LifeVantage Corporation reports developments for a health and wellness company built around nutrigenomics, dietary supplements, skin and hair care products, nootropic energy drink mixes, and pet supplements. Its product line includes Protandim, TrueScience Liquid Collagen, MindBody GLP-1 System, LoveBiome P84, AXIO, TrueScience skin and hair care products, and Petandim, sold through independent Consultants to customers.
Company news commonly covers quarterly results, regional sales trends, product innovation, patents tied to cellular-signaling supplement compositions, consultant events and training, international market expansion, executive leadership changes, share repurchases, and cash dividends. Updates also describe capital allocation and the company’s direct-selling business model.
LifeVantage (Nasdaq:LFVN) declared a quarterly cash dividend of $0.04 per share, reflecting a 14.3% increase from the previous quarter. The dividend will be paid on June 14, 2024, to stockholders of record as of May 31, 2024.
LifeVantage reported financial results for the third quarter of Fiscal 2024 with revenue of $48.2 million, a 10.2% decrease from the prior year. Adjusted EBITDA increased by 54.7% to $5.1 million. Despite revenue declines in the Americas and Asia/Pacific & Europe, positive trends were seen in operating margins and productivity gains. The company repurchased shares and announced a cash dividend of $0.04 per share. Fiscal Year 2024 guidance projects revenue of $202-$205 million and adjusted EBITDA of $16-$18 million.
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