LifeVantage Announces Financial Results for the Third Quarter of Fiscal 2020
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Lifevantage (LFVN) Misses Q3 EPS by 3c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus
May 5, 2020 5:25 PM EDTLifevantage (NASDAQ: LFVN) reported Q3 EPS of $0.13, $0.03 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $56.1 million versus the consensus estimate of $60.7 million.
Third Quarter Fiscal 2020 Summary*:
Revenue of $56.1 million was up slightly from the prior year period;Revenue in the Americas declined 0.5% and revenue in Asia/Pacific & Europe increased 1.6%;Average revenue per account increased 8.6%;Total active accounts decreased 3.8% sequentially to 175,000, while declining year over year by 7.4%. The sequential decline included a 2.9% decline in distributors and a 4.4% decline in customers. On year over year basis, distributors... More