LifeVantage Preliminary Q2 Revenue Climbs, Lifts Annual Revenue Outlook; Pre-Market Stock Up 31%

Lifevantage

22.04 USD -7.16%

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(RTTNews) - LifeVantage Corp. (LFVN), a health and wellness company, on Wednesday reported a rise in preliminary revenue for the second quarter, helped by strong sales and business momentum.

Steve Fife, CEO of LifeVantage, said: "Second quarter revenue results were exceptional, reflecting strong sales of the MindBody GLP-1 System we launched in October in the United States. We also saw significant growth in Active Accounts driven by the highest number of enrollments in a quarter since the third quarter of fiscal 2019."

For the three-month period, the company registered revenue of around $67.5 million, an increase of 31 percent from the same period last year.

Looking ahead, for the full year, LifeVantage has revised up its revenue outlook and now expects revenue of $235 million to $245 million, compared with prior guidance of $200 million to $210 million.

LFVN was up by 31.49 percent at $21.63 in the pre-market trade on the Nasdaq.