Revenue Growth and Margin Expansion
Revenues increased approximately 13% year-over-year to $55.1 million, with a 40 basis points expansion in gross margin. Adjusted EBITDA was $4.8 million, flat compared to last year's fourth quarter.
International Business Returns to Growth
For the first time in 12 quarters, the international business showed growth, with revenues in Asia Pacific and Europe regions increasing by 8%.
Strategic Acquisition of LoveBiome
LifeVantage announced the acquisition of LoveBiome, focusing on the gut health sector, which is projected to grow from $14.4 billion in 2025 to $32.4 billion by 2035, a CAGR of 8.4%.
Partnership with Shopify
LifeVantage entered an agreement with Shopify to modernize its technology and marketing stack, aiming for significant growth potential.
Positive Cash Flow and Shareholder Returns
Finished the fiscal year with $20.2 million in cash and no debt. Repurchased approximately 160,000 shares and announced a quarterly cash dividend.