Medifast Announces Third Quarter 2024 Financial Results
MEDIFAST INC (MED)
Last medifast inc earnings: 2/26 04:05 pm
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ir.medifastnow.com
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Source: Business Wire
BALTIMORE--(BUSINESS WIRE)--Medifast (NYSE: MED), the health and wellness company known for its habit-based and coach-guided lifestyle solution, OPTAVIA®, today reported results for the third quarter ended September 30, 2024.Third Quarter 2024Revenue of $140.2 million, with revenue per active earning coach of $4,672Independent active earning OPTAVIA coaches of 30,000Net income of $1.1 million (non-GAAP adjusted net income of $3.9 million)Income per diluted share of $0.10 (non-GAAP adjusted earnings per share ("EPS") of $0.35)Cash, Cash Equivalents, and Investment Securities of $170.0 million with no debt“Medical innovation has transformed the weight loss industry, so at Medifast we’re creating a health and wellness business of the future by meeting the unique needs of customers regardless of their approach to their health goals,” said Dan Chard, Chairman & CEO.“We offer comprehensive support for medication users including access to clinicians through LifeMD, as well as programs an
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News
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- Medifast, Inc. (NYSE: MED) was upgraded by analysts at DA Davidson from an "underperform" rating to a "neutral" rating. They now have a $17.00 price target on the stock, up previously from $16.50.MarketBeat
- MED Q3 Earnings Beat, Revenues Fall on Customer Acquisition Challenges [Yahoo! Finance]Yahoo! Finance
MED
Earnings
- 11/4/24 - Beat
MED
Sec Filings
- 11/13/24 - Form SCHEDULE
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- MED's page on the SEC website