Lifevantage corp (LFVN)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Revenue, net

56,077

61,242

56,228

56,170

56,012

58,167

55,609

54,033

50,562

49,482

49,127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue, net

-

-

-

-

-

-

-

-

-

-

-

-

45,007

48,947

54,894

53,033

56,160

51,995

45,352

45,301

45,155

48,247

51,633

56,038

55,064

51,538

51,328

51,511

50,370

53,438

52,859

44,604

36,212

25,284

20,083

15,040

9,975

7,460

6,443

Cost of sales

9,095

10,230

9,190

9,710

9,270

9,794

9,199

8,071

8,921

9,117

8,739

8,891

8,233

7,500

8,832

9,401

9,714

7,842

6,975

7,293

7,552

7,486

5,679

8,982

8,459

7,944

7,809

7,909

7,330

8,799

7,807

6,426

4,989

3,680

2,957

2,123

1,581

1,191

1,020

Product recall costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-461

5,879

-

-

0

-

-

-

-

-

-

Gross profit

46,982

51,012

47,038

46,460

46,742

48,373

46,410

45,962

41,641

40,365

40,388

41,750

36,774

41,447

46,062

43,632

46,446

44,153

38,377

38,008

37,603

40,761

45,954

47,056

46,605

43,594

43,519

44,222

43,501

38,760

45,052

38,178

31,223

21,604

17,126

12,916

8,393

6,268

5,423

Operating expenses:
Commissions and incentives

26,668

29,235

26,774

25,454

27,205

28,176

27,785

27,069

24,320

23,395

23,409

23,983

22,843

23,540

26,296

25,595

28,185

27,297

22,043

21,668

21,637

23,195

24,574

26,967

26,760

25,399

25,399

-

-

-

-

-

-

-

-

-

-

-

-

Commissions and incentives

26,668

29,235

26,774

25,454

27,205

28,176

27,785

27,069

24,320

23,395

23,409

23,983

22,843

23,540

26,296

-

28,185

-

-

21,668

21,637

23,195

24,574

-

26,760

25,399

25,399

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative

17,281

18,131

17,686

15,338

17,296

19,616

17,301

14,593

15,023

14,643

15,581

16,227

13,708

17,207

17,780

13,957

14,630

13,824

13,663

14,781

14,481

14,476

13,615

15,344

15,378

13,029

13,050

-

-

-

-

-

-

-

-

-

-

-

-

Sales and marketing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,844

29,593

29,540

-

19,676

13,878

10,543

8,278

5,350

4,020

3,410

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,370

7,495

7,853

-

4,616

3,035

2,839

2,431

2,081

1,496

1,507

Research and development

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

848

742

514

-

378

312

234

193

115

89

109

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

499

443

238

-

146

97

80

57

54

53

50

Total operating expenses

43,949

47,366

44,460

40,792

44,501

47,792

45,086

41,662

39,343

38,038

38,990

40,210

36,551

40,747

44,076

39,552

42,815

41,121

35,706

36,449

36,118

37,671

38,189

42,311

42,138

38,428

38,449

43,488

39,561

38,273

38,145

30,840

24,816

17,322

13,696

10,960

7,601

5,659

5,078

Operating income

3,033

3,646

2,578

5,668

2,241

581

1,324

4,300

2,298

2,327

1,398

1,540

223

700

1,986

4,080

3,631

3,032

2,671

1,559

1,485

3,090

7,765

4,745

4,467

5,166

5,070

734

3,940

487

6,907

7,338

6,407

4,282

3,430

1,955

792

608

344

Other expense:
Interest expense, net

30

41

48

41

72

100

110

99

92

103

162

164

131

138

137

145

1,808

619

749

746

748

785

808

1,181

1,160

833

3

-

-

-

-

-

-

-

-

-

468

544

1,464

Other expense, net

-337

-148

-80

-129

-11

-72

-49

-199

27

-169

22

-616

-32

-150

-171

-1,153

-46

6

-216

-103

-13

-246

203

-7

-118

468

41

-977

122

-16

-41

-

21

26

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

-

-

-

-

Change in fair value of derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,687

3,142

805

-

-10,090

5,477

1,835

Total other expense

-367

-189

-128

-170

-83

-172

-159

-298

-65

-272

-140

-780

-163

-288

-308

-1,298

-1,854

-613

-965

-849

-761

-1,031

-605

-1,188

-1,278

-365

38

-980

122

-16

-41

-53

-10,666

3,168

766

-49,146

-10,559

4,933

370

Income before income taxes

2,666

3,457

2,450

5,498

2,158

409

1,165

4,002

2,233

2,055

1,258

760

60

412

1,678

2,782

1,777

2,419

1,706

710

724

2,059

7,160

3,557

3,189

4,801

5,108

-246

4,062

471

6,866

7,285

-4,259

7,450

4,196

-47,190

-9,767

5,542

715

Income tax expense

1,005

-846

700

1,545

376

-420

300

1,010

598

1,738

441

676

-1

129

498

345

774

819

640

346

151

587

2,444

1,206

695

1,519

1,852

-64

646

262

2,701

2,453

587

-1,309

472

-

-

95

-

Net income

1,661

4,303

1,761

3,907

1,782

829

911

2,992

1,635

317

817

84

61

283

1,180

2,437

1,003

1,600

1,066

364

573

1,472

4,716

2,351

2,494

3,282

3,256

-182

3,416

209

4,165

4,832

-4,846

8,759

3,724

-47,187

-9,767

5,447

715

Net income per share:
Basic (USD per share)

0.12

0.31

0.13

0.27

0.13

0.06

0.07

0.21

0.12

0.02

0.06

0.01

0.00

0.02

0.09

0.17

0.07

0.12

0.08

0.03

0.04

0.11

0.33

0.67

0.02

0.03

0.03

0.00

0.03

0.00

0.04

0.04

-0.05

0.09

0.04

-0.65

-0.13

0.08

0.01

Diluted (USD per share)

0.11

0.30

0.12

0.26

0.12

0.06

0.06

0.21

0.12

0.02

0.06

0.01

0.00

0.02

0.08

0.16

0.07

0.11

0.08

0.04

0.04

0.10

0.32

0.63

0.02

0.03

0.03

0.00

0.03

0.00

0.03

0.09

-0.05

0.05

0.02

-0.55

-0.13

0.00

-0.01

Weighted-average shares outstanding:
Basic (in shares)

14,252

13,902

14,009

14,124

14,165

13,944

13,987

14,043

14,006

13,956

13,963

13,949

13,915

13,840

13,820

13,759

13,734

13,718

13,709

13,688

13,724

13,956

14,228

-261,578

101,594

105,770

114,666

111,982

112,806

113,449

110,867

109,404

103,016

99,409

98,955

84,762

73,181

71,063

63,684

Diluted (in shares)

14,689

14,562

15,106

-

15,286

14,963

15,139

-

14,178

14,153

14,080

-

14,105

14,132

14,466

-

14,128

14,016

13,830

-

13,961

14,388

14,837

-

106,578

112,392

123,542

-

124,985

127,131

125,781

-

103,016

121,231

121,959

-

73,181

90,969

89,693

Other comprehensive loss, net of tax:
Foreign currency translation adjustment

0

-14

-16

94

-42

121

-125

-55

97

46

20

-15

26

-189

91

116

102

9

17

-57

1

-136

57

360

103

-192

-274

-68

-87

68

-5

-

-

-

-

-

-

-

-

Other comprehensive loss, net of tax

0

-14

-16

94

-42

121

-125

-55

97

46

20

-15

26

-189

91

116

102

9

17

-57

1

-136

57

360

103

-192

-274

-68

-87

68

-5

-

-

-

-

-

-

-

-

Comprehensive income

1,661

4,289

1,745

-

1,740

950

786

-

1,732

363

837

-

87

94

1,271

-

1,105

1,609

1,083

-

574

1,336

4,773

-

2,597

3,090

2,982

-

-

-

-

-

-

-

-

-

-9,784

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

8

84

-

-

-

-

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

8

84

-

-

-

-

Foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

6

-14

Other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

5,454

700

Comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-250

3,329

277

4,160

4,858

-4,926

8,767

3,808

-

-

-

-