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Lifevantage fiscal Q3 profit climbs YOY

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Lifevantage fiscal Q3 profit climbs YOY

Lifevantage Corp. said its normalized net income for the fiscal third quarter ended March 31 came to 8 cents per share, a gain from 3 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, an increase from $452,500 in the year-earlier period.

The normalized profit margin rose to 2.0% from 1.0% in the year-earlier period.

Total revenue rose 24.4% year over year to $56.2 million from $45.2 million, and total operating expenses rose 20.3% from the prior-year period to $52.5 million from $43.7 million.

Reported net income rose 77.1% year over year to $988,960, or 7 cents per share, from $558,440, or 4 cents per share.