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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 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 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]
LifeVantage Announces Financial Results for the First Quarter of Fiscal 2026
Globenewswire· 2025-11-04 21:05
Core Insights - LifeVantage Corporation reported a revenue of $47.6 million for the first quarter of fiscal 2026, reflecting a 0.7% increase year-over-year [5][10] - The company is focusing on the strategic acquisition of LoveBiome, which positions it as a leader in the natural GLP-1 activation and microbiome health markets [4] - The company expects revenue growth to accelerate in the second half of the fiscal year due to seasonality and the impact of the LoveBiome acquisition [15] Financial Performance - Revenue for the first quarter of fiscal 2026 was $47.6 million, a 0.7% increase from the same period in fiscal 2025 [5][10] - Gross profit was $37.8 million, representing 79.5% of revenue, slightly down from 79.9% in the previous year [6] - Net income for the first quarter was $2.2 million, or $0.17 per diluted share, compared to $1.8 million, or $0.14 per diluted share in the prior year [10][11] Expense Analysis - Commissions and incentives expense increased to $20.7 million, or 43.5% of revenue, up from 43.0% in the previous year [7] - Selling, general and administrative (SG&A) expenses were $14.9 million, or 31.2% of revenue, slightly down from 31.4% in the prior year [8] - Adjusted EBITDA for the first quarter was $3.9 million, compared to $4.4 million in the same period last year [11] Balance Sheet & Liquidity - 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 [12] - Cash and cash equivalents at September 30, 2025, were $13.1 million, down from $20.2 million at June 30, 2025 [12] Shareholder Returns - LifeVantage repurchased 44,000 common shares for approximately $0.6 million during the first quarter [13] - A cash dividend of $0.045 per common share was declared, to be paid on December 15, 2025 [14] Guidance - The company reiterated its revenue guidance for fiscal 2026 in the range of $225 million to $240 million, with adjusted EBITDA expected between $23 million and $26 million [15]
LifeVantage to Announce First Quarter Fiscal Year 2026 Results on November 4, 2025
Globenewswire· 2025-10-21 20:05
Core Viewpoint - LifeVantage Corporation will release its financial results for the first quarter ended September 30, 2025, on November 4, 2025, after market close, followed by a conference call for investors [1] Financial Results Announcement - The financial results will be announced after the stock market closes on November 4, 2025 [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] 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 November 18, 2025 [2] Webcast Information - A live webcast of the conference call will be available on the Investor Relations section of the company's website [3] - The webcast will be archived for approximately 30 days [3] Company Overview - LifeVantage Corporation is a pioneer in nutrigenomics, focusing on how nutrition and natural compounds can enhance health at the cellular level [4] - The company offers a range of products, including the Protandim® family, TrueScience® Liquid Collagen, and various health-supporting nutrients [4] - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah [4]
LifeVantage Announces Closing of LoveBiome Acquisition
Globenewswire· 2025-10-02 12:00
Core Insights - LifeVantage Corporation has successfully completed the acquisition of LoveBiome, enhancing its position in the direct sales and gut health market [1][2] - The acquisition allows LifeVantage to expand its product portfolio into the growing microbiome health sector and strengthen its market presence in the US, Taiwan, and Europe [2] Company Overview - LifeVantage Corporation is a pioneer in nutrigenomics, focusing on how nutrition and natural compounds can activate health at the cellular level [3] - The company offers a range of scientifically validated products, including the Protandim® family, TrueScience® Liquid Collagen, and various health-supporting nutrients [3] - LifeVantage operates through independent consultants who sell products and provide business opportunities to aspiring entrepreneurs [3]
LifeVantage to Participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025
Globenewswire· 2025-09-22 12:00
Group 1 - LifeVantage Corporation will participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025, with CEO Steve Fife and CFO Carl Aure presenting [1][2] - The presentation is scheduled for approximately 11:00 a.m. Eastern Time and will be available via a live webcast on the company's Investor Relations website [2] - LifeVantage specializes in nutrigenomics, offering products that activate health processes at the cellular level, including the Protandim® family, TrueScience® Liquid Collagen, and various health-supporting nutrients [3] Group 2 - LifeVantage was founded in 2003 and is headquartered in Lehi, Utah, focusing on health and wellness products that work with individual biology [3] - The company also provides a business opportunity for independent consultants to sell its products and promote entrepreneurship [3]
LifeVantage Announces Financial Results for the Fourth Fiscal Quarter and Full Fiscal Year 2025
Globenewswire· 2025-09-04 20:05
Core Insights - LifeVantage Corporation reported a strong financial performance for the fourth quarter and full fiscal year 2025, with a revenue growth of approximately 13% to $55.1 million in Q4 and 14.2% to $228.5 million for the full year [6][9][14] - The international business showed growth for the first time in nearly three years, particularly in the Asia/Pacific and Europe regions, which increased by approximately 8% [6][9] - The company has a strong balance sheet with $20.2 million in cash and no debt, positioning it well for future growth [22] Fourth Quarter Fiscal 2025 Summary - Revenue for Q4 was $55.1 million, a 12.6% increase year-over-year, with a 14.1% increase in the Americas and a 7.6% increase in Asia/Pacific & Europe [7][9] - Gross profit was $44.0 million, representing 79.9% of revenue, compared to 79.5% in Q4 fiscal 2024 [8] - Net income for Q4 was $2.0 million, or $0.15 per diluted share, up from $1.3 million, or $0.10 per diluted share in the prior year [12][9] Fiscal Year 2025 Summary - Total revenue for fiscal 2025 was $228.5 million, a 14.2% increase from $200.2 million in fiscal 2024 [14] - Gross profit for the year was $183.7 million, or 80.4% of revenue, compared to 79.3% in fiscal 2024 [15] - Net income for the year was $9.8 million, or $0.75 per diluted share, compared to $2.9 million, or $0.23 per diluted share in fiscal 2024 [19] Share Repurchase and Dividend - The company repurchased 0.3 million shares for $3.1 million during fiscal 2025, with approximately $17.3 million remaining under the current repurchase program [21] - A cash dividend of $0.045 per common share was declared, to be paid on September 16, 2025 [23] Fiscal Year 2026 Guidance - LifeVantage expects revenue in the range of $225 million to $240 million for fiscal 2026, with adjusted EBITDA of $23 million to $26 million [24]
LifeVantage Announces Acquisition of LoveBiome, Expanding Leadership in Direct Sales, Microbiome Health and Wellness
Globenewswire· 2025-09-03 21:00
Core Insights - LifeVantage Corporation has announced a definitive agreement to acquire LoveBiome, a direct sales company focused on microbiome health solutions, enhancing its position in the gut health market [1][3] - The acquisition aligns with LifeVantage's mission to activate optimal health processes and expand its product offerings in the growing gut health sector [1][5] - The global gut health supplement market is projected to grow from $14.4 billion in 2025 to $32.4 billion by 2035, with a robust CAGR of 8.4% [5] Company Strategy - The acquisition of LoveBiome is seen as a strategic move to enhance LifeVantage's Activation differentiation and broaden its community reach [1][5] - LifeVantage aims to leverage LoveBiome's expertise in microbiome science to complement its existing product portfolio, including the Protandim® family and MindBody GLP-1 System™ [1][5] - The integration of LoveBiome's innovative P84 product is expected to strengthen LifeVantage's offerings in gut health, which is increasingly recognized for its impact on overall wellness [1][5] Transaction Details - LifeVantage will acquire LoveBiome's critical operating assets and retain key personnel, including founder Kelly Olsen, to ensure operational continuity [3] - The acquisition is expected to close by mid-October, pending customary closing conditions and regulatory approvals [3] - The transaction is anticipated to enhance revenue growth and be accretive to Adjusted EPS and Adjusted EBITDA in the first year, with additional synergy opportunities [5]