secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023679
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923023679/0001437749-23-023679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923023679/ftlf20230814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023679

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer