---
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"
generated_at: "2026-06-04T05:15:02.722761+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FitLife Brands FY2023 revenue up 83% to $52.7M; net income $5.3M (+20%)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-010094
- JSON: https://secwatch.observer/filing/0001437749-24-010094.json
- Plain text: https://secwatch.observer/filing/0001437749-24-010094.txt

## Key facts
- Earnings Releases
  FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.
  - Period: fiscal year ended December 31, 2023
  - Net income: $5.3 million
  - Result: reported results
  source text: Total revenue was $52.7 million, an increase of 83% compared to $28.8 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm
- Earnings Releases
  FITLIFE BRANDS, INC. reported fiscal year ended December 31, 2023 results: net income $5.3 million.
  - Period: fiscal year ended December 31, 2023
  - Net income: $5.3 million
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm
- Earnings Releases
  FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $1.5 million
  - Result: reported results
  source text: Total revenue for the fourth quarter was $13.3 million, an increase of 148% compared to the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm
- Earnings Releases
  FITLIFE BRANDS, INC. reported fourth quarter ended December 31, 2023 results: net income $1.5 million.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $1.5 million
  - Result: reported results
  source text: Net income for the fourth quarter of 2023 increased 140% to $1.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.