LifeVantage
February 2, 2023
SALT LAKE CITY, Utah, February 2, 2023 -- LifeVantage Corporation reported fiscal second-quarter revenue of 53.7 million dollars for the period ended December 31, 2022, up 2.8 percent from a year earlier and about 7.4 percent excluding currency. Americas revenue rose 14.4 percent, including a 15.4 percent increase in the United States, while Asia/Pacific and Europe fell 20.2 percent, or about 7.0 percent in constant currency.
The company posted a net loss of 1.1 million dollars, or 0.08 dollars per diluted share, versus net income of 0.01 dollars per share a year earlier. Adjusted EBITDA was 0.8 million dollars compared with 1.9 million dollars. Active accounts fell 8.6 percent to 149,000. Cash was 17.4 million dollars with no debt.
President and chief executive Steve Fife said the LV360 transformation, including a new compensation plan and customer loyalty program set to go live March 1, plus new products, positions the company for growth. Fiscal 2023 guidance is revenue of 202 million to 212 million dollars and adjusted EBITDA of 11 million to 13 million dollars.