FitLife Q3 revenue up 67% to $13.9M; net income up 39% to $1.7M

FITLIFE BRANDS, INC.

2023-Q3 EPS reported $0.78 revenue$39,401,000

Revenue $13.9M (+67% YoY); diluted EPS $0.35 (+46%); Adjusted EBITDA $2.5M (+36%).
Online revenue 68% of total ($9.4M, +338% YoY); gross margin improved to 41.0% from 39.0%.
MRC contributed ~69% of net income; advertising expense reduced to 16.6% of MRC revenue from 21.9%.
Legacy FitLife revenue declined 19% YoY; online growth slowed but improved sequentially in Sept/Oct.
Closed $18.5M MusclePharm asset acquisition; expect online revenue from brand to exceed $5M in 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FITLIFE BRANDS, INC. reported third quarter ended September 30, 2023 results: revenue $13.9 million, net income $1.7 million, EPS $0.38.

Period: third quarter ended September 30, 2023
Revenue: $13.9 million
Net income: $1.7 million
EPS: $0.38
Result: reported results

Exact text from the filing

today announced financial results for the third quarter ended September 30, 2023. Highlights for the third quarter ended September 30, 2023 include: ● Total revenue was $13.9 million, an increase of 67% compared to the third quarter of 2022. ● Adjusted EBITDA was $2.5 million, an increase of 36% compared to the third quarter of 2022. ● Net income for the

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FITLIFE BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-031771

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