FitLife Brands Q1 revenue up 54% to $16.5M; net income jumps to $2.2M

FITLIFE BRANDS, INC.

2024-Q1 EPS reported $0.43 revenue$16,549,000

Revenue $16.5M (+54% YoY); online sales $10.8M (+116%) = 65% of total.
Net income $2.2M vs $0.2M; diluted EPS $0.43 vs $0.03.
Adjusted EBITDA $3.6M (+62% YoY); gross margin 44.0% vs 41.1%.
Ended quarter with $16.5M term loans, $3.3M cash, net debt $13.2M.
CEO: Dr. Tobias brand returned to growth; MusclePharm bar re-launched April 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 first quarter ended March 31, 2024 results: revenue $16.5 million, net income $2.2 million, EPS $0.47 and $0.43 respectively.

Period: first quarter ended March 31, 2024
Revenue: $16.5 million
Net income: $2.2 million
EPS: $0.47 and $0.43 respectively
Result: reported results

Exact text from the filing

products, today announced financial results for the first quarter ended March 31, 2024. Highlights for the first quarter ended March 31, 2024 include: ● Total revenue was $16.5 million, an increase of 54% compared to the first quarter of 2023. ● Online sales were $10.8 million, representing 65% of total revenue and an increase of 116% compared to the first

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Source: SEC EDGAR

accession 0001437749-24-016354

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