LifeVantage Sales Down 2.5 Percent to $54.8 Million

LifeVantage Corp. (LFVN—NASDAQ) reported revenue of $54.8 million, a decline of 2.5 percent from the prior year period, for its first quarter ended September 30, 2020. Revenue in the Americas decreased 3.7 percent and revenue in Asia/Pacific & Europe increased 0.7 percent. Total active accounts decreased 3.9 percent sequentially to 172,000, while declining 5.0 percent compared to the prior year period. Earnings per diluted share were $0.17, up 41.7 percent over the prior year period. Adjusted earnings per diluted share were up 92.3 percent to $0.25, compared to $0.13 in the prior year period. Adjusted EBITDA increased 42.5 percent compared to the prior year period to $6.7 million. The company repurchased 136,000, or $2.0 million, of common shares, and had a strong balance sheet with $18.0 million of cash and no debt.