Medifast Q4 revenue down 10.7% to $337.2M; guides Q1 revenue $300-320M

MEDIFAST INC

2022-FY EPS reported $12.73 revenue$1,598,577,000

Q4 GAAP EPS $2.41, adjusted EPS $3.70; net income $26.5M vs $34.0M YoY.
Full-year 2022 revenue up 4.8% to $1.6B; GAAP EPS $12.73, adjusted EPS $14.50.
Active earning OPTA VIA Coaches 60,900 (+1.8% YoY); revenue per coach $5,538 (-12.4%).
Q1 2023 guidance: revenue $300-320M, diluted EPS $1.75-2.40; assumes 26-27% tax rate.
Cash $87.7M, no debt; quarterly dividend of $1.64/share paid Feb 7, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MEDIFAST INC reported the fiscal year ended December 31, 2022 results: revenue $1.6 billion, net income $143.6 million, EPS $12.73 per diluted share. Guidance reaffirmed.

Period: the fiscal year ended December 31, 2022
Revenue: $1.6 billion
Net income: $143.6 million
EPS: $12.73 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the fiscal year ended December 31, 2022, revenue increased 4.8% to $1.6 billion compared to revenue of $1.5 billion in 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MEDIFAST INC reported the fourth quarter ended December 31, 2022 results: revenue $337.2 million, net income $26.5 million, EPS $2.41 per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $337.2 million
Net income: $26.5 million
EPS: $2.41 per diluted share
Result: reported results

Exact text from the filing

one of the fastest-growing health and wellness communities, OPTA VIA® , today reported results for the fourth quarter ended December 31, 2022. Fourth Quarter 2022 • Revenue of $337.2 million, with revenue per active earning coach of $5,538 • Independent active earning OPTA VIA Coaches of 60,900 • Net income of $26.5 million (non-GAAP adjusted net income of $40.6

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Source: SEC EDGAR

accession 0001628280-23-004295

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