Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>We have updated our models following the company’s 2QFY24 (December) earnings release.</li><li>We are raising our EPS estimates for FY24 (June) to $0.60 from $0.55, FY25 (June) to $0.70 from $0.65, and FY26 (June) to $0.80 from $0.75. Since 2QFY24 beat our previous forecast by $0.06, we are essentially flowing through that upside.</li><li>Our $0.60 EPS estimate for FY24 is toward the lower end of management’s new range of $0.57-0.67, which was raised from $0.52-0.62 at the time of the release.</li></ul>

We have updated our models following the company’s 2QFY24 (December) earnings release.We are raising our EPS estimates for FY24 (June) to $0.60 from $0.55, FY25 (June) to $0.70 from $0.65, and FY26 (June) to $0.80 from $0.75. Since 2QFY24 beat our previous forecast by $0.06, we are essentially flowing through that upside.Our $0.60 EPS estimate for FY24 is toward the lower end of management’s new range of $0.57-0.67, which was raised from $0.52-0.62 at the time of the release.

LifeVantage Corporation - Raising EPS & EBITDA Estimates; Trimming Sales

Lifevantage

LifeVantage Corporation - Raising EPS & EBITDA Estimates; Trimming Sales