8-K
filed February 20, 2024, 6:59 PM ET
ticker MED
CIK 0000910329
earnings
confidence high
sentiment negative
materiality 0.85
Medifast Q4 revenue falls 43% to $191M; guides Q1 2024 revenue $155-175M
MEDIFAST INC
2023-FY EPS reported
$9.10
revenue$1,072,054,000
- Q4 net income $6.0M ($0.55 diluted EPS); adjusted net income $11.9M ($1.09 adjusted EPS).
- Active OPTA VIA Coaches down 32.5% YoY to 41,100; revenue per coach fell 16.1% to $4,648.
- Full-year 2023 revenue $1.1B, down 32.9% YoY; net income $99.4M ($9.10 diluted EPS).
- Q1 2024 revenue guidance $155-175M; diluted EPS $0.25-0.95, excluding LifeMD collaboration costs.
- Cash and investments $150M, no interest-bearing debt; company pivoting to medically-supported weight loss with LifeMD.
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 Full Year 2023 results: revenue $1.1 billion, net income $99.4 million, EPS $9.10.
- Period
- Full Year 2023
- Revenue
- $1.1 billion
- Net income
- $99.4 million
- EPS
- $9.10
- Result
- reported results
Exact text from the filing
Full Year 2023 • Revenue of $1.1 billion • Net income of $99.4 million (non-GAAP adjusted net income of $105.2 million) • EPS of $9.10 (non-GAAP adjusted EPS of $9.64)
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MEDIFAST INC reported fourth quarter and full year ended December 31, 2023 results: revenue $191.0 million, net income $6.0 million, EPS $0.55 per diluted share.
- Period
- fourth quarter and full year ended December 31, 2023
- Revenue
- $191.0 million
- Net income
- $6.0 million
- EPS
- $0.55 per diluted share
- Result
- reported results
Exact text from the filing
Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA®, today reported results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 • Revenue of $191.0 million, with revenue per active earning Coach of $4,648 • Independent active earning OPTA VIA Coaches of 41,100 • Net income of $6.0 million (non-GAAP adjusted net income of $11.9 million) • Earnings per diluted share ("EPS") of $0.55 (non-GAAP adjusted EPS of $1.09) Full Year 2023 • Revenue of $1.1 billion • Net income of $99.4 million (non-GAAP adjusted net income of $105.2 million) • EPS of $9.10 (non-GAAP adjusted EPS of $9.64) • Cash, Cash Equivalents, and Investments of $150.0 million and no interest-bearing debt
View on SEC.gov
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