth quarter and full year ended June 30, 2015.
For the fourth fiscal quarter ended June 30, 2015, the Company expects to report revenue of approximately $45 million, compared to $56 million for the same period of fiscal 2014. The change in revenue was primarily due to a decline in revenue from Japan. Operating income for the fourth quarter of 2015 was $1.5 million, compared to $4.7 million in the fourth fiscal quarter of 2014.
For the full fiscal year ended June 30, 2015, the Company expects to report revenue of approximately $190 million, compared to $214 million in fiscal 2014. Operating income for full fiscal year 2015 was $13.9 million, compared to $19.5 million in the prior year period.
During the full year of fiscal 2015, the Company
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LifeVantage Launches Sports Science Lab
by Ramya Chandrasekaran • • 0 Comments
LifeVantage Corporation has announced the launch of the LifeVantage Sport Science Lab at Real Salt Lake. The LifeVantage Sports Science Lab is designed to measure and assess the player’s response to training stress. This joint venture will be housed within Rio Tinto Stadium and all testing will be conducted by the Real Salt Lake Sports Science Department under the direction of Dan Barlow, Director of Sports Science and Performance for Real Salt Lake.
“By monitoring the player’s individual responses to training stress, the Sports Science Team at Real Salt Lake can more closely adjust workout and recovery regimens, cellular stress profiles, and nutrition and supplement interventions,” said Shawn Talbott, PhD., Chief Science Office at LifeVantage Corporation. “Their ability to benchmark and measure oxidation, inflammation and biochemistry within the cellular stress profiles of their players
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LifeVantage Q3 Revenues $43 Million
by Ramya Chandrasekaran • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN) today reported financial results for its third quarter and nine months ended March 31, 2015.
Third Quarter Fiscal 2015 Highlights:
Revenue was $45 million compared to $55 million in the prior year period;
Revenue in the Americas increased by 1% compared to the prior year period;
Adjusted EBITDA was $3.3 million, compared to $5.7 million in the prior year period;
Identified annual cost structure savings of approximately $4 million.
Dave S. Manovich, Executive Vice Chairman of LifeVantage stated, “We are very pleased with our recently announced appointment of Darren Jensen as our next President and Chief Executive Officer. Throughout the transition to a new CEO, we have focused on taking the necessary steps to help us reignite top and bottom line growth. We have identified approximately $4 million in annual cost reductions. Approximately $1.3 million
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LifeVantage Names Darren Jensen as CEO
by Ramya Chandrasekaran • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), announced today that Darren Jensen has been named President and Chief Executive Officer for the company.
Mr. Jensen’s appointment is effective May 18, 2015..
“LifeVantage is uniquely positioned as one of the leading product-driven business opportunities available,” said Jensen. “I am honored and delighted to work together with our independent distributors to execute our vision of bringing that opportunity to the world.”
Jensen brings 25 years of global network marketing and direct selling experience to LifeVantage from companies selling a variety of product types including nutritional supplements and personal care products.
“Darren Jensen is a well-known and a respected visionary leader in the global network marketing and direct selling industry,” said Garry Mauro, Chairman of the Board of Directors for LifeVantage Corporation. “The Board quickly recognized that Darren’s unparalleled track record of
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LifeVantage Launches In Thailand
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), has announced the expansion of its its direct selling business into Thailand.
The company has opened an office in the city of Bangkok to support this new market. The facility is designed to provide a central location where Distributors can host business-building meetings, conduct training, and host events.
The office also allows for a more expedited process for purchasing and receiving LifeVantage products.
“At the beginning of this fiscal year, we disclosed our plan to expand operations into Thailand during fiscal 2015,” said LifeVantage Executive Vice Chairman Dave Manovich. “The World Federation of Direct Selling Associations reports that Thailand is a market of more than 11 million distributors that generated total revenues of more than $3 billion in 2013.
We believe our expansion into Thailand is directly in-line with our
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LifeVantage Recaps Female Entrepreneur Business Event
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), hosted its first ever women’s event in Las Vegas, Nevada. More than 1,300 women attended this sold out event.
The inagural event focused on providing professional training specific to women and featured keynote speakers Noelle Pikus-Pace the celebrated two sport Olympic athlete, wife, mother, and business owner, along with Melanie “Mel” Robbins, the world-renowned television and radio host, CNN contributor, mother, author, life coach and entrepreneur.
In addition to the world-renowned keynote speakers, top-level female independent Distributors and corporate executives from LifeVantage Corporation hosted sessions designed to educate women about the benefits of owning their own business, marketing and selling to men as well as other women, and what it means to be a successful businesswoman with the company.
“This first-ever “empowering women” event exceeded all of my expectations,” said Dave Phelps,
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LifeVantage Opens Corporate Office In Hong Kong
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, announced the opening of a brand new, state-of-the-art office facility in the Empress Plaza, Hong Kong. This new facility was designed to provide a central location where Distributors can host business-building meetings and conduct training events.
We anticipate the office will also allow for a more expedited process for purchasing and receiving LifeVantage products in the Hong Kong region. The opening of the corporate office in Hong Kong coincides with the two-year anniversary of the company’s expansion into the Hong Kong market.
“We are making this significant investment in the Hong Kong market to facilitate the growth of the business in a sustainable manner,” said LifeVantage President and Chief Executive Officer Douglas C. Robinson.
“We continue to be excited about our presence in the Hong Kong market and remain committed to our pledge of providing world-class support to the Distributors in the market, and our Asia Pacific region at large.”
About LifeVantage Corporation
LifeVantage Corporation, is a science based network marketing company that is dedicated to visionary science that looks to transform health, wellness and anti-aging internally and externally at the cellular level. The company is the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, the TrueScience™ Anti-Aging Skin Care
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LifeVantage President & CEO To Present At WFDSA World Congress
by Nicole Dunkley • • 0 Comments
LifeVantage Corporation, announced that Douglas C. Robinson will be presenting at The World Federation of Direct Selling Associations (WFDSA) World Congress in the city of Rio De Janeiro.
Mr. Robinson is participating as a member of a three-person panel representing fast growing direct selling companies from different geographical regions and cultures that will present their most successful strategies and results within their respective organizations.
The World Federation of Direct Selling Associations is a non-governmental organization representing the direct selling sector globally, bringing together over 60 Direct Selling Associations around the world as members.
“The WFDSA is bringing direct selling organizations from around the world under one roof to share best practices,” explained LifeVantage President and Chief Executive Officer Douglas C. Robinson. ” I am excited to be selected as a presenter for such a prestigious and a monumental event. It is truly an honor.”
About LifeVantage Corporation
LifeVantage Corporation, is a science based network marketing company that is dedicated to visionary science that looks to transform health, wellness and anti-aging internally and externally at the cellular level. The company is the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, the TrueScience™ Anti-Aging Skin Care Regimen, Canine Health, and the AXIO™ energy product line.
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LifeVantage Enhances Its Sales And Marketing Management Team
by Ted Nuyten • • 0 Comments
LifeVantage Corporation (Nasdaq:LFVN), has announced the hiring of Ann-Celeste Billings as Vice President of Marketing, Calli Mott as Vice President of Sales Administration, and John Genna as Vice President of Public Relations and Corporate Partnerships.
Ms. Billings has 18 years of global network marketing experience, has created numerous successful global brands and launched more than 200 products during her career. She has held senior management positions at NuSkin, Morinda Inc., and USANA, and has fostered an environment of complete alignment towards achieving strategic sales goals.
Ms. Mott also brings global network marketing experience to LifeVantage. She has worked for the past eight years at MonaVie in significant roles in customer service, global expansion, business development, sales and nearly every facet of distributor-facing roles. Her extensive experience in North America and multiple markets in Asia will be a tremendous asset to all strategic sales initiatives for LifeVantage.
Mr. Genna has been with LifeVantage since August of 2012, most recently as Vice President of Marketing and Communications. He has more than 20 years experience in marketing, communications, public relations and sports management roles. His new role allows Mr. Genna to focus on driving public awareness for LifeVantage, maximizing the jersey-front sponsorship of Real Salt