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LifeVantage Announces Planned Retirement of Steve Fife and CEO Succession Plan
Globenewswire· 2026-02-04 21:05
Group 1 - LifeVantage Corporation announced the retirement of Steve Fife, President and CEO, effective April 2026, with a transition period to ensure business continuity [1][2] - The Board of Directors is conducting an extensive executive search for a new CEO, expected to be announced in the coming months [1][2] - Steve Fife has been recognized for his exceptional leadership and strategic insights that have transformed the company's business and driven growth [2] Group 2 - LifeVantage is a pioneer in nutrigenomics, focusing on how nutrition and natural compounds can enhance health at the cellular level [3] - The company's product line includes the Protandim® family, TrueScience® Liquid Collagen, and various activation-supporting nutrients, among others [3] - LifeVantage operates through independent consultants who sell products and offer business opportunities to entrepreneurs [3]
LifeVantage Announces Financial Results for the Second Quarter of Fiscal 2026
Globenewswire· 2026-02-04 21:04
Core Insights - LifeVantage Corporation reported a significant decline in revenue for the second quarter of fiscal 2026, with total revenue of $48.9 million, representing a 27.8% decrease compared to the same quarter in fiscal 2025 [5][10]. - The company announced a new $60 million share repurchase authorization, replacing the previous program, which reflects its commitment to returning capital to shareholders [13]. - LifeVantage is focusing on stabilizing its GLP-1 business and expanding its product portfolio, particularly with the LoveBiome line, while also planning to enter new international markets [4]. Financial Performance - Revenue for the second quarter of fiscal 2026 was $48.9 million, down 27.8% year-over-year, with a 32.6% decrease in the Americas region and a 2.1% decrease in the Asia/Pacific & Europe region [5][8]. - Gross profit was $36.2 million, or 74.0% of revenue, down from 80.5% in the same period last year, primarily due to a $2.4 million inventory obsolescence allowance related to the MindBody GLP-1 System [6][10]. - Net income for the quarter was $0.3 million, or $0.02 per diluted share, compared to $2.6 million, or $0.19 per diluted share, in the prior year [10][11]. Operational Highlights - Commissions and incentives expense decreased to $19.9 million, or 40.7% of revenue, from $32.5 million, or 48.0% of revenue, in the prior year, reflecting changes in promotional programs and customer mix [7][8]. - Selling, general and administrative (SG&A) expenses increased to $15.8 million, or 32.3% of revenue, compared to $18.6 million, or 27.5% of revenue, in the same period last year [8][9]. - The company generated $0.5 million in cash from operations during the first half of fiscal 2026, down from $8.6 million in the same period last year [12]. Strategic Initiatives - LifeVantage plans to launch several new products under the LoveBiome brand in the upcoming quarters, targeting high-growth categories [4]. - The company anticipates fiscal 2026 revenue in the range of $185 million to $200 million, with adjusted EBITDA expected between $15 million and $19 million [15]. - The company declared a cash dividend of $0.045 per common share, to be paid on March 16, 2026 [14].
LifeVantage to Announce Second Quarter Fiscal Year 2026 Results on February 4, 2026
Globenewswire· 2026-01-21 21:05
Core Viewpoint - LifeVantage Corporation will release its financial results for the second quarter ended December 31, 2025, on February 4, 2026, after market close, followed by a conference call for investors [1]. Group 1: Financial Results Announcement - The financial results will be released after the stock market closes on February 4, 2026 [1]. - A conference call for investors is scheduled for 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) on the same day [1]. Group 2: Participation Details - Investors can participate in the live call by dialing (877) 704-4453 from the U.S. or (201) 389-0920 for international callers [2]. - A telephone replay will be available approximately two hours after the call and can be accessed until February 18, 2026, using specific confirmation codes [2]. Group 3: Webcast Information - A live webcast of the conference call will be available on the Investor Relations section of the company's website and will be archived for approximately 30 days [3]. Group 4: Company Overview - LifeVantage Corporation is a pioneer in nutrigenomics, focusing on how nutrition and natural compounds can activate health at the cellular level [4]. - The company offers a range of scientifically validated products, including the Protandim® family, TrueScience® Liquid Collagen, and various activation-supporting nutrients [4]. - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah [4].
LifeVantage Kicked Off 2026 With Global Kickoff, a Virtual Event Showcasing Innovation and Integration
Globenewswire· 2026-01-12 21:05
Core Insights - LifeVantage Corporation announced the successful conclusion of its Global Kickoff event, emphasizing a theme of "Breakthrough" for 2026, aimed at fostering growth, innovation, and community among its Consultants and consumers [1][2] Group 1: Company Developments - The integration of LoveBiome has strengthened LifeVantage's global sales force, aligning the organization around a unified vision for 2026 [2] - The company launched the Daily Activation App, which is available to both Consultants and customers, providing a centralized platform for tracking product usage and personal goals [3] - The Activate90 Challenge, running for 12 weeks starting January 12, is designed to support participants in achieving physical, mental, and financial goals, encouraging daily habit formation [4] Group 2: Scientific Insights - LifeVantage shared new scientific data during the Global Kickoff, highlighting the effectiveness of the Healthy Edge wellness system, which combines products from LifeVantage and LoveBiome [5] - A third-party in vitro study demonstrated that the Healthy Edge system activated 358 unique genes, showing a greater impact than individual products, with 29 genes linked to enhanced cellular learning and stress resilience [6] - Additional product innovations are planned for 2026, including former LoveBiome products and new offerings from LifeVantage [6]
LifeVantage Appoints Seasoned Technology Executive Mike Edwards as Chief Technology Officer to Drive Digital Innovation
Globenewswire· 2026-01-07 21:05
Core Insights - LifeVantage Corporation has appointed Mike Edwards as Chief Technology Officer, bringing over 25 years of experience in technology leadership and enterprise transformation [1][2]. Company Overview - LifeVantage Corporation, listed on Nasdaq as LFVN, specializes in health and wellness products that activate optimal health processes at the cellular level [1][5]. - The company is a pioneer in nutrigenomics, focusing on how nutrition and naturally occurring compounds can unlock genetic health potential [5]. Leadership and Strategy - Mike Edwards is recognized as a strategic leader with a strong track record in translating technological innovation into measurable business impact, which is expected to accelerate LifeVantage's digital transformation [2]. - His expertise includes eCommerce, AI, CRM systems, and mobile technology, which will be critical for expanding the company's global footprint and enhancing technology solutions for independent consultants and customers [2][4]. Technology and Innovation - Edwards has previously led comprehensive transformation initiatives in eCommerce platforms, AI implementation, and customer experience enhancement, modernizing legacy systems and scaling global eCommerce infrastructure [3][2]. - The focus will be on leveraging cutting-edge technology to streamline operations and create seamless experiences for consultants and customers [4].
LifeVantage to Participate in the 28th Annual ICR Conference
Globenewswire· 2026-01-06 21:05
Company Overview - LifeVantage Corporation (Nasdaq: LFVN) is a leading health and wellness company focused on activating optimal health processes at the cellular level [1][3] - The company specializes in nutrigenomics, which studies how nutrition and naturally occurring compounds can unlock genetic health [3] - LifeVantage offers a range of scientifically validated products, including the Protandim® family, TrueScience® Liquid Collagen, and the MindBody GLP-1 System™ [3] Upcoming Event - Steve Fife, President and CEO, and Carl Aure, CFO, will present at the 28th Annual ICR Conference on January 12, 2026, at approximately 1:00 p.m. Eastern Time [1][2] - A webcast of the presentation will be available on the company's Investor Relations website [2] Product Portfolio - The product line includes activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic energy drink mixes [3] - LifeVantage also offers a full range of TrueScience® skin and hair care products and Petandim®, a supplement for dogs to combat oxidative stress [3] Company Background - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah [3] - The company operates through independent Consultants who sell products and share business opportunities with potential entrepreneurs [3]
LifeVantage (NasdaqCM:LFVN) Conference Transcript
2025-12-11 20:02
LifeVantage Conference Summary Company Overview - **Company**: LifeVantage Corporation (NasdaqCM: LFVN) - **Industry**: Nutrigenomics and Direct Selling - **Business Model**: Direct-selling of premium-quality supplements, energy, and skincare products through independent consultants globally [4][5] Key Points and Arguments 2025 Performance and Strategic Direction - LifeVantage is recovering from inventory stockouts of the MindBody GLP-1 system and is exiting 2025 positively due to the LoveBiome acquisition [5][6] - The company has modernized its compensation plan and invested in technology to accelerate growth [5][6] - The acquisition of LoveBiome is highlighted as a significant achievement, emphasizing the alignment of vision and values between the two companies [6][7] LoveBiome Acquisition - LoveBiome's key product, P84, focuses on gut health and has shown impressive results in in vitro studies, with increases of over 1,000% in certain peptides [11][13] - The integration of LoveBiome consultants into LifeVantage's Evolve Compensation Plan has been successful, with training and incentives in place to facilitate the transition [19][20] Product Development and Research - LifeVantage distinguishes itself by focusing on activating the body's natural health processes rather than just supplementation [11][12] - The company plans to continue research on P84 and its synergistic benefits with existing products like Protandim and GLP-1 [14][24] Geographic Expansion - LifeVantage has paused geographic expansion in recent years but is now focusing on broadening its international presence, starting with a successful launch in Iceland [27][28] - Future expansions are planned, including potential launches in the Canary Islands and other markets [29][30] Financial Outlook and Capital Allocation - The company remains committed to share repurchases and dividends, with approximately $17 million available for share buybacks [33][35] - Capital allocation will prioritize investments in e-commerce and integration efforts related to LoveBiome [36][41] Upcoming Events and Initiatives - A global kickoff event is scheduled for January 2026, where a new theme and incentives will be announced, focusing on subscriptions for consultants and customers [23][24] - The company anticipates a global convention in October 2026, expected to feature product launches and recognition of achievements [45][46] Additional Important Information - LifeVantage's focus on subscriptions is seen as a key growth area, leveraging the benefits of recurring revenue [23] - The company is committed to continuous improvement in product strategy, compensation plans, and technology to support growth [27][33]
LifeVantage to Participate in Water Tower Fireside Chat on Thursday, December 11, 2025
Globenewswire· 2025-12-10 13:00
Core Insights - LifeVantage Corporation, a leader in health and wellness, focuses on activating optimal health processes at the cellular level [1] - The company will participate in the Water Tower Fireside Chat Series on December 11, 2025, featuring CEO Steve Fife and CFO Carl Aure [1][2] Company Overview - LifeVantage Corporation is a pioneer in nutrigenomics, which studies how nutrition and natural compounds can unlock genetic health [3] - The company's product line includes Protandim® family, TrueScience® Liquid Collagen, MindBody GLP-1 System™, and P84, among others [3] - LifeVantage also offers activation-supporting nutrients like Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic energy drinks and TrueScience® skin and hair care products [3] - Founded in 2003 and headquartered in Lehi, Utah, LifeVantage operates through independent consultants who sell products and offer business opportunities [3]
New Study Finds LifeVantage's P84 Positively Impacts Gut Peptide Production, Activating Key Elements for Comprehensive Gut Health
Globenewswire· 2025-11-12 13:00
Core Insights - LifeVantage Corporation announced new in vitro study results for its proprietary P84 formula, demonstrating significant biological activity in cellular pathways related to gut regulation, repair, and restoration [1][2] Group 1: Study Findings - The study measured targeted gene expression and protein concentration across four gut cell types, examining 14 gut peptides and proteins that regulate gut health [1] - All 14 peptides were positively influenced, with notable increases such as GRP (gastrin-releasing peptide) showing an increase of 1,087%, TFF3 (trefoil factor 3) increasing by 116%, and VIP (vasoactive intestinal peptide) increasing by 100% [6] - The results exceeded typical biomarker changes of 20-30%, indicating a strong impact of P84 on gut health [2] Group 2: Product Development and Strategy - The next phase of research will involve mRNA sequencing analysis of the P84 blend in combination with other LifeVantage products, including Protandim Nrf2 Synergizer and MindBody GLP-1 System™ [3] - LifeVantage integrated P84 into its product portfolio following the acquisition of LoveBiome, a company focused on gut and microbiome health, in October 2025 [4] - P84 is marketed as part of the Healthy Edge Stack, aimed at enhancing consumer health through cellular activation [4] Group 3: Company Overview - LifeVantage Corporation is a pioneer in nutrigenomics, focusing on how nutrition and natural compounds can influence gene expression and health [5] - The company offers a range of scientifically validated products, including the Protandim® family, TrueScience® Liquid Collagen, and the comprehensive gut activator P84 [5]
LifeVantage Empowers Consultants to “Love Life & Drive” at Momentum Academy 2025
Globenewswire· 2025-10-28 12:00
Core Insights - LifeVantage Corporation successfully concluded Momentum Academy 2025, an event aimed at empowering Consultants and enhancing business engagement [1][5] - The event marked the first integration of LoveBiome Consultants with LifeVantage, fostering collaboration and alignment between the two companies [2][5] Event Overview - Momentum Academy 2025 took place from October 23-25 at the Hilton Anatole in Dallas, TX, under the theme "Love Life & Drive" [1][2] - The event featured workshops, seminars, and keynotes focused on business acceleration, leadership potential, enrollment, retention, and advancement strategies [3] Product Launch - Attendees were introduced to Healthy Edge, combining Protandim® Nrf2 Synergizer with LoveBiome P84, aimed at supporting cellular health [4] - This event marked the first opportunity for Consultants and consumers to purchase LoveBiome P84 directly through LifeVantage, alongside other exclusive products [4] Company Vision - The President and CEO of LifeVantage emphasized the importance of unity and empowerment among Consultants, highlighting the innovative spirit of the company [5] - LifeVantage positions itself as a pioneer in nutrigenomics, focusing on products that activate health at the cellular level [7]