LifeVantage Corp., a Sandy, Utah-based health and wellness company, reported financial results for its second quarter ended December 31, 2017. For the quarter, revenue increased 1.1 percent to $49.5 million year-over-year and 0.7 percent sequentially.
“We continue to execute on our key initiatives for fiscal 2018 and generated both year-over-year and sequential revenue growth during the second quarter,” stated LifeVantage President and CEO Darren Jensen. “The recent launch of our highly anticipated Vitality Stack Packets is a key aspect of our product strategy initiatives. We are also pleased to have successfully completed our commercial test of the new business model supporting our entry into China and formally launched in this promising new market on February 1, 2018. As we enter the second half of our fiscal year, we are focused on accelerating revenue growth as our transformational initiatives take hold across LifeVantage’s growing global footprint.”
For the second fiscal quarter ended December 31, 2017, the company reported revenue of $49.5 million, an increase of 1.1 percent as compared to $48.9 million in the second quarter of fiscal 2017. Revenue in the Americas for the second quarter decreased 1.9 percent compared to the second quarter of fiscal 2017, while revenue in the Asia/Pacific and Europe region increased 11.0 percent compared to the second quarter of fiscal 2017. Revenue in Japan increased 9.3 percent compared to the second quarter of fiscal 2017.
Active independent distributors and active preferred customers decreased 1.6 percent and 2.7 percent, respectively, year-over-year and decreased on a sequential basis 1.6 percent and 0.9 percent, respectively.
For the first six months of fiscal 2018, the company reported net revenue of $98.6 million, a decrease of 5.0 percent compared to $103.8 million for the first six months of fiscal 2017. In the first six months of fiscal 2018, revenue in the Americas decreased 6.0 percent and revenue in Asia/Pacific and Europe decreased 2.1 percent.
To read the full LifeVantage Q2 2018 report, click here.