{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-010094","form_type":"8-K","ticker":"FTLF","cik":"0001374328","company_name":"FITLIFE BRANDS, INC.","filed_at":"2024-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.985360+00:00","generated_at":"2026-06-04T05:15:02.722761+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FitLife Brands FY2023 revenue up 83% to $52.7M; net income $5.3M (+20%)","bullets":["Revenue $52.7M vs $28.8M prior year; online sales surged 309% to $33.4M (63% of total).","Net income $5.3M, up 20%; adjusted EBITDA $10.2M, up 52%.","Debt reduced to $16.5M after $3.6M in Q1 2024 payments; net debt $13.5M as of March 28.","Preliminary Q1 2024: first two months revenue ~$11M; MRC returned to growth with 30% lower ad spend.","MusclePharm re-launching Combat Sport protein bar in Q2 2024; previously sold 25M+ bars/year."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-010094","json":"https://secwatch.observer/filing/0001437749-24-010094.json","markdown":"https://secwatch.observer/filing/0001437749-24-010094.md","text":"https://secwatch.observer/filing/0001437749-24-010094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/ftlf20240328_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:15:02.722761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"670b8af1beb4bc614a4b8cfa2e0e8368d3905521","claim":"FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.","evidence_excerpt":"Total revenue was $52.7 million, an increase of 83% compared to $28.8 million in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Net income","value":"$5.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"670b8af1beb4bc614a4b8cfa2e0e8368d3905521","claim":"FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.","evidence_excerpt":"● Net income increased 20% to $5.3 million. ● Adjusted EBITDA increased 52% to $10.2 million. ● The Company ended the year with $20.1 million debt and $1.9 million of cash.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Net income","value":"$5.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"985346de7eca1e36dfb4c686364a2f2b44520e6c","claim":"FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.","evidence_excerpt":"Total revenue for the fourth quarter was $13.3 million, an increase of 148% compared to the same period in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$1.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"985346de7eca1e36dfb4c686364a2f2b44520e6c","claim":"FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.","evidence_excerpt":"Net income for the fourth quarter of 2023 increased 140% to $1.5 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2023"},{"label":"Net income","value":"$1.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}