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LifeVantage Announces Financial Results for the Second Quarter of Fiscal 2021
LifeVantage CorporationFebruary 2, 2021 GMT
Revenue of $59.0 Million, Up 7.6% Sequentially
Second Quarter Adjusted EBITDA Increased 12.6%
Steven R. Fife Appointed President & CEO
SALT LAKE CITY, Feb. 02, 2021 (GLOBE NEWSWIRE) LifeVantage Corporation (Nasdaq: LFVN) today reported financial results for its second quarter ended December 31, 2020.
Second Quarter Fiscal 2021 Summary:
Revenue of $59.0 million, an increase of 7.6% sequentially and a decline of 3.6% from the prior year period;
Total active accounts increased 1.2% sequentially to 174,000, while declining 4.4% compared to the prior year period. The sequential growth included a 1.5% decline in distributors and a 2.9% increase in customers. Compared to the prior year period, distributors declined 1.5% and customers declined 6.1%;