$LFVN
Lifevantage Corp

2013 Q4 Form 10-Q Financial Statement

#000084914614000006 Filed on February 06, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $51.54M $53.44M
YoY Change -3.56% 111.35%
Cost Of Revenue $7.944M $8.799M
YoY Change -9.72% 139.1%
Gross Profit $43.59M $38.76M
YoY Change 12.47% 79.41%
Gross Profit Margin 84.59% 72.53%
Selling, General & Admin $13.03M $37.09M
YoY Change -64.87% 119.29%
% of Gross Profit 29.89% 95.69%
Research & Development $584.0K $742.0K
YoY Change -21.29% 137.82%
% of Gross Profit 1.34% 1.91%
Depreciation & Amortization $498.0K $443.0K
YoY Change 12.42% 356.7%
% of Gross Profit 1.14% 1.14%
Operating Expenses $38.43M $38.27M
YoY Change 0.4% 120.95%
Operating Profit $5.166M $487.0K
YoY Change 960.78% -88.63%
Interest Expense $833.0K -$550.0K
YoY Change -251.45% -117.52%
% of Operating Profit 16.12% -112.94%
Other Income/Expense, Net -$365.0K -$16.00K
YoY Change 2181.25% -100.51%
Pretax Income $4.801M $471.0K
YoY Change 919.32% -93.68%
Income Tax $1.519M $262.0K
% Of Pretax Income 31.64% 55.63%
Net Earnings $3.282M $209.0K
YoY Change 1470.33% -97.61%
Net Earnings / Revenue 6.37% 0.39%
Basic Earnings Per Share $0.03 $0.00
Diluted Earnings Per Share $0.03 $0.00
COMMON SHARES
Basic Shares Outstanding 105.8M shares 113.4M shares
Diluted Shares Outstanding 112.4M shares 127.1M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.45M $28.47M
YoY Change 21.0% 111.52%
Cash & Equivalents $34.45M $28.47M
Short-Term Investments
Other Short-Term Assets $7.050M $5.590M
YoY Change 26.12% 53.99%
Inventory $9.843M $9.552M
Prepaid Expenses
Receivables $873.0K $728.0K
Other Receivables $650.0K $0.00
Total Short-Term Assets $52.87M $44.34M
YoY Change 19.24% 112.35%
LONG-TERM ASSETS
Property, Plant & Equipment $5.279M $5.671M
YoY Change -6.91% 393.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.315M $3.010M
YoY Change -56.31% 323.94%
Total Long-Term Assets $10.53M $10.49M
YoY Change 0.35% 176.78%
TOTAL ASSETS
Total Short-Term Assets $52.87M $44.34M
Total Long-Term Assets $10.53M $10.49M
Total Assets $63.39M $54.83M
YoY Change 15.62% 122.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.805M $4.778M
YoY Change -41.29% 184.4%
Accrued Expenses $14.41M $12.11M
YoY Change 18.99% 105.6%
Deferred Revenue
YoY Change
Short-Term Debt $4.700M $0.00
YoY Change -100.0%
Long-Term Debt Due $4.700M
YoY Change
Total Short-Term Liabilities $21.92M $18.74M
YoY Change 16.98% 22.46%
LONG-TERM LIABILITIES
Long-Term Debt $42.30M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $869.0K $1.058M
YoY Change -17.86% 10480.0%
Total Long-Term Liabilities $869.0K $1.058M
YoY Change -17.86% 3426.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.92M $18.74M
Total Long-Term Liabilities $869.0K $1.058M
Total Liabilities $63.94M $19.80M
YoY Change 223.02% 29.13%
SHAREHOLDERS EQUITY
Retained Earnings -$113.1M -$72.83M
YoY Change 55.28%
Common Stock $113.1M $107.8M
YoY Change 4.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$548.0K $35.03M
YoY Change
Total Liabilities & Shareholders Equity $63.39M $54.83M
YoY Change 15.62% 122.25%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $3.282M $209.0K
YoY Change 1470.33% -97.61%
Depreciation, Depletion And Amortization $498.0K $443.0K
YoY Change 12.42% 356.7%
Cash From Operating Activities $2.070M $5.440M
YoY Change -61.95% 15.74%
INVESTING ACTIVITIES
Capital Expenditures -$360.0K -$2.300M
YoY Change -84.35% 238.24%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$360.0K -$2.300M
YoY Change -84.35% 596.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $40.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.910M 70.00K
YoY Change 6914.29% -119.44%
NET CHANGE
Cash From Operating Activities 2.070M 5.440M
Cash From Investing Activities -360.0K -2.300M
Cash From Financing Activities 4.910M 70.00K
Net Change In Cash 6.620M 3.210M
YoY Change 106.23% -19.95%
FREE CASH FLOW
Cash From Operating Activities $2.070M $5.440M
Capital Expenditures -$360.0K -$2.300M
Free Cash Flow $2.430M $7.740M
YoY Change -68.6% 43.87%

Facts In Submission

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us-gaap Loss Contingency Disclosures
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is occasionally involved in lawsuits and disputes arising in the normal course of business. In the opinion of management, based upon advice of counsel, the likelihood of an adverse outcome in any litigation currently pending against the Company is remote. As such, management currently believes that the ultimate outcome of these lawsuits will not have a material impact on the Company's financial position or results of operations.</font></div></div>
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CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7230000 USD
CY2013Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7831000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1374000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1315000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
63000 USD
CY2012Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
68000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-466000 USD
CY2012Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
68000 USD
CY2013Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
63000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-466000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
869000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
973000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-327000 USD
CY2013Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-365000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000 USD
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43170000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
238000 USD
CY2013Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1511000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3870000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
659000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Share Based Compensation
ShareBasedCompensation
1051000 USD
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2294000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4161000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1152000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1501000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
45825000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
4176000 USD
us-gaap Production Related Impairments Or Charges
ProductionRelatedImpairmentsOrCharges
0 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5279000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5692000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1257000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
891000 USD
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
584000 USD
CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
742000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-113087000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-76476000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
102866000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
106297000 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
53438000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
51538000 USD
CY2012Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
29593000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
60027000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
59133000 USD
CY2013Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
29785000 USD
CY2013Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
4700000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
5000000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
43170000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-548000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
33945000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management has made a number of estimates and assumptions relating to the reporting of revenues, expenses, assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements. Actual results could differ from those estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117363000 shares
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127131000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126046000 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
112392000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
112158000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110218000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105770000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113449000 shares
lfvn Common Shares Issuable Upon Exercise Of Options Granted
CommonSharesIssuableUponExerciseOfOptionsGranted
300000 shares
CY2012Q4 lfvn Common Shares Issuable Upon Exercise Of Options Granted
CommonSharesIssuableUponExerciseOfOptionsGranted
700000 shares
CY2013Q4 lfvn Common Shares Issuable Upon Exercise Of Options Granted
CommonSharesIssuableUponExerciseOfOptionsGranted
600000 shares
lfvn Common Shares Issuable Upon Exercise Of Options Granted
CommonSharesIssuableUponExerciseOfOptionsGranted
700000 shares
lfvn Money Back Guarantee Period
MoneyBackGuaranteePeriod
P30D
lfvn Number Of Geographic Segments
NumberOfGeographicSegments
2 Segment
CY2013Q4 lfvn Paymentsfor Repurchaseof Common Stock Transaction Costs
PaymentsforRepurchaseofCommonStockTransactionCosts
300000 USD
CY2013Q4 lfvn Percentof Restocking Fee
PercentofRestockingFee
0.1
CY2013Q2 lfvn Reserve For Sales Returns
ReserveForSalesReturns
600000 USD
CY2013Q4 lfvn Reserve For Sales Returns
ReserveForSalesReturns
800000 USD
lfvn Sharebased Compensation Arrangementby Sharebased Payment Award Increase Decreaseof Sharebased Liabilities
SharebasedCompensationArrangementbySharebasedPaymentAwardIncreaseDecreaseofSharebasedLiabilities
22000 USD
lfvn Stock Issued During Period Shares Stock Warrants Exercised
StockIssuedDuringPeriodSharesStockWarrantsExercised
4300000 shares
CY2013Q4 lfvn Stock Issued During Period Shares Stock Warrants Exercised
StockIssuedDuringPeriodSharesStockWarrantsExercised
2400000 shares
lfvn Stock Issued During Period Value Stock Options And Warrants Exercised
StockIssuedDuringPeriodValueStockOptionsAndWarrantsExercised
1152000 USD
CY2013Q4 lfvn Stock Options
StockOptions
2935000 shares
lfvn Stock Options
StockOptions
5026000 shares
CY2012Q4 lfvn Stock Options
StockOptions
4936000 shares
lfvn Stock Options
StockOptions
3347000 shares
lfvn Warrant Issued
WarrantIssued
8862000 shares
CY2013Q4 lfvn Warrant Issued
WarrantIssued
3687000 shares
CY2012Q4 lfvn Warrant Issued
WarrantIssued
8746000 shares
lfvn Warrant Issued
WarrantIssued
3798000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000849146
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
103941731 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LIFEVANTAGE CORPORATION
dei Trading Symbol
TradingSymbol
LFVN

Files In Submission

Name View Source Status
0000849146-14-000006-index-headers.html Edgar Link pending
0000849146-14-000006-index.html Edgar Link pending
0000849146-14-000006.txt Edgar Link pending
0000849146-14-000006-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lfvn-20131231.xml Edgar Link completed
lfvn-20131231.xsd Edgar Link pending
lfvn-20131231_cal.xml Edgar Link unprocessable
lfvn-20131231_def.xml Edgar Link unprocessable
lfvn-20131231_lab.xml Edgar Link unprocessable
lfvn-20131231_pre.xml Edgar Link unprocessable
lfvn_123113x10q.htm Edgar Link pending
lfvn_123113xex311.htm Edgar Link pending
lfvn_123113xex312.htm Edgar Link pending
lfvn_123113xex321.htm Edgar Link pending
lfvn_123113xex322.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending