Lifevantage Corp. said its normalized net income for the fiscal first quarter ended Sept. 30 was 8 cents per share, a decrease of 74.4% from 30 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.1 million, a decrease of 76.2% from $4.5 million in the year-earlier period.
The normalized profit margin fell to 2.4% from 8.7% in the year-earlier period.
Total revenue declined 12.2% on an annual basis to $45.4 million from $51.6 million, and total operating expenses declined from the prior-year period to $42.7 million from $43.9 million.
Reported net income fell 76.7% on an annual basis to $1.1 million, or 8 cents per share, from $4.7 million, or 32 cents per share.