LFVN News & Events

LifeVantage files $75M mixed securities shelf

LifeVantage announced that after nine years at LifeVantage, Steve Fife, president, CEO and a member of the board of directors, has decided to retire in April. Fife will continue in his role as president and CEO during the transition period to ensure business continuity through his retirement date. The board is conducting an executive search and anticipates announcing the new CEO in the coming months.

Reports Q2 revenue $48.93M, consensus $54.4M. "The second quarter reflected challenging competitive dynamics in the weight loss market as we cycled the launch of our MindBody GLP-1 System in October 2024," said Steve Fife, President and CEO of LifeVantage. "We acknowledge that our performance during the quarter did not meet your expectations or ours and we are redoubling our efforts to stabilize our GLP-1 business and make the other changes necessary to return to revenue growth. While the growth trajectory of MindBody may have changed, we remain committed to this proven, scientifically validated natural weight loss solution."