LifeVantage Corporation (Nasdaq: LFVN) reported revenue of $56.1 million for its third quarter ended March 31, 2020, a 0.1 percent increase over the third quarter of fiscal 2019.
Revenue in the Americas for the third quarter declined 0.5 percent compared to the third quarter of fiscal 2019 and revenue in the Asia/Pacific & Europe region increased 1.6 percent compared to the third quarter of fiscal 2019. Revenue for the third quarter of fiscal 2020 was negatively impacted 0.1 million, or 0.2 percent, by foreign currency fluctuations associated with revenue generated in international markets when compared to the third quarter of fiscal 2019.
“We continued to generate strong gains in operating income and adjusted EBITDA during the third quarter while holding revenue consistent with the prior year period. While the current global health pandemic has had a modest negative impact on our business activities, our operating model and the recurring revenue base inherent in our subscription model is demonstrating resiliency across our global footprint and our strong balance sheet and robust cash flow position our company very well,” stated LifeVantage President and Chief Executive Officer Darren Jensen.
For the first nine months of fiscal 2020, the company reported revenue of $173.5 million, an increase of 2.2 percent as compared to $169.8 million for the first nine months of fiscal 2019. Revenue in the Americas for the first nine months of fiscal 2020 increased 0.6 percent compared to the first nine months of fiscal 2019 and revenue in the Asia/Pacific & Europe region increased 6.5 percent compared to the first nine months of fiscal 2019. Revenue for the first nine months of fiscal 2020 was positively impacted $0.5 million, or 0.3 percent, by foreign currency fluctuations associated with revenue generated in international markets when compared to the first nine months of fiscal 2019.
To read the complete LifeVantage Q3 2020 financial report, click here.
