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LFVN

LifeVantageF
Nasdaq / Household & Personal Products
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2026-06-02
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2026-05-14
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Earnings documents stored for LFVN.

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Investor releaseQuarter not tagged2026-05-14

Lake Street Capital Markets Downgrades LifeVantage Corporation (LFVN) After Weak Q3 Results

Insider Monkey

LifeVantage Corporation (NASDAQ:LFVN) is included among the 12 Best Micro-Cap Dividend Stocks to Buy Now. On May 7, Lake Street downgraded LifeVantage Corporation (NASDAQ:LFVN) to Hold from Buy and set a $5 price target after the company reported weaker-than-expected Q3 results. The analyst said management kept its prior FY26 guidance framework in place but now expects results to land near the low end of the range. The firm also lowered its estimates below the company’s updated outlook. The analyst noted that while the stock valuation “remains inexpensive,” revenue headwinds were expected to continue for at least the next two quarters, which could limit upside potential. During the company’s fiscal Q3 2026 earnings call, Interim CEO & Director Michael Beindorff said LifeVantage had launched the VIP bonus program, calling it the company’s first 12-month volume growth incentive initiative for consultants. He explained that the program was designed to reward sales growth while also helping identify and elevate consultants to strengthen leadership within the organization. Beindorff also said the company was investing heavily in its e-commerce platform. He noted that the rollout of Shopify, along with a fully upgraded back-office system, was expected to improve the online experience for both customers and consultants. He added that the Shopify launch was planned for later this year. CFO Carl Aure said LifeVantage generated $43.7 million in net revenue during fiscal Q3 2026, down 25.2% from a year earlier. He said the decline was mainly tied to weaker sales of the MindBody GLP-1 System, though contributions from LoveBiome sales helped offset part of the drop. LifeVantage Corporation (NASDAQ:LFVN) is an activation company engaged in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, weight management products, pre- and probiotics, skin and hair care products, and nootropics. While we acknowledge the potential of LFVN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Best Dividend Stocks to Buy for Steady Growth and 10 Best Robin...

Investor releaseQuarter not tagged2026-05-07

LifeVantage Corporation Q3 2026 Earnings Call Summary

Moby

Performance was significantly impacted by a decline in sales of the MINDBODY GLP-1 system, which management attributed to intense competitive dynamics within the GLP-1 market. The company is undergoing a major leadership transition with Michael Beindorff serving as Interim CEO following the retirement of Steve Fife, until Terrence Moorhead assumes the role in August. Management is prioritizing a 'foundational approach' to consultant growth, moving away from temporary sales spikes toward sustainable leadership development and authentic product advocacy. A significant multi-period investment in technology is underway, centered on migrating to Shopify and revamping back-office systems to modernize the end-to-end e-commerce experience. The acquisition of LoveBiome in October 2025 served as a strategic offset to revenue declines, integrating gut health as a core pillar of the product portfolio. Operational focus is shifting toward the 'VIP bonus' program, a 12-month incentive designed to identify and reward consultants demonstrating long-term leadership behaviors. Despite revenue contraction, the company maintains a debt-free balance sheet and cash reserves, providing the flexibility needed to fund strategic pivots and technology upgrades. Fiscal 2026 guidance has been narrowed to the lower end of previous ranges for revenue, adjusted EBITDA, and adjusted EPS due to current business trends and market competition. The Shopify platform rollout is expected to begin later this year with a staggered international approach, targeting full implementation starting in Q1 of the next fiscal year. Management anticipates a major 'hero product' launch at the annual convention in October 2024, following their typical 18-to-24-month innovation cadence. Full-year fiscal 2026 commissions and incentive expenses are projected to be approximately 42.5% of revenue, reflecting changes in customer mix and promotional timing. The company expects a full-year effective tax rate between 18% and 20% for fiscal 2026. Gross profit margin compressed to 79% from 81%, driven by increased shipping costs, warehouse expenses, and inventory obsolescence related to the MINDBODY system. The Board approved a new $60 million share repurchase authorization in January, with $59 million remaining as of the end of the third quarter. A quarterly cash dividend of $0.05 per share was announced, representing an...

Investor releaseQuarter not tagged2026-05-07

LifeVantage Announces Financial Results for the Third Quarter of Fiscal 2026

GlobeNewswire

SALT LAKE CITY, May 06, 2026 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its third fiscal quarter ended March 31, 2026. Third Quarter Fiscal 2026 Summary*: Revenue was $43.7 million, a decrease of 25.2% from the prior year period; Revenue in the Americas decreased 28.9%, and revenue in Asia/Pacific & Europe decreased 7.7%; Net income per diluted share was $0.11, versus $0.26 per diluted share a year ago; Adjusted earnings per diluted share was $0.12, compared to $0.26 a year ago; and Adjusted EBITDA was $3.2 million compared to $6.4 million a year ago. * All comparisons are on a year over year basis and compare the third quarter of fiscal 2026 to the third quarter of fiscal 2025, unless otherwise noted. "Third quarter results were softer than we anticipated as lower sales of our MindBody GLP-1 System® were only partially offset by the addition of LoveBiome," said Michael Beindorff, Interim CEO of LifeVantage. "Despite top-line headwinds, we remained focused on managing expenses and allocating capital, enabling us to continue repurchasing shares while maintaining a strong balance sheet and cash position. That said, we are not satisfied with our performance and are laser focused on making the changes necessary to improve results going forward. With our science-backed approach to nutrigenomics, diversified product portfolio, passionate consultant community, and strong financial foundation, LifeVantage is in a compelling position in the rapidly expanding health and wellness market with significant growth potential ahead, and we intend to realize that potential." Third Quarter Fiscal 2026 Results For the third quarter ended March 31, 2026, the Company reported revenue of $43.7 million, a 25.2% decrease compared to revenue of $58.4 million in the third quarter of fiscal 2025. Revenue in the Americas region for the third quarter of fiscal 2026 decreased 28.9% primarily due to declines in sales of the MindBody GLP-1 System®, partially offset by sales of LoveBiome, which the Company acquired in October 2025. Revenue in the Asia/Pacific & Europe region decreased 7.7%; on a constant currency basis, revenue in the Asia/Pacific & Europe region decreased approximately 8.9%. Gross profit for the third...

Investor releaseQuarter not tagged2026-05-07

LifeVantage (LFVN) Q3 2026 Earnings Transcript

Motley Fool

Image source: The Motley Fool. Wednesday, May 6, 2026 at 4:30 p.m. ET Interim Chief Executive Officer — Michael Beindorff Chief Financial Officer — Carl Aure Chief Sales Officer — Kristen Cunningham Need a quote from a Motley Fool analyst? Email [email protected] Michael Beindorff, Interim Chief Executive Officer; Carl Aure, Chief Financial Officer; and Kristen Cunningham, Chief Sales Officer. By now, everyone should have access to the earnings release, which went out this afternoon at approximately 4: 05 p.m. Eastern Time. If you have not received the release, it is available on the Investor Relations portion of LifeVantage Corporation's website at lifevantage.com. This call is being webcast, and a replay will be available on the company's website as well. Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. These statements are based on current expectations of the company's management and involve inherent risks and uncertainties, including those identified in the Risk Factors section of LifeVantage Corporation's most recently filed Forms 10-K and 10-Q. Please note that during today's call, we will discuss non-GAAP financial measures, including results on an adjusted basis. Management believes these financial measures can facilitate a more complete analysis and greater transparency into LifeVantage Corporation's ongoing results of operations, particularly when comparing underlying operating results from period to period. We have included a reconciliation of these non-GAAP measures with today's release. This call also contains time-sensitive information that is accurate only as of the date of the live broadcast, 05/06/2026. LifeVantage Corporation assumes no obligation to update any forward-looking projections that may be made in today's release or call. Now I will turn the call over to Michael Beindorff, Interim CEO of LifeVantage Corporation. Michael Beindorff: Thank you, Reed. Good afternoon, and thank you all for joining us today. For those of you I have not had the opportunity to meet, let me briefly introduce myself. I have had the privilege of serving on the LifeVantage Corporation board of dir...

Investor releaseQuarter not tagged2026-05-07

Lifevantage (LFVN) Q3 Earnings and Revenues Miss Estimates

Zacks

Lifevantage (LFVN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25.00%. A quarter ago, it was expected that this dietary supplements and skin care products company would post earnings of $0.22 per share when it actually produced earnings of $0.15, delivering a surprise of -31.82%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Lifevantage, which belongs to the Zacks Medical - Dental Supplies industry, posted revenues of $43.72 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 8.58%. This compares to year-ago revenues of $58.44 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lifevantage shares have lost about 10.9% since the beginning of the year versus the S&P 500's gain of 6%. While Lifevantage has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lifevantage was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comple...

Investor releaseQuarter not tagged2026-05-07

Lifevantage Q3 Earnings Call Highlights

MarketBeat

Revenue fell sharply: LifeVantage reported Q3 net revenue of $43.7 million, down 25.2% year‑over‑year largely due to weaker MindBody GLP‑1 System sales and fewer active accounts, with adjusted EBITDA declining to $3.2 million (7.3% of revenue) from $6.4 million. Leadership and strategic shifts: The board appointed Terrence Moorehead as incoming CEO (joining in August) while interim CEO Michael Beindorff highlighted investments in e‑commerce (Shopify migration), consultant tools, and a new 12‑month VIP bonus to drive field engagement and product cadence. Solid liquidity and capital moves but cautious outlook: The company ended the quarter with $12.5 million cash, no debt, repurchased shares under a large buyback program (about $59 million remaining under authorization), raised its quarterly dividend 11% to $0.05, and now expects fiscal 2026 results near the lower end of prior guidance amid GLP‑1 competitive pressures. Interested in Lifevantage Corporation? Here are five stocks we like better. GLP-1 Alternatives: 2 Stocks Benefiting From Weight Loss Trends Lifevantage (NASDAQ:LFVN) reported fiscal third-quarter 2026 results that reflected a sharp year-over-year revenue decline, as management pointed to weaker demand for its MindBody GLP-1 System and fewer active accounts. On the call, the company also highlighted a leadership transition, ongoing technology investments, and new consultant incentive programs aimed at improving long-term growth. Interim CEO Michael Beindorff, a long-time board member who has served since 2012, opened the call by recognizing the retirement of former President and CEO Steve Fife, who stepped down April 30. Beindorff said Fife’s tenure was “transformational,” citing modernization efforts, improved financial positioning, and the groundwork laid for the company’s future. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches Beindorff also reiterated the company’s focus on its portfolio, including the Protandim family and newer offerings such as TrueScience Liquid Collagen, the MindBody GLP-1 System, and its Gut Activator product P84, which came with the October 2025 LoveBiome acquisition. He emphasized the role of the company’s consultant community and described the recent Momentum Academy event in Las Vegas as a showcase of field engagement. At the event, the company announced what Beindorff described as its “firs...

Investor releaseQuarter not tagged2026-05-07

Lifevantage: Fiscal Q3 Earnings Snapshot

Associated Press

LEHI, Utah (AP) — LEHI, Utah (AP) — Lifevantage Corp. (LFVN) on Wednesday reported net income of $1.4 million in its fiscal third quarter. The Lehi, Utah-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share. The dietary supplements and skin care products company posted revenue of $43.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LFVN at https://www.zacks.com/ap/LFVN

Investor releaseQuarter not tagged2026-05-07

LifeVantage Declares Quarterly Dividend

GlobeNewswire

Increases Quarterly Cash Dividend by 11% to $0.050 SALT LAKE CITY, May 06, 2026 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced that the Company’s Board of Directors has approved a quarterly cash dividend of $0.050 per share of common stock, which will be paid June 15, 2026 to all stockholders of record at the close of business on June 1, 2026. About LifeVantage Corporation LifeVantage Corporation (Nasdaq: LFVN), the Activation company, is a pioneer in nutrigenomics—the study of how nutrition and naturally occurring compounds can unlock your genes and the health coded within. Our products work with your unique biology and help your body make what it needs for health. The line of scientifically validated activators includes the flagship Protandim® family of products, TrueScience® Liquid Collagen, the MindBody GLP-1 System®, the newest comprehensive gut activator from LoveBiome P84, the Activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic and hydration energy drink mixes, the full TrueScience® line of skin and hair care products, and Petandim®, a pet supplement formulated to combat oxidative stress in dogs. Our independent Consultants sell our products to Customers and share the business opportunity with entrepreneurs seeking to begin their own business. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com. Cautionary Note Regarding Forward Looking Statements This document contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words and expressions reflecting optimism, satisfaction or disappointment with current prospects, as well as words such as "believe," "will," "hopes," "intends," "estimates," "expects," "projects," "plans," "anticipates," "look forward to," "goal," “may be,” and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward-looking. The declaration and/or payment of a dividend during any quarter provides no assurance as to future dividends, and the timing and amount of future dividends, if any, could vary significantly in comparison...

TranscriptFY2026 Q32026-05-06

FY2026 Q3 earnings call transcript

Earnings source - 63 paragraphs
Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss LifeVantage's third quarter of fiscal 2026 results. At this time, all participants are in a listen-only mode. Following the formal remarks, we will conduct a question and answer session. Instructions will be provided at that time for you to queue up. Hosting today's conference will be Reed Anderson with ICR. As a reminder, today's conference is being recorded. Now I would like to turn the conference over to Mr. Anderson. Please go ahead, sir.

Reed Anderson

Thank you. Good afternoon, and welcome to LifeVantage Corporation's conference call to discuss results for the third quarter of fiscal 2026. On the call today from LifeVantage are Michael Beindorff, Interim Chief Executive Officer, Carl Aure, Chief Financial Officer, and Kristen Cunningham, Chief Sales Officer. By now, everyone should have access to the earnings release, which went out this afternoon at approximately 4:05 P.M. Eastern Time.

Reed Anderson

If you have not received the release, it is available on the investor relations portion of LifeVantage's website at www.lifevantage.com. This call is being webcast, and a replay will be available on the company's website as well. Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions.

Reed Anderson

These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. These statements are based on current expectations of the company's management and involve inherent risks and uncertainties, including those identified in the Risk Factors section of LifeVantage's most recently filed Forms 10-K and 10-Q. Please note that during today's call, we will discuss non-GAAP financial measures, including results on an adjusted basis.

Reed Anderson

Management believes these financial measures can facilitate a more complete analysis and greater transparency into LifeVantage's ongoing results of operations, particularly when comparing underlying operating results from period to period. We've included a reconciliation of these non-GAAP measures with today's release. This call also contains time-sensitive information that is accurate only as of the date of the slide broadcast, May 6, 2026.

Reed Anderson

LifeVantage assumes no obligation to update any forward-looking projections that may be made in today's release or call. I will turn the call over to Michael Beindorff, Interim CEO of LifeVantage.

Michael Beindorff

Thank you, Reed. Good afternoon, and thank you all for joining us today. For those of you I haven't had the opportunity to meet, let me briefly introduce myself. I've had the privilege of serving on the LifeVantage board of directors since 2012, which gives me over 14 years of insight into this company's evolution, challenges, and the tremendous opportunities that we have in front of us.

Michael Beindorff

I've spent my career building consumer brands across a variety of business environments, including The Coca-Cola Company, Visa, and PlanetRx, among some others. Before we dive into our quarterly results today, I wanna take just a moment to recognize Steve Fife, who retired as our President and CEO on April 30th. Steve's tenure at LifeVantage has been absolutely transformational.

Michael Beindorff

His strategic vision and his relentless focus on operational excellence have been instrumental in modernizing our business model, strengthening our financial position, and laying the foundation for the future. On behalf of the entire board and the organization, I wanna thank him for his leadership, and I wanna wish him the very best in his retirement. You might ask why a long-serving board member would step into an interim operating role, and the answer to that is pretty simple.

Michael Beindorff

I believe deeply in LifeVantage's products, its people, and its potential. In my 14 years of board service, I think give me a pretty unique perspective on what makes this company special. I'm excited about our product portfolio, from our flagship Protandim family to innovations like TrueScience Liquid Collagen, the MindBody GLP-1 System, and our comprehensive Gut Activator, P84.

Michael Beindorff

These products represent genuine innovation in cellular health activation and are all backed by rigorous scientific validation. What truly gets me excited is our passionate consultant community. Having spent almost my entire career building consumer brands, I deeply appreciate the power of authentic advocacy. Our consultants understand the uniqueness of our products and the deep scientific validation behind them, and they deliver this information and these products to people every day.

Michael Beindorff

They share their personal health journeys, and they create genuine entrepreneurial opportunities. That's a combination that is both powerful and sustainable. You know, our most recent Momentum Academy in Las Vegas was a great example of this. It perfectly captured the energy and the potential of our consultant community.

Michael Beindorff

It was centered around the theme of breakthrough, and this 3-day immersive experience brought together our independent consultants from across the country for powerful leadership training, business-building strategies, and meaningful connection with each other. Among other things during the conference, the company announced the VIP bonus, our first-ever 12-month volume growth incentive program for consultants.

Michael Beindorff

This program will handsomely reward consultants who meet their growth goals, and we believe the program can be a game changer, not only as a catalyst for growth, but also in terms of leadership development. In addition to incentivizing growth, the program is designed to identify and elevate consultants who demonstrate the leadership behaviors associated with long-term success. We think that by rewarding these behaviors, we'll build a stronger leadership pipeline and align our field organization around what is required to improve the company's long-term growth trajectory.

Michael Beindorff

The passion, the clarity, and the commitment that I witnessed in Las Vegas reinforced my confidence in our community's strength and our company's future. Now, before Carl Aure details our Q3 results, I want to provide a brief high-level perspective on where we stand today and where this enterprise is headed in the future. The direct selling business continues to evolve, and LifeVantage has been proactive in adapting our business model to meet the changing consumer preferences and market dynamics.

Michael Beindorff

We've invested in digital capabilities, upgraded our consultant compensation plan. We've enhanced our consultant tools and support systems, and we've continued to innovate our product offerings to address emerging health and wellness trends. These investments in our future are continuing. As we told you in February, we're making a significant investment in upgrading our e-commerce platform.

Michael Beindorff

The launch of Shopify, along with a totally revamped and upgraded back-office system, will dramatically improve both our customers' and our consultants' e-commerce experience with LifeVantage from end to end. We plan to start launching Shopify later this year, and we're excited about the prospects as we roll the Shopify launch through our markets. In addition, our business fundamentals are solid. We have a clean balance sheet, no debt, and cash reserves that give us flexibility.

Michael Beindorff

Looking ahead, we see significant opportunities. The health and wellness market continues to expand, and our unique positioning in nutrigenomics gives us credibility, and we think differentiates us in a crowded marketplace. We remain committed to operational excellence, strategic execution, and delivering value for all stakeholders. With that, let me turn it over to Carl to take you through our financial results.

Carl Aure

Thank you, Michael, and good afternoon, everyone. Let me walk you through our third quarter financial results. Please note that I will be discussing our non-GAAP adjusted results where applicable. You can refer to the GAAP to non-GAAP reconciliations in today's press release for additional details. For the third quarter of fiscal 2026, we delivered net revenue of $43.7 million, which was down 25.2% compared to $58.4 million in the third quarter of fiscal 2025. The decrease was primarily driven by a decline in sales of our MindBody GLP-1 System, partially offset by sales of LoveBiome, which we acquired in October of 2025. Revenue in the Americas region decreased 28.9% to $34.3 million, reflecting decreased sales of our MindBody GLP-1 System and a decrease in total active accounts.

Carl Aure

Revenue in the Asia Pacific and Europe region decreased 7.7% to $9.4 million, primarily driven by a decrease in total active accounts. Foreign currency had a negligible impact on Asia Pacific and Europe during the quarter, positively impacting results by $100,000. Our gross profit percentage for the third quarter was 79%, down from 81% in the prior year period, reflecting increases in shipping and warehouse expenses along with higher inventory obsolescence-related expenses.

Carl Aure

Excluding a $183,000 allowance related to MindBody inventory, our non-GAAP adjusted gross profit percentage was 79.4%. Commissions and incentive expense as a percentage of revenue was 43.5% in the third quarter compared to 44.8% in the prior year period.

Carl Aure

The decrease as a percentage of revenue was primarily due to the timing and magnitude of our promotional incentive programs and changes to the mix of customers and independent consultants. We anticipate the full year fiscal 2026 commissions and incentive expense to be approximately 42.5% of revenue. Selling, general, and administrative expenses were $13.9 million or 31.7% of revenue compared to $17.1 million or 29.2% of revenue in the prior year period.

Carl Aure

The increase as a percentage of revenue was primarily due to the overall decrease in sales volume. GAAP operating income was $1.7 million compared to $4.1 million in the prior year period. Adjusted non-GAAP operating income was $1.8 million compared to $4.1 million in the prior year period.

Carl Aure

GAAP net income was $1.4 million or $0.11 per diluted share compared to $3.5 million or $0.26 per diluted share in the prior year period. Adjusted non-GAAP net income was $1.5 million or $0.12 per diluted share compared to $3.5 million or $0.26 per diluted share in the prior year period. We recorded income tax expense of $300,000 in the third quarter compared to $700,000 in the prior year period.

Carl Aure

We expect our full year effective tax rate for fiscal 2026 to be approximately 18%-20%. Adjusted EBITDA for the third quarter was $3.2 million or 7.3% of revenues compared to $6.4 million and 11% in the same period a year ago.

Carl Aure

Our financial position remains solid with twelve and a half million dollars of cash and no debt at the end of the third quarter. We generated $5.5 million of cash from operations during the first nine months of fiscal 2026 compared to $10.8 million in the same period in fiscal 2025, primarily due to the payment of accrued employee-related incentive compensation and consultant incentive trip expenses.

Carl Aure

Capital expenditures totaled two and a half million dollars for the first nine months of fiscal 2026 compared to $1.2 million in the prior year period, reflecting our continued investment in technology infrastructure, including the Shopify integration.

Carl Aure

We also utilized $3.7 million in cash during the first nine months of fiscal 2026 relating to the closing of the LoveBiome transaction. Turning to capital allocation, we repurchased 206,000 shares for an aggregate purchase price of $1 million during the quarter. During the first nine months of fiscal 2026, we have repurchased approximately 250,000 shares for an aggregate purchase price of $1.6 million.

Carl Aure

As of March 31st, there was $59 million remaining under the new $60 million share repurchase authorization approved by our board of directors in January. Today, we also announced a quarterly cash dividend of $0.05 per share of common stock, which represents an 11% increase to the previous dividend amount.

Carl Aure

This dividend will be paid on June 15, 2026, to shareholders of record as of June 1, 2026. We remain committed to our balanced capital allocation strategy in order to maximize shareholder value. Turning to our outlook for fiscal 2026, we now expect to end fiscal 2026 with revenue, adjusted EBITDA, and adjusted earnings per share close to the lower end of our previously issued guidance range.

Carl Aure

This updated guidance reflects the current trends in the business, including the competitive dynamics in the GLP-1 market and our commitment to managing costs while investing in strategic growth initiatives. We remain focused on improving our profitability metrics and driving long-term value for our stockholders. With that, let me turn the call back over to Michael.

Michael Beindorff

Thanks, Carl Aure. Before we get into the Q&A, I have just a couple more comments. We recently made a couple of very important announcements. First, we've been granted a U.S. patent for our Healthy Glow Essentials Stack, which features Protandim Nrf2 Synergizer and TrueScience Liquid Collagen. Further validation of our leadership in scientific innovation.

Michael Beindorff

Second, and perhaps more importantly, on April 16th, the board of directors announced the appointment of Terrence Moorehead as our next Chief Executive Officer. Terrence will join us in August, bringing over 30 years of leadership experience, revitalizing brands, and accelerating growth, particularly in direct selling. Interestingly enough, almost every one of those candidates that we spoke with wanted the job. I think they all saw the potential and the opportunity that LifeVantage presents.

Michael Beindorff

When we met Terrence, we recognized instantly that he was different. He is a deeply experienced, transformative leader with an outstanding track record that speaks for itself. I'm excited about the expertise and the vision that he will bring to LifeVantage. During the transition period, I'm working closely with our executive team, including Kristen Cunningham, our Chief Sales Officer, and Carl Aure, our Chief Financial Officer. This team knows the business inside and out, and I have complete confidence in their ability to execute.

Michael Beindorff

Looking forward, our dedication to optimizing health remains absolutely unwavering, as does our commitment to equipping our independent consultants with the resources and the products necessary to build thriving businesses so they can deliver exceptional value to our customers. I want to express my gratitude to our employees, our independent consultants, our shareholders, and most of all, our loyal customers.

Michael Beindorff

Finally, to be very clear, we recognize that our performance over the last few quarters has not been up to our standards. You know, on my desk, I keep a plaque that simply reads, "The world belongs to the discontented." Well, let me assure you that we are not content, and I pledge to work tirelessly with this team on behalf of all of our stakeholders to improve the results.

Michael Beindorff

There is much to do, but I'm certain that the solid groundwork we've laid and the talented team we have will pay dividends in the quarters and the years ahead. Thank you for your confidence and your support of our mission. With that, operator, we'll open it up for questions.

Operator

Thank you. We will now be conducting a question-and-answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for questions. The first question is from Doug Lane from Water Tower Research. Please go ahead.

Doug Lane

Yes, thanks. Good afternoon, everybody. Carl, looking at the cash flow, you mentioned $5.5 cash from operations generated this year. The $5 came in the March quarter despite the shortfall versus what we were looking for. I don't know, you don't really talk to this in your guidance, there's nothing going on in the fourth quarter that wouldn't think you could be positive in cash from operations, is there?

Carl Aure

No, that's right, Doug. In the recent quarter, we generated about $5 million of cash from operations, and we'll anticipate to do a similar amount in Q4 as well. We anticipate to continue to build cash. I think we talked at the last call, we had some unusual timing differences in the first quarter that really led to some of those declines or unusual quarter comparisons we saw earlier in the year. Going forward, we anticipate to continue to generate cash based off of the current model.

Doug Lane

Okay, that's helpful. you know, again, looking at your CapEx, about $1 million in the March quarter. I know you talked about investments, Shopify, what have you, is that $1 million a quarter run rate kind of a steady state here, or is there something coming down the pipe that might divert that up or down?

Carl Aure

Yeah, no, I think that's, that'll be consistent, I would say, for the next quarter or 2. We're getting closer on the implementation of Shopify. We're targeting to get things in place later, probably not by the end of Q4, but into rolling into Q1. There'll be a staggered approach as we roll it out internationally. We'll continue to see some of those development costs, particularly in Q4, and probably start to reduce once we get into Q1 of next fiscal year. After that, they should really start to eliminate.

Doug Lane

Got it. Okay. You know, with the December quarter release Pardon me?

Carl Aure

Oh, yeah.

Doug Lane

Anyway, with the, with the December quarter release, you announced the $60 million share buyback, and I just wanted to see if you could update us on what your thought is there. It looks like you didn't buy back much in the March quarter, but what should we look for for share buyback for the next few quarters?

Carl Aure

I think we're still very committed to the share buyback. Just, I mean, I think that was evidenced by the board's approval of the new $60 million authorization. During the quarter, we repurchased about $1 million worth of a little over 200,000 shares that we repurchased in the quarter. I still think where current valuations are at, we're still committed to this, and we'll still be looking to opportunistically buy over the next few quarters as market conditions permit.

Doug Lane

Okay. Getting back to the lower sales, the consultant count was a little bit below what I was looking for. In the Americas in particular, it dropped a couple thousand sequentially from 32,000 to 30,000. What do you think is driving the shortfall in consultants in the Americas, which is your biggest market? What do you think, what are you guys doing to try to get that number going the other way?

Kristen Cunningham

Hi, Doug. It's Kristen. Definitely not a number we're excited about, but I think what has us all really excited, myself included, is just the engagement that we're starting to see, the activity that we're starting to see. For us, it's how do we reinforce that consultant group in really a foundational approach versus creating just a pop and drop to continue to drive sales.

Kristen Cunningham

You know, we're seeing a lot of simplification around the business, which, as you know, harder to simplify almost than anything. We're seeing consultants going back to kind of the foundation of their own business from a standpoint. They are excited about Protandim, about collagen, about Healthy Glow, about our recent announcement that we made about it. You know, those are our stickiest products. From a retention standpoint, we're feeling good about that.

Kristen Cunningham

Our incentive programs, you know, oftentimes when you launch an incentive program, it can be complicated, but we've really tried to create a program that is simplified, that really complements what we are doing strategically. The message, if you really heard us talk about, is about how do we get more storytellers, more consultants talking about LifeVantage, and our incentives complement that. Plus when we layer that with our VIP Program, which is about identifying the right leaders.

Kristen Cunningham

I mean, you can have the right everything in a business, but with the wrong leadership, with the wrong sentiment in the field, it's really challenging to turn that. We are confident in our leadership right now, we're addressing that through this VIP Program where we're incentivizing growth, but we're also asking it to be like an opt-in.

Kristen Cunningham

We didn't just say this is available to everybody in the U.S. It was they had to raise their hand and say, "No, we are, we are part of the leadership team who are committed to growth." We're seeing so much activity kind of because of those three things combined. Really encouraged about what we've seen coming out of Vegas, but staying consistent with that over the past couple weeks, and we'll continue to drive it day in and day out.

Doug Lane

No, those are, you know, the VIP bonus sounds like it's very exciting. I guess the last thing is really new products. I mean, you've had the P84 that you acquired from LoveBiome, and you had the Healthy Edge Stack, what do you have on tap for new product news, maybe for the remainder of the calendar year?

Carl Aure

Yeah, I can speak to that a little bit, Doug. We've got our next big event is scheduled for October, so we have our annual convention slated for October of this coming year. In some of the previous calls and some of the other investor-related discussions we've had, we've talked about a product launch at that event.

Carl Aure

As you know, our typical product cadence for launching a hero product is every 18 months to 2 years. As you know, the last major launch we had was MindBody, which was about 2 years ago. We did add the LoveBiome line that you had mentioned. We do have something in the works.

Carl Aure

We haven't talked a lot about exactly what category that falls into, but it will be in line with the typical LifeVantage science-backed product and something that we're really excited about going forward.

Doug Lane

Most of your recent news has really been around gut health between MindBody and P84. Are we going deeper in gut health or is there something new on the horizon?

Carl Aure

I think this category is not necessarily in gut health itself. We still believe in, you know, we believe in that P84 product and the LoveBiome entity or business that we acquired in October. We, you know, Gut health is still an important part of our product portfolio. I think looking forward, we have some other complementary products that we'll be introducing around to support P84. You know, P84 is still one of our four hero product lines and something that we'll continue to lean into.

Doug Lane

Okay. Thanks, Carl.

Carl Aure

Yep. Thanks, Doug.

Operator

This concludes the question and answer session. I'd like to turn the floor back over to Michael Beindorff for closing comments.

Michael Beindorff

Well, I wanna thank all of you again for joining us today. We know that we have a lot of work to do. That said, we're optimistic. I believe we have the people and we have the products and we're absolutely focused on delivering improved results for our shareholders. I look forward to reporting our progress on all of these initiatives in August, and I thank you for joining us today.

Operator

This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.

Investor releaseQuarter not tagged2026-04-23

LifeVantage to Announce Third Quarter Fiscal Year 2026 Results on May 6, 2026

GlobeNewswire

SALT LAKE CITY, April 22, 2026 (GLOBE NEWSWIRE) -- LifeVantage Corporation (Nasdaq:LFVN) a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today announced that it will release financial results for its third quarter ended March 31, 2026, after the stock market closes on Wednesday, May 6, 2026. The Company will hold a conference call for investors at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) that same day. Investors interested in participating in the live call can dial (877) 704-4453 from the U.S. or international callers can dial (201) 389-0920. A telephone replay will be available approximately two hours after the call concludes and will be available through Wednesday, May 20, 2026, by dialing (844) 512-2921 from the U.S. and entering confirmation code 13759699, or (412) 317-6671 from international locations, and entering confirmation code 13759699. There will also be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at https://lifevantage.gcs-web.com/events-and-presentations or directly at https://viavid.webcasts.com/starthere.jsp?ei=1758157&tp_key=76e0807216. The webcast will be archived for approximately 30 days. About LifeVantage Corporation LifeVantage Corporation (Nasdaq: LFVN), the Activation company, is a pioneer in nutrigenomics—the study of how nutrition and naturally occurring compounds can unlock your genes and the health coded within. Our products work with your unique biology and help your body make what it needs for health. The line of scientifically validated activators includes the flagship Protandim® family of products, TrueScience® Liquid Collagen, MindBody GLP-1 System™, and the comprehensive gut activator, P84, and activation-supporting nutrients such as Omega, D3+, and the Rise AM & Reset PM System®, as well as AXIO® nootropic energy drink mixes, the full TrueScience® line of skin and hair care products, and Petandim®, a pet supplement formulated to combat oxidative stress in dogs. Our independent Consultants sell our products to Customers and share the business opportunity with entrepreneurs seeking to begin their own business. LifeVantage was founded in 2003 and is headquartered in Lehi, Utah. For more information, visit www.lifevantage.com. Investor Relations Contact: Reed Anderson, ICR (646) 277-1260 reed.a...

Investor releaseQuarter not tagged2026-02-05

Lifevantage (LFVN) Q2 Earnings and Revenues Lag Estimates

Zacks

Lifevantage (LFVN) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -31.82%. A quarter ago, it was expected that this dietary supplements and skin care products company would post earnings of $0.17 per share when it actually produced earnings of $0.18, delivering a surprise of +5.88%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Lifevantage, which belongs to the Zacks Medical - Dental Supplies industry, posted revenues of $48.93 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 10.62%. This compares to year-ago revenues of $67.76 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Lifevantage shares have lost about 13% since the beginning of the year versus the S&P 500's gain of 1.1%. While Lifevantage has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Lifevantage was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the com...

Investor releaseQuarter not tagged2026-02-05

Lifevantage Q2 Earnings Call Highlights

MarketBeat

Revenue fell sharply to $48.9 million, down 27.8% year‑over‑year as MindBody GLP‑1 sales dropped by about $16.2 million; the company also took a $2.4 million one‑time inventory obsolescence reserve, pushing gross margin down to 74% (78.8% adjusted). LoveBiome acquisition showing early traction — the new portfolio contributed $4.1 million in Q2 and LifeVantage launched AXIO X and PhytoPower B while highlighting its P84/Healthy Edge Stack as key enrollment products. Management approved a $60 million share repurchase program, declared a quarterly dividend of $0.045 per share, updated fiscal‑2026 guidance (revenue $185–200M, adjusted EBITDA $15–19M, adjusted EPS $0.60–0.80), and said the company is debt‑free with $10.2 million cash; CEO Steve Fife plans to retire in April 2026. Interested in Lifevantage Corporation? Here are five stocks we like better. GLP-1 Alternatives: 2 Stocks Benefiting From Weight Loss Trends LifeVantage (NASDAQ:LFVN) reported fiscal second-quarter 2026 results that reflected a sharp year-over-year decline in revenue and earnings as the company cycled the prior-year launch of its MindBody GLP-1 System and faced intensifying competition in the broader GLP-1 category. Management also highlighted early momentum from the LoveBiome acquisition, new product launches, and a major new share repurchase authorization. Chief Executive Officer Steve Fife said the “primary driver” of the quarter’s revenue decline was the shift in competitive dynamics since the October launch of MindBody GLP-1. Fife pointed to pharmaceutical GLP-1 drugs becoming “more accessible and affordable,” increasingly covered by insurance, and available in new formats, including pills. He said those changes “dramatically impacted” LifeVantage’s GLP-1 sales. → AMD’s Post-Earnings Dip Looks Like the Buying Window Bulls Wanted As part of its response, the company recorded a reserve against a portion of its GLP-1 inventory. CFO Carl Aure said gross margin was impacted by a $2.4 million one-time allowance for inventory obsolescence tied to MindBody inventory. In Q&A, Aure said the company built inventory following an exceptionally strong initial launch—selling through initial stock in about three weeks—and later took a “conservative approach” to reserve inventory as demand “settled in” and visibility into seasonality improved. He noted the product has a two-year shelf life and the com...

As of 2026-05-30 • Updated weeklySource: Earnings sourceIngestion runbook