LifeVantage(US:LFVN)2025-11-04 21:06Revenue and Profitability - Revenue for the first quarter of fiscal 2026 was $47.6 million, a 0.7% increase compared to the first quarter of fiscal 2025[6] - Gross profit for the first quarter was $37.8 million, representing 79.5% of revenue, down from 79.9% in the prior year due to increased shipping and warehouse expenses[7] - Net income for the first quarter was $2.2 million, or $0.17 per diluted share, up from $1.8 million, or $0.14 per diluted share a year ago[12] - Adjusted EBITDA for the first quarter was $3.9 million, down from $4.4 million in the comparable period last year[13] - Total revenue for the three months ended September 30, 2025, was $47,561,000, a slight increase of 0.73% compared to $47,214,000 in the same period of 2024[30] - Gross profit for the same period was $37,816,000, resulting in a gross margin of approximately 79.5%[30] - Net income for the three months ended September 30, 2025, was $2,155,000, representing an increase of 18.0% from $1,826,000 in 2024[30] - The diluted earnings per share for the three months ended September 30, 2025, was $0.17, up from $0.14 in the prior year[39] - Non-GAAP adjusted EBITDA for the three months ended September 30, 2025, was $3,921,000, down from $4,428,000 in 2024, a decrease of 11.5%[37] Expenses and Cash Flow - Commissions and incentives expense was $20.7 million, or 43.5% of revenue, compared to 43.0% in the same period last year[8] - The company used $2.3 million of cash from operations during the first three months of fiscal 2026, compared to $0.6 million in the same period of fiscal 2025[14] Shareholder Returns and Guidance - The company repurchased 44,000 common shares for approximately $0.6 million during the first quarter, with $16.7 million remaining under the current repurchase program[15] - The company declared a cash dividend of $0.045 per common share, payable on December 15, 2025[16] - Fiscal year 2026 guidance includes revenue in the range of $225 million to $240 million and adjusted EBITDA of $23 million to $26 million[17] - The company anticipates that revenue in the second half of the fiscal year will be higher than in the first half due to seasonality and the impact of the LoveBiome acquisition[17] Customer and Account Metrics - Total active accounts decreased by 2,000 to 121,000 as of September 30, 2025, a decline of 1.6% year-over-year[34] - Active independent consultants increased by 1,000 to 48,000, reflecting a growth of 2.1% compared to the previous year[34] - Active customers decreased by 3,000 to 73,000, a decline of 3.9% from 76,000 in 2024[34] Assets and Liabilities - Total current assets decreased to $45,048,000 from $50,894,000, a decline of 11.6%[28] - Total liabilities decreased to $28,422,000 from $37,317,000, a reduction of 23.8%[28]