secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2026-05-14T18:00:30+00:00
Accession:  0001437749-26-016983
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FitLife Q1 revenue up 59% to $25.3M but net income falls to $1.7M; adjusted EBITDA down 3%
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- Total revenue $25.3M (+59% YoY); wholesale $14.1M (+166%), online $11.2M (+6%).
- Net income $1.7M ($0.17 diluted EPS) vs. $2.0M ($0.20) YoY; adjusted EBITDA $3.3M (-3%).
- Gross margin 37.6% vs. 43.1% driven by lower-margin Irwin acquisition; Legacy FitLife revenue down 22%.
- Irwin added $10.3M wholesale revenue; Amazon run-rate reached ~$9.6M annual; out-of-stocks caused $1-1.5M lost revenue.
- Debt: $37.6M term loan + $4.2M revolver; net debt $40.6M; cash $1.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000143774926016983/0001437749-26-016983-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000143774926016983/ftlf20260514_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016983

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