secwatch.observer — SEC 8-K summary
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Issuer:     FITLIFE BRANDS, INC. (FTLF)
CIK:        0001374328
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001851734-22-000185
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FitLife Brands announces preliminary FY2021 results and independent investigation of revenue recognition
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- Preliminary FY2021 revenue $27.7-27.9M; net income $5.2-5.4M; adjusted EBITDA $6.6-6.8M.
- Audit committee launched independent investigation into revenue recognition and cost accounting for FY2019-2021.
- Company expects restatement of prior financial statements after investigation; unable to file 10-K on time.
- Cash balance $9.9M as of Dec 31, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374328/000185173422000185/0001851734-22-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374328/000185173422000185/ftlf20220401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001851734-22-000185

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