secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001437749-23-031771
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923031771/0001437749-23-031771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774923031771/ftlf20231113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031771

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