Sandy, Utah-based LifeVantage Corporation reported financial results for its fourth quarter and full fiscal year ended June 30, 2018.
For the fourth fiscal quarter ended June 30, 2018, the company reported revenue of $54.0 million, an increase of 6.7 percent as compared to $50.6 million in the fourth quarter of fiscal 2017. Revenue in the Americas for the fourth quarter increased 4.7 percent compared to the fourth quarter of fiscal 2017 and revenue in the Asia/Pacific & Europe region increased 13.3 percent compared to the fourth quarter of fiscal 2017. Active independent distributors were consistent with the third quarter of 2018 and active customers increased 5.5 percent sequentially.
“We are very pleased to finish fiscal 2018 on a strong note, exceeding our adjusted earnings per share guidance and reporting accelerated revenue growth both on a year over year and a sequential basis,” stated LifeVantage President and Chief Executive Officer Darren Jensen. “The initiatives implemented over the last year have driven improved growth and retention of our active members (total active distributors and customers), higher average order sizes, broadened our product portfolio and geographical footprint and put us at the forefront of the technologically-driven evolution of network marketing.”
For the fiscal year ended June 30, 2018, the company reported net revenue of $203.2 million, an increase of 1.9 percent compared to $199.5 million for fiscal 2017. In fiscal 2018, revenue in the Americas increased 0.5 percent and revenue in Asia/Pacific & Europe increased 6.1 percent. Revenue for fiscal 2018 was positively impacted $0.2 million, or 0.1 percent, by foreign currency fluctuations associated with revenue generated in several international markets.
To read the full LifeVantage Q4 and full year 2018 financial report, click here.
