SALT LAKE CITY, Aug. 26, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, recently hosted its exclusive Rise Retreat in Park City, UT. The event brought together top enrolling Independent Consultants for a weekend blending leisure, adventure and strategic collaboration, with the event serving as an exclusive preview for the Company's upcoming product launch. Held from Augu ...

SALT LAKE CITY, Aug. 14, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN) a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced that it will release financial results for its fourth quarter and full fiscal year ended June 30, 2024, after the stock market closes on Wednesday, August 28, 2024. The Company will hold a conference call for investors at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) that same day. I ...

SALT LAKE CITY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced an exciting refresh to its Rewards Circle Customer loyalty program in its U.S., Australia and New Zealand markets. This comprehensive update introduces new benefits and enhancements designed to provide greater value and optimize engagement for Customers, while also adding Subscription ...

The Open House call on the 23rd will feature a Q&A with LifeVantage President and CEO, Steve Fife, Chief Sales Officer, Kristen Cunningham, and Regional Vice President of Sales, Jake Hines. The discussion will include the evolution of the Company and how LifeVantage has positioned itself for future growth in direct sales. Consumer advocate, environmental champion, business leader, and LifeVantage Board Member, Erin Brockovich, will also join the call to share what attracted her to the Company, as well as gi ...

"LV360 enabled us to evolve into a company poised to meet the needs of individuals sharing their commitments to health and wellness through incredible activation products as well as entrepreneurs looking to build and grow successful businesses," said Steve Fife, President and CEO. "And as rewarding as the past several years have been, the best is yet to come thanks to our thriving community. Activate 2024 celebrated LifeVantage, past, present and future." "This product introduction will be a game-changer fo ...

SALT LAKE CITY, July 22, 2024 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, held its global Activate 2024 virtual event on Saturday, July 20, 2024. The event, supported by Consultant-hosted watch parties and local gatherings, served as a platform to reaffirm its commitment to the direct selling industry as it looked back at several years of transformation to leapfrog the com ...

Date: Thursday, June 6, 2024 Presentation time: 2:00pm ET Location: Convene – 810 7th Ave., NYC – 23rd Floor Registration: MicroCap Rodeo - Spring into Summer | Registration Webcast link: https://www.webcaster4.com/Webcast/Page/3045/50680 Management will be available for one-on-one meetings at each conference and a live webcast of each presentation will be accessible on the News & Events section of the Company's Investor Relations website at https://lifevantage.gcs-web.com/. Shortly following each presentat ...

LifeVantage Announces Financial Results for the Third Quarter of Fiscal 2024 Salt Lake City, UT, May 2, 2024, LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its third fiscal quarter ended March 31, 2024. Third Quarter Fiscal 2024 Summary*: * All comparisons are on a year over year basis and compare the third quarter of fiscal 2024 to the third quarter of fisc ...

Financial Performance - Total revenue for the three months ended March 31, 2024, was $48,245,000, a decrease of 9.3% compared to $53,741,000 for the same period in 2023[16] - Gross profit for the three months ended March 31, 2024, was $38,073,000, down from $43,123,000 in the same period last year, reflecting a gross margin decrease[16] - Net income for the three months ended March 31, 2024, was $1,659,000, an increase of 62.4% compared to $1,022,000 for the same period in 2023[16] - Commissions and incentives for the three months ended March 31, 2024, were $19,714,000, down from $23,816,000 in the same period last year, a decrease of 17.6%[16] - Selling, general and administrative expenses for the three months ended March 31, 2024, were $16,425,000, slightly down from $17,708,000 in the same period last year[16] - The company reported a basic net income per share of $0.13 for the three months ended March 31, 2024, compared to $0.08 for the same period in 2023[16] - Net income for the nine months ended March 31, 2024, was $1,632,000, compared to $574,000 for the same period in 2023, representing an increase of 184%[23] - Cash provided by operating activities for the nine months ended March 31, 2024, was $9,615,000, significantly higher than $3,065,000 for the same period in 2023[23] - The Company recognized income tax expense of $7,000 for the nine months ended March 31, 2024, compared to $0.9 million for the same period in 2023[54] - Net foreign currency losses for the three months ended March 31, 2024, were $0.1 million, compared to gains of $36,000 for the same period in 2023[33] Assets and Liabilities - Total current assets decreased to $37,797,000 as of March 31, 2024, from $44,284,000 as of June 30, 2023, representing a decline of 14.6%[15] - Total liabilities increased to $34,538,000 as of March 31, 2024, compared to $31,474,000 as of June 30, 2023, indicating a rise of 9.8%[15] - The total stockholders' equity decreased to $26,769,000 as of March 31, 2024, from $34,649,000 as of June 30, 2023, a decline of 22.8%[15] - Total assets as of March 31, 2024, were $136,198,000, reflecting a growth from $133,424,000 as of March 31, 2023[20] - The Company had $13.1 million in cash accounts at one financial institution as of March 31, 2024, down from $17.0 million as of June 30, 2023[35] Stock and Dividends - The Company repurchased $4,599,000 worth of its stock during the nine months ended March 31, 2024[23] - Cash dividends paid during the nine months ended March 31, 2024, totaled $6,437,000, compared to $1,141,000 for the same period in 2023[23] - In August 2023, the Board of Directors declared a quarterly cash dividend of $0.035 per share and a one-time cash dividend of $0.40 per share, with total cash dividends for the three and nine months ended March 31, 2024 amounting to $0.4 million and $6.4 million, respectively[77] - The Company purchased 0.3 million shares of common stock for $1.9 million under the repurchase program during the three months ended March 31, 2024[72] - The Company has $22.3 million remaining under its share repurchase program as of March 31, 2024[72] Inventory and Expenses - As of March 31, 2024, total inventory was $15.162 million, a decrease of 5.7% from $16.073 million as of June 30, 2023[37] - Finished goods accounted for 74.4% of total inventory as of March 31, 2024, compared to 75.6% as of June 30, 2023[37] - Research and development expenses for the nine months ended March 31, 2024, were $0.5 million, an increase from $0.4 million for the same period in 2023[45] - Operating lease expense for the three months ended March 31, 2024, was $0.5 million, down from $0.6 million in 2023[61] - Stock-based compensation for the nine months ended March 31, 2024, was $2,524,000, up from $2,242,000 for the same period in 2023[23] Future Outlook - The company anticipates ongoing challenges in managing existing markets and expanding into new international markets, which may impact future performance[10] - The Company assesses potential contingent liabilities and has determined there are no probable loss contingencies requiring accrual as of March 31, 2024[86] Market Operations - The company operates in multiple international markets, including the United States, Mexico, Japan, and several European countries, and has ceased its e-commerce operations in China as of March 15, 2023[27] Loan Agreements - The Company entered into a new Loan Agreement on April 12, 2024, providing for a revolving line of credit of up to $5.0 million[69] - The Loan Agreement includes covenants that restrict the Company's ability to incur additional indebtedness and requires maintenance of specified financial ratios[92] - As of the date of the report, the Company has not borrowed under the 2024 Credit Facility[94]

LifeVantage Corporation (NASDAQ:LFVN) Q2 2024 Results Conference Call January 30, 2024 4:30 PM ET Company Participants Reed Anderson - ICR Steve Fife - President, CEO Carl Aure - CFO Conference Call Participants Doug Lane - Water Tower Research Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to today's Conference Call to Discuss LifeVantage's Second Quarter of Fiscal 2024 Results. [Operator Instructions] Hosting today's conference will be Reed Anderson with ICR. As a reminder, to ...