Ryan Hansen
On May 18, 2026, the Board of Directors (the “ Board ”) of FitLife Brands, Inc. (the “ Company ”) appointed Ryan Hansen, who was serving as the Company’s Executive Vice President, to the position of President of the Company.
Highest-materiality recent filing
FitLife Q1 revenue up 59% to $25.3M but net income falls to $1.7M; adjusted EBITDA down 3%
Total revenue $25.3M (+59% YoY); wholesale $14.1M (+166%), online $11.2M (+6%).
FitLife Q4 revenue $25.9M (+73%); legacy brands weak, Irwin online growing
Q4 net income $1.6M vs $2.1M YoY; adjusted EBITDA $3.5M (+14%).
Q4 2025 revenue $25.9M (+73% YoY); wholesale $15.5M (+213%), online $10.5M (+4%).
FitLife Q3 revenue $23.5M (+47% YoY), net income $0.9M (-57%) on acquisition costs
Revenue $23.5M, up 47% YoY; Irwin Naturals contributed $6.8M of the $7.5M increase.
Total purchase price of $42.5M in cash; no earnouts or contingent consideration; acquired assets $50.8M, assumed liabilities $8.3M.
FitLife Q2 revenue down 5% to $16.1M; completes $42.5M Irwin Naturals buy
Net income $1.7M ($0.18 diluted EPS) vs $2.6M ($0.27) YoY; Adjusted EBITDA $3.3M, down 13%.
FitLife Brands closes $42.5M acquisition of Irwin Naturals assets, funds with new credit facility
Acquired substantially all assets of Irwin Naturals for $42.5M; closed August 8, 2025 after bankruptcy court approval.
FitLife Brands to acquire Irwin Naturals for $42.5M; combined revenue >$120M
All-cash purchase price of $42.5M (including ~$16M net working capital); no shares issued.
FitLife Q4 rev +13% to $15M; FY24 adj EBITDA +39% to $14.1M; Q1 2025 rev seen -4-6%
Q4 2024 revenue $15.0M (+13% YoY), net income $2.1M ($0.21 diluted EPS), adjusted EBITDA $3.1M (+31%).
FitLife Brands reports preliminary FY2024 revenue $64-65M, up 21-23% YoY
Preliminary FY2024 net revenue $64-65M, up 21-23% from 2023.
FitLife Brands announces 2-for-1 forward stock split effective Feb 6, 2025
Forward split ratio 2-for-1; effective February 6, 2025; split-adjusted trading begins February 7, 2025.
FitLife Q3 revenue up 15% to $16M; net income $2.1M, adjusted EBITDA up 41%
Revenue $16.0M (+15% YoY); online sales $10.8M (68% of revenue) +14% YoY.
Q2 revenue up 15% to $16.9M, EPS $0.53 diluted vs $0.40 YoY
Revenue $16.9M (+15% YoY); net income $2.6M, diluted EPS $0.53.
FitLife Brands Q1 revenue up 54% to $16.5M; net income jumps to $2.2M
Revenue $16.5M (+54% YoY); online sales $10.8M (+116%) = 65% of total.
FitLife Brands anticipates Q1 2024 revenue $16-17M, up 49-58% YoY; adjusted EBITDA up 56-65%
Preliminary Q1 2024 net revenue $16-17M vs. prior year quarter, a 49-58% increase.
FitLife Brands FY2023 revenue up 83% to $52.7M; net income $5.3M (+20%)
Revenue $52.7M vs $28.8M prior year; online sales surged 309% to $33.4M (63% of total).
FitLife Brands guides FY2023 revenue $52-53M (+81-84%), EBITDA $10.0-10.5M
Net revenue for FY2023 expected between $52-53M, up 81-84% vs 2022.
FitLife Q3 revenue up 67% to $13.9M; net income up 39% to $1.7M
Revenue $13.9M (+67% YoY); diluted EPS $0.35 (+46%); Adjusted EBITDA $2.5M (+36%).
FitLife Brands closes $18.5M acquisition of MusclePharm assets, funded partly by new $10M term loan
Total cash consideration ~$18.5M; closed Oct 10, 2023, after US Bankruptcy Court approval.
FitLife Brands to acquire substantially all assets of MusclePharm for $18.5M
Purchase price of $18.5M all-cash; funded from cash on hand and a $10M term loan from First Citizens Bank at SOFR+275bps.
FitLife Brands receives Nasdaq listing approval; trading starts Sept 18
Received approval to list common stock on Nasdaq Capital Market.
FitLife Q2 revenue $14.8M (+89% YoY), net income $2.0M (+36%); MRC integration progressing
Total revenue $14.8M (+89% YoY); net income $2.0M (+36%); diluted EPS $0.40 vs $0.29.
FitLife Brands applies to list common stock on Nasdaq Capital Market under FTLF
FitLife submitted listing application to Nasdaq Capital Market for its common shares, currently trading on OTC Pink.
Mimi's Rock audited FY2021 rev $36.7M, net loss $5.0M, going concern warning
Audited FY2021 revenue CAD $36.7M, down 9% from $40.3M in FY2020.
FitLife Brands completes acquisition of Mimi's Rock Corp. for CAD $23.2M
Total cash purchase price ~CAD $23.2M; funded by cash on hand and new $12.5M term loan from First Citizens Bank.
FitLife Brands enters into agreement to acquire Mimi's Rock Corp. for CAD $23.2M
FitLife Brands to acquire Mimi's Rock Corp. for ~CAD $23.2M total cash.
FitLife Brands dismisses auditor Weaver and Tidwell; cites restatements and material weaknesses
Audit committee dismissed Weaver and Tidwell effective Oct 14, 2022; no disagreements on accounting principles.
FitLife Brands restates 2019-2021 financials due to revenue recognition errors; no cash impact
Restatement covers FY2019-FY2020 and quarterly periods through Q2 2021; revenue incorrectly recognized at shipment instead of delivery.
FY2021 net income $5.4M ($1.22 basic EPS) vs $8.9M ($2.09) in FY2020, a 39% decline.
FitLife Brands reports preliminary Q1 revenue $7.0-7.3M; audit committee probing revenue recognition
Preliminary Q1 revenue $7.0-7.3M, net income $1.0-1.3M, adjusted EBITDA $1.4-1.7M.
Preliminary FY2021 revenue $27.7-27.9M; net income $5.2-5.4M; adjusted EBITDA $6.6-6.8M.
On May 18, 2026, the Board of Directors (the “ Board ”) of FitLife Brands, Inc. (the “ Company ”) appointed Ryan Hansen, who was serving as the Company’s Executive Vice President, to the position of President of the Company.
On April 25, 2025, FitLife Brands, Inc. (the “ Company ”) appointed Shannon Pappas as an independent member of the Board of Directors of the Company (the “ Board ”), to serve until the next annual meeting of shareholders or until her successor is elected and qualified.
Todd Ordal, who tendered his resignation from his role as a member of the Board, effective April 25, 2025.
At the Annual Meeting, the Company’s stockholders elected Matt Lingenbrink to serve as a member of the Board of Directors of the Company until the Company’s next annual meeting of stockholders or until his successor is duly elected and qualified.
Max materiality 0.85 · Median 0.70 · Most common event earnings