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 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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