LifeVantage Corporation (Nasdaq: LFVN) reported financial results for its third quarter ended March 31, 2019.
The company reported revenue of $56.0 million, an increase of 10.8 percent as compared to $50.6 million in the third quarter of fiscal 2018. Revenue in the Americas for the third quarter increased 6.2 percent compared to the third quarter of fiscal 2018 and revenue in the Asia/Pacific & Europe region increased 24.8 percent compared to the third quarter of fiscal 2018.
“We continued to see strong trends during the third quarter, including 11 percent revenue growth and 9 percent active member growth, with each of our global markets posting year over year gains,” said LifeVantage President and Chief Executive Officer Darren Jensen. “We continue to have good momentum in the business, with the last two quarters representing two of the largest four revenue quarters in our history, and we are on track to have a record revenue year.”
For the first nine months of fiscal 2019, the company reported net revenue of $169.8 million, an increase of 13.8 percent compared to $149.2 million for the first nine months of fiscal 2018. In the first nine months of fiscal 2019, revenue in the Americas increased 11.5 percent and revenue in Asia/Pacific & Europe increased 20.5 percent compared to the prior year period.
To read the full LifeVantage Q3 2019 report, click here.