Lifevantage Corp 10-Q Filing

Ticker: LFVN · Form: 10-Q · Filed: Feb 5, 2025 · CIK: 849146

Lifevantage Corp 10-Q Filing Summary
FieldDetail
CompanyLifevantage Corp (LFVN)
Form Type10-Q
Filed DateFeb 5, 2025
Pages15
Reading Time18 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Lifevantage Corp (ticker: LFVN) to the SEC on Feb 5, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.0001 (b) of the Act: Common Stock, par value $0.0001 LFVN The Nasdaq Stock Market LLC Title).

How long is this filing?

Lifevantage Corp's 10-Q filing is 15 pages with approximately 4,541 words. Estimated reading time is 18 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,541 words · 18 min read · ~15 pages · Grade level 19.3 · Accepted 2025-02-05 16:05:56

Key Financial Figures

  • $0.0001 — b) of the Act: Common Stock, par value $0.0001 LFVN The Nasdaq Stock Market LLC Title

Filing Documents

Financial Information

PART I. Financial Information 5

Financial Statements

Item 1. Financial Statements: 5 Condensed Consolidated Balance Sheets (unaudited) 5 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited) 6 Condensed Consolidated Statement of Stockholders' Equity (unaudited) 7 Condensed Consolidated Statements of Cash Flows (unaudited) 9 Notes to Condensed Consolidated Financial Statements (unaudited) 10

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 26

Controls and Procedures

Item 4. Controls and Procedures 26

Other Information

PART II. Other Information 26

Legal Proceedings

Item 1. Legal Proceedings 26

Risk Factors

Item 1A. Risk Factors 26

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27

Other Information

Item 5. Other Information 27

Exhibits

Item 6. Exhibits 27

Financial Information

PART I. Financial Information

Financial Statements

Item 1. Financial Statements LIFEVANTAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) December 31, 2024 June 30, 2024 (In thousands, except per share data) ASSETS Current assets Cash and cash equivalents $ 21,595 $ 16,886 Accounts receivable 2,087 2,949 Income tax receivable — 313 Inventory, net 17,467 15,055 Prepaid expenses and other 4,641 2,443 Total current assets 45,790 37,646 Property and equipment, net 7,136 7,813 Right-of-use assets 8,915 9,569 Intangible assets, net 257 323 Deferred income tax asset 5,784 4,268 Other long-term assets 645 680 TOTAL ASSETS $ 68,527 $ 60,299 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 5,757 $ 5,853 Commissions payable 7,944 6,569 Income tax payable 660 202 Lease liabilities 1,886 1,811 Other accrued expenses 11,302 7,874 Total current liabilities 27,549 22,309 Long-term lease liabilities 10,883 11,801 Other long-term liabilities 206 198 Total liabilities 38,638 34,308 Commitments and contingencies - Note 7 Stockholders' equity Preferred stock — par value $ 0.0001 per share, 5,000 shares authorized, no shares issued or outstanding — — Common stock — par value $ 0.0001 per share, 40,000 shares authorized and 12,550 and 12,510 issued and outstanding as of December 31, 2024 and June 30, 2024, respectively 1 1 Additional paid-in capital 138,171 136,644 Accumulated deficit ( 106,478 ) ( 108,738 ) Accumulated other comprehensive loss ( 1,805 ) ( 1,916 ) Total stockholders' equity 29,889 25,991 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 68,527 $ 60,299 The accompanying notes are an integral part of these condensed consolidated financial statements. 5 LIFEVANTAGE CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) Three Months Ended December 31, Six Months Ended December 31, 2024 2023 2024 2023 (In thousands, except per share data) Revenue, net $ 67

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