LifeVantage
August 23, 2022
LifeVantage said revenue for the fiscal fourth quarter ended June 30, 2022, was 50.9 million dollars, down 7.0 percent from a year earlier. The company posted a net loss of 1.4 million dollars, or 11 cents per diluted share, versus net income of 4.9 million dollars a year earlier. Adjusted EBITDA was 1.7 million dollars. Active accounts fell 8.2 percent to 156,000.
Full fiscal-year 2022 revenue was 206.4 million dollars, down 6.3 percent, with diluted earnings per share of 24 cents and adjusted EBITDA of 12.8 million dollars. Cash was 20.2 million dollars with no debt. The board approved a quarterly cash dividend of 3 cents per share payable September 15, 2022. Fiscal 2023 guidance called for revenue of 200 million to 212 million dollars and adjusted EBITDA of 12 million to 14 million dollars. Chief executive Steve Fife cited innovation, the Philippines launch, and digital tools.