Lifevantage (LFVN) Reports Q4 EPS of $0.04 on Revenues of $50.6M; Offers FY EPS/Revenue Guidance
Lifevantage (NASDAQ: LFVN) reported Q4 EPS of $0.04. Revenue for the quarter came in at $50.6 million, versus $0 reported last year.
Fiscal Year 2018 Guidance
The Company expects to generate revenue in the range of $206 million to $212 million in fiscal year 2018 and anticipates diluted earnings per share in the range of $0.40 to $0.50.
Fourth Quarter Fiscal 2017 Highlights:
Revenue increased 12.5% sequentially to $50.6 million when compared to $45.0 million in the third quarter of fiscal 2017 and decreased 4.5% when compared to $53.0 million in the fourth quarter of fiscal 2016;
Revenue in the Americas increased 12.6% and revenue in Asia/Pacific & Europe increased 12.2%, both when compared sequentially to the third quarter of fiscal 2017. On a year over year basis, revenue in the Americas decreased 2.0% and revenue in Asia/Pacific & Europe decreased 11.9%. However, revenue in Japan increased 6.7% year over year;
Active independent distributors and active preferred customers increased 1.6% and 0.9%, respectively, when compared to the third quarter of fiscal 2017;
Adjusted EBITDA increased 100.6% to $3.3 million when compared to $1.6 million in the third quarter of fiscal 2017 and decreased 41.7% when compared to $5.6 million in the comparable period of fiscal 2016;
Earnings per diluted share were $0.01, compared to $0.00 in the third quarter of fiscal 2017 and $0.17 in the fourth quarter of fiscal 2016;
Adjusted earnings per diluted share were $0.04, compared to $0.02 in the third quarter of fiscal 2017 and $0.23 in the fourth quarter of fiscal 2016; and
On September 1, 2017, the Company officially opened for business in Germany, the fourth largest direct selling market globally.
Fiscal Year 2017 Highlights:
- Revenue decreased 3.4% to $199.5 million, compared to $206.5 million in fiscal 2016;
- Revenue in the Americas decreased 4.7% and revenue in Asia/Pacific & Europe increased 0.8%, both when compared to fiscal 2016;
- Adjusted EBITDA decreased 33.4% to $13.1 million, compared to $19.7 million for fiscal 2016;
- Earnings per diluted share were $0.11, compared to $0.42 in fiscal 2016; and
- Adjusted earnings per diluted share were $0.27, compared to $0.64 in fiscal 2016.
GUIDANCE:
Lifevantage sees FY2018 EPS of $0.40-$0.50. Lifevantage sees FY2018 revenue of $206-212 billion.
For earnings history and earnings-related data on Lifevantage (LFVN) click here.
