Strong Start to 2025
First quarter results beat analyst expectations with revenue at $113 million or $115 million on a constant currency basis, up 5% versus prior year. Adjusted EBITDA was also strong, at $11 million, up 20% versus prior year.
Asia Pacific and Europe Growth
Revenue in Asia Pacific increased 10% versus prior year on a local currency basis, with Japan and Taiwan sales increasing 24% and 18%, respectively. Sales in Europe increased 9% on a constant currency basis, driven by a 16% increase in Central Europe.
Digital Sales Expansion
Digital sales in North America increased 19% versus prior year, more than double the supplement industry's digital growth rate, with the Subscribe & Thrive autoship program representing approximately 26% of total sales.
Sustainability Achievements
Achievements include a 50% reduction in carbon emissions and a 35% cut in waste, along with 100% solar power utilization at the manufacturing facility.
Improved Profitability
Operating income increased to $6.2 million compared to $4.6 million in the year-ago quarter, and GAAP net income was $4.7 million compared to $2.3 million.
Strong Balance Sheet
The company has $86.5 million in cash and cash equivalents, zero debt, and has repurchased 38,000 shares with $33.3 million remaining for share repurchase.