LifeVantage Corporation (Nasdaq: LFVN) reported financial results for its second quarter ended December 31, 2018.
- Revenue increased 17.6% to $58.2 million year over year and 4.6% sequentially; Revenue in the Americas increased 15.0% year over year and 3.3% sequentially.
- Revenue in Asia/Pacific & Europe increased 25.0% year over year and 8.2% sequentially; Active members increased 8.2%, including independent distributor growth of 6.5% and active customer growth of 9.3% year over year.
“We are very pleased with our record quarterly revenue generated during the second quarter, reflecting growth across nearly all of our markets and the positive impact of our product, geographical and member growth strategies,” said LifeVantage President and Chief Executive Officer Darren Jensen. “Given the strong sales trends through the first half of the year and our enhanced sales trajectory, we are increasing our fiscal 2019 revenue guidance.”
According the Jensen, the launch of Taiwan at the beginning of fiscal 2019 enhanced the Greater China region and was a key contributor to distributor growth during the second quarter. The company plans additional geographic expansions in Europe later this year.
For the first six months of fiscal 2019, LifeVantage reported net revenue of $113.8 million, an increase of 15.4 percent compared to $98.6 million for the first six months of fiscal 2018. In the first six months of fiscal 2019, revenue in the Americas increased 14.3 percent and revenue in Asia/Pacific & Europe increased 18.5 percent.