LifeVantage reports first quarter fiscal 2027 revenue down 22% as CEO outlines new strategy
The Salt Lake City company posted a net loss of $0.2 million for the quarter ended September 30, 2026, citing lower active accounts and softer sales of its MindBody GLP-1 System.
LifeVantage Corporation reported financial results for the quarter ended September 30, 2026 on November 9, 2026. Revenue was $37.1 million, a 22.0% decrease compared to revenue of $47.6 million in the quarter ended September 30, 2025, including a $0.4 million, or 0.8% negative impact from foreign currency.1 The company said the revenue decline was primarily driven by lower active accounts, reflecting impacts from the broader macro environment, as well as lower sales of the MindBody GLP-1 System, partially offset by sales of the LoveBiome product line, which the company acquired in October 2025.1
President and Chief Executive Officer Terrence Moorehead said the company has "significant untapped potential, and we now have a clear strategy designed to capture it."1 He added that the focus is on "transforming LifeVantage into a more brand-driven, consumer-focused company, supported by a modern digital platform and an expanding community of consumers and brand advocates."1
Gross profit for the quarter was $28.0 million, or 75.4% of revenue, compared to $37.8 million, or 79.5% of revenue, for the prior year period, which the company attributed in part to an inventory allowance tied to the MindBody GLP-1 System as well as higher shipping and warehouse costs.1
Operating loss for the quarter was $0.1 million compared to operating income of $2.3 million a year earlier, and net loss was $0.2 million, or $0.02 per diluted share, compared to net income of $2.2 million, or $0.17 per diluted share, in the prior year period.1
On liquidity, the company generated $0.5 million of cash from operations during the quarter, compared to $2.3 million used in operations a year earlier, and cash and cash equivalents stood at $13.7 million as of September 30, 2026, compared to $14.9 million at June 30, 2026, with no debt outstanding.1 The company did not repurchase any shares during the quarter, leaving $58.5 million remaining under its $60 million share repurchase program.1
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