Launch of MindBody GLP-1 System
LifeVantage launched the MindBody GLP-1 System, expanding the total addressable market with overwhelming initial response from consultants and customers.
Strong Adjusted EBITDA Growth
Adjusted EBITDA increased by 11% compared to last year, with a margin improvement of 160 basis points.
Successful Clinical Trial Results
The MindBody GLP-1 System showed a 140% average increase in GLP-1 levels, with significant weight loss and fat reduction in a 12-week trial.
High Demand and Sales Momentum
October marked the highest bookings month in company history, with enrollments approximately 4x recent monthly averages.
Cash and No Debt
The company maintains a strong financial position with $14.6 million in cash and no debt.