LifeVantage
October 29, 2024
SALT LAKE CITY, October 29, 2024 --
LifeVantage reported fiscal first-quarter 2025 revenue of 47.2 million dollars, down 8.1 percent from a year earlier, or about 7.7 percent excluding foreign-currency effects. Net income rose to 1.8 million dollars, or 0.14 dollars per diluted share, from 0.6 million dollars, or 0.05 dollars, and adjusted EBITDA increased 11 percent to 4.4 million dollars.
President and Chief Executive Steve Fife said the company launched its MindBody GLP-1 System on October 11 and that early response from consultants and customers was strong, expanding the addressable market for weight-management products. Americas revenue fell 4.2 percent while Asia/Pacific and Europe fell 19.7 percent.
The company reiterated fiscal 2025 guidance for revenue of 200 million to 210 million dollars, adjusted EBITDA of 18 million to 21 million dollars and adjusted EPS of 0.70 to 0.80 dollars. It declared a 0.04 dollar quarterly dividend payable December 16, 2024, and ended the quarter with 14.6 million dollars in cash and no debt.