FitLife Q2 revenue $14.8M (+89% YoY), net income $2.0M (+36%); MRC integration progressing

FITLIFE BRANDS, INC.

2023-Q2 EPS reported $0.43 revenue$25,498,000

Total revenue $14.8M (+89% YoY); net income $2.0M (+36%); diluted EPS $0.40 vs $0.29.
Adjusted EBITDA $3.0M (+35%); MRC contributed ~50% of consolidated EBITDA.
Legacy FitLife revenue down 9% to $7.1M; online revenue +15%, wholesale -15%.
MRC integration: $1.5M annual SG&A savings; ad spend reduced 20% vs prior year with no material revenue impact.
Cash $9.8M, term loan $11.9M (net debt $2.1M); seeking Nasdaq listing, may consider stock split to meet ADV threshold.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FITLIFE BRANDS, INC. reported the second quarter ended June 30, 2023 results: revenue $14.8 million, net income $2.0 million, EPS $0.44 basic, $0.40 diluted.

Period: the second quarter ended June 30, 2023
Revenue: $14.8 million
Net income: $2.0 million
EPS: $0.44 basic, $0.40 diluted
Result: reported results

Exact text from the filing

first full quarter following the acquisition of Mimi’s Rock Corp (“MRC”) on February 28, 2023. Highlights for the second quarter ended June 30, 2023 include: ● Total revenue was $14.8 million, an increase of 89% compared to the second quarter of 2022. ● Adjusted EBITDA was $3.0 million, an increase of 35% compared to the second quarter of 2022, approximately half of

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FITLIFE BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-023679

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