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 reported a 3.2% increase in total revenue for 2022, reaching $28.8 million, despite a significant decline in fourth-quarter wholesale revenue by 39.1%.Online sales surged 23.2%, contributing 28% of total revenue. Gross profit fell 3.8% to $12.0 million, while net income declined 18.1% to $4.4 million, primarily due to non-recurring items. The company ended the year with no debt and $13.3 million in cash and has initiated a share repurchase program. Following its acquisition of Mimi's Rock, FitLife anticipates operational cost reductions and revenue growth in 2023, with projected revenue between $10.4 million and $11.0 million for Q1.
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