Welcome to our dedicated page for Fitlife Brands news (Ticker: FTLF), a resource for investors and traders seeking the latest updates and insights on Fitlife Brands stock.
FitLife Brands Inc (FTLF) delivers innovative nutritional solutions through sports supplements, weight management products, and wellness formulations. This news hub provides investors and industry professionals with essential updates about the company's strategic developments.
Access official press releases covering earnings announcements, regulatory filings, product innovations, and partnership agreements. Our curated collection serves as a reliable resource for tracking FTLF's market position in the competitive supplements sector.
Discover updates across key operational areas including research breakthroughs, retail distribution expansions, and consumer health initiatives. All content maintains factual accuracy without speculative commentary, aligned with financial disclosure standards.
Bookmark this page for streamlined access to FitLife's latest corporate communications. Check back regularly for developments impacting the nutritional supplements industry and FTLF's role as an innovator in functional product development.
FitLife Brands (NASDAQ: FTLF) reported strong Q2 2024 results with total revenue up 15% to $16.9 million. Online sales grew 13% to $11.2 million, representing 66% of total revenue. Gross margin improved to 44.8% from 40.4% in Q2 2023. Net income increased to $2.6 million, with basic EPS of $0.57 and diluted EPS of $0.53. Adjusted EBITDA rose 29% to $3.8 million.
The company's recent acquisitions of Mimi's Rock Corp and MusclePharm assets contributed $1.5 million in wholesale revenue. Legacy FitLife brands faced challenges in wholesale but saw growth online. The Mimi's Rock brands showed significant improvement in profitability despite lower revenue. MusclePharm revenue grew 27% sequentially from Q1 2024.
FitLife ended the quarter with $11.7 million in net debt, representing about 0.9x adjusted EBITDA. The company is building cash while evaluating M&A opportunities.
FitLife Brands (Nasdaq: FTLF), a provider of innovative nutritional supplements and wellness products, has announced its plans to report financial performance for the second quarter of fiscal 2024 on Wednesday, August 14, 2024. The company will also host an investor conference call after market close on the same day at 4:30 pm ET.
Investors interested in participating in the live call can dial (833) 492-0064 from the U.S. and provide the conference identification code of 266347. International participants can dial (973) 528-0163 using the same code. This announcement provides shareholders and potential investors with an opportunity to gain insights into FitLife Brands' recent financial performance and future outlook.
FitLife Brands (NASDAQ: FTLF), a leading provider of nutritional supplements, announced that Lew Jaffe, a longtime director, will retire and not stand for re-election at the 2024 annual meeting. Jaffe has served since 2010, contributing significantly to the company's strategy and operations. FitLife plans to nominate a new director in its proxy statement, expected to be filed with the SEC on July 5, 2024. Chairman and CEO Dayton Judd praised Jaffe's impact and expressed gratitude for his service. Jaffe affirmed his decision was based on the need for fresh perspectives and not due to any disagreements with the company. The Board plans to continue evaluating its composition and foresees more changes in the coming years.
FitLife Brands (NASDAQ: FTLF) reported a strong Q1 2024 with a 54% YoY increase in total revenue to $16.5 million. Online sales surged by 116% to $10.8 million, composing 65% of total revenue. Gross margin improved to 44.0%, up from 41.1% last year. Net income rose sharply to $2.2 million from $0.2 million. Basic and diluted EPS were $0.47 and $0.43, respectively. Adjusted EBITDA also grew by 62% to $3.6 million. The company ended the quarter with $16.5 million in outstanding term loans and $3.3 million in cash, equating to a net debt of $13.2 million. Despite facing challenges in wholesale revenue and lower-than-expected online growth for legacy FitLife, the company remains optimistic about its future product launches and growth opportunities.
FitLife Brands, Inc. announced its participation at the Sidoti Virtual Investor Conference and provided an operational update, including financial data for the first quarter of 2024. The Company anticipates a significant increase in net revenue and adjusted EBITDA compared to the same period in 2023. FitLife also disclosed its outstanding debt and cash position as of March 31, 2024. Additionally, the Company will hold an investor conference call on May 14, 2024.
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