secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001437749-24-010094
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/0001437749-24-010094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774924010094/ftlf20240328_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-010094

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