FitLife Q3 revenue up 15% to $16M; net income $2.1M, adjusted EBITDA up 41%

FITLIFE BRANDS, INC.

2024-Q3 EPS reported $1.40 revenue$49,456,000

Revenue $16.0M (+15% YoY); online sales $10.8M (68% of revenue) +14% YoY.
Net income $2.1M vs $1.7M; EPS $0.46 basic, $0.43 diluted.
Adjusted EBITDA $3.6M (+41% YoY); gross margin improved to 43.8% from 41.0%.
Net debt reduced to $9.5M (cash $4.7M, term loans $14.3M); repaid $8.25M of 2023 borrowings.
MusclePharm secures new retail placements; Pro Series launches in Vitamin Shoppe pilot Q1 2025.

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