February 02, 2011
Financial News, February 2011
LifeVantage Corporation (LFVN.ob-OTC Bulletin Board) announced preliminary unaudited net revenue for its second fiscal quarter of 2011. The company anticipates net revenue of approximately $7.4 million for the three-month period ended Dec. 31, 2010. This represents an increase of approximately $1.0 million, or 15 percent, over net revenue of $6.4 million for the three-month period ended Sept. 30, 2010. This is also an approximate $4.9 million, or 196 percent, increase in net revenue over the $2.5 million net revenue reported for the same quarter last year.
Along with recording net revenue of approximately $7.4 million, the company also anticipates reporting operating income of at least $500,000 in the second fiscal quarter 2011. Operating income of $500,000 would generate nearly a 7 percent operating profit margin for the quarter, compared to an operating loss of $2.7 million, or 109 percent, in the same quarter last year.
LifeVantage Corporation is a publicly traded, science-based, nutraceutical company dedicated to helping people reach their health and wellness goals. Founded in 2003 and based in San Diego, Calif., LifeVantage develops products, including Protandim®, that are intended to deliver significant health benefits to consumers.
Educational Development Corporation
Educational Development Corporation (EDUC-NASDAQ) reported results for the third quarter of fiscal 2011, ended Nov. 30, 2010. EDUC reported net revenue of $9,484,600 for the quarter ended Nov. 30, 2010, compared to $10,016,400 for the same period last year; and net earnings of $776,900, compared to $925,100 for the same period last year. The publishing division posted a net revenue gain of 2.4 percent for the quarter and 3.4 percent for the nine months ended Nov. 30, 2010 over the same period in 2009.
The home business experienced an 8.2 percent net revenue decline for the quarter. For the nine months ended Nov. 30, 2010, net revenues declined 7.5 percent over the same period last year. Quarterly dividend is 15 cents per share.
Educational Development Corporation sells children’s books, including Usborne Books and the Kane/Miller line of international children’s titles, through a multi-level sales organization of independent consultants, through 5,000 retail stores and over the Internet. More than 1,500 titles are available for children of all ages, with periodic new additions.