Lifevantage Corp. said its normalized net income for the fiscal third quarter ended March 31 was 3 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.
EPS fell 75.2% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $452,500, a decrease of 77.3% from $2.0 million in the prior-year period.
The normalized profit margin fell to 1.0% from 3.6% in the year-earlier period.
Total revenue declined 18.0% on an annual basis to $45.2 million from $55.1 million, and total operating expenses decreased 13.7% year over year to $43.7 million from $50.6 million.
Reported net income fell 54.2% year over year to $977,250, or 4 cents per share, from $2.1 million, or 14 cents per share.
