LifeVantage Fiscal 2021 Revenue Falls 5.5 Percent to 220.2 Million

LifeVantage reported fiscal 2021 revenue of 220.2 million dollars, down 5.5 percent from 232.9 million dollars. Diluted earnings were 0.90 dollars a share, compared with 0.79 dollars. Adjusted earnings were 1.00 dollars a share, compared with 0.86 dollars. Adjusted EBITDA rose 3.7 percent to 24.8 million dollars. The company bought back 1.2 million shares for 11.9 million dollars and ended the year with 23.2 million dollars in cash and no debt.

Fourth-quarter revenue was 54.8 million dollars, down 7.7 percent from a year earlier and up 6.2 percent from the prior quarter. Diluted earnings were 0.35 dollars a share and adjusted earnings were 0.31 dollars, up 10.7 percent year over year. Active accounts fell 5.0 percent to 170,000. Americas revenue for the year fell 7.0 percent and Asia Pacific and Europe fell 1.6 percent.

Chief executive and chief financial officer Steve Fife said fourth-quarter revenue met expectations and earnings were slightly ahead, even with lower sales. Fiscal 2022 guidance was revenue of 225 million to 235 million dollars, adjusted EBITDA of 22 million to 24 million dollars, and adjusted earnings of 0.83 to 0.87 dollars a share. He said customer counts improved sequentially for the first time in a year.