LifeVantage
August 28, 2024
SALT LAKE CITY, August 28, 2024 --
LifeVantage reported fiscal fourth-quarter revenue of 48.9 million dollars, down 9.8 percent from a year earlier, as Americas revenue fell 4.1 percent and Asia/Pacific and Europe revenue fell 25.2 percent. Net income was 0.10 dollars per diluted share, compared with 0.15 dollars a year earlier.
For fiscal 2024, which ended June 30, revenue fell 6.2 percent to 200.2 million dollars, while adjusted EBITDA rose 44.7 percent to 17.0 million dollars and net income rose to 0.23 dollars per diluted share from 0.20 dollars. The company repurchased 1.0 million shares, ended the year with 16.9 million dollars in cash and no debt, and declared a 0.04 dollar quarterly dividend.
President and CEO Steve Fife said a focus on operational excellence lifted profitability despite top-line headwinds, and that a new weight management system will launch in the U.S. in October. LifeVantage guided fiscal 2025 revenue of 200 million to 210 million dollars and adjusted EBITDA of 18 million to 21 million dollars.