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Stock impact report

FitLife Brands (FTLF) Q2 Earnings Up Y/Y, Margins Expand [Yahoo! Finance]

FitLife Brands, Inc. (FTLF) 
NASDAQ:AMEX Investor Relations: ir.fitlifebrands.com
Company Research Source: Yahoo! Finance
Revenues in Detail FitLife Brands registered revenues of $16.9 million in the second quarter, up 14.7% year over year. The revenue uptick primarily resulted from the acquisition of the MusclePharm assets, which were acquired in October 2023. However, this was partially offset by a decline in legacy FitLife revenues. Online revenues were 66% of net revenues in the second quarter, while it was 34% for the wholesale channel in the same period. Wholesale revenues for the reported quarter were $5.7 million (up 17.5% year over year), while Online revenues were $11.2 million (up 13.3% year over year). Sales to customers in the United States were 96% as of Jun 30, 2024, with the balance of sales to customers primarily in Canada. Revenue Sources FitLife Brands derives revenues from three sources — Legacy FitLife, Mimi's Rock (MRC) and MusclePharm. For the quarter under review, revenues from Legacy FitLife were $6.8 million, down 4.6% from the year-ago quarter. This primarily res Show less Read more
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