LifeVantage Fiscal Second Quarter Revenue Falls 11.6 Percent to 52.2 Million

LifeVantage said revenue for the fiscal second quarter ended December 31, 2021, was 52.2 million dollars, down 11.6 percent from a year earlier and 1.9 percent sequentially. Diluted earnings per share were 1 cent, versus 26 cents a year earlier. Adjusted EBITDA was 1.9 million dollars, down 71.6 percent. Active accounts fell 6.3 percent to 163,000. Americas revenue fell 17.1 percent, while Asia/Pacific and Europe rose 2.1 percent.

Chief executive Steve Fife said COVID restrictions slowed in-person activity and delayed the Philippines launch ramp into January. The company cut fiscal 2022 guidance to revenue of 212 million to 220 million dollars, adjusted EBITDA of 18 million to 20 million dollars, and adjusted earnings per share of 0.67 to 0.71 dollars. It ended the quarter with 20.2 million dollars in cash and no debt after buying back about 0.5 million shares in the quarter.