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Stock impact report

FitLife Brands Announces Third Quarter 2024 Results [Yahoo! Finance]

FitLife Brands, Inc. (FTLF) 
NASDAQ:AMEX Investor Relations: ir.fitlifebrands.com
Company Research Source: Yahoo! Finance
nutritional supplements and wellness products, today announced financial results for the third quarter ended September 30, 2024. Highlights for the third quarter ended September 30, 2024 include: Total revenue was $16.0 million, an increase of 15% compared to the third quarter of 2023. Online sales were $10.8 million, representing 68% of total revenue and an increase of 14% compared to the third quarter of 2023. Gross margin was 43.8% compared to 41.0% during the third quarter of 2023. Net income was $2.1 million compared to $1.7 million during the third quarter of 2023. Basic earnings per share and diluted earnings per share were $0.46 and $0.43, respectively, compared to $0.38 and $0.35 during the third quarter of 2023. Adjusted EBITDA was $3.6 million, a 41% increase compared to the third quarter of 2023. The Company ended the quarter with $14.3 million outstanding on its term loans and cash of $4.7 million, or total net debt of $9.5 million. For the third quarter Show less Read more
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