FitLife Brands (NASDAQ:FTLF) Announces Quarterly Earnings Results

FitLife Brands (NASDAQ:FTLF) posted its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02, FiscalAI reports. FitLife Brands had a return on equity of 18.49% and a net margin of 6.15%.The business had revenue of $26.55 million during the quarter.

Here are the key takeaways from FitLife Brands’ conference call:

• Revenue rose 65% year over year to $26.5 million, driven primarily by the Irwin acquisition, while net income increased to $2.0 million and adjusted EBITDA rose 10% to $3.7 million. Revenue also increased 4.8% sequentially, indicating some near-term stabilization.
• Irwin’s Amazon business exceeded management’s expectations, reaching nearly $1 million in monthly revenue in June and maintaining comparable sales in July without Prime Day support. The company also reported progress on supply-chain improvements, including reduced out-of-stocks and expanded three-year product dating, which it expects to support future margins.
• Legacy FitLife revenue declined 23% year over year to $12.4 million, with wholesale sales down 31% and online sales down 19%. Management attributed the weakness primarily to declining GNC sales and continued softness at MRC, while overall company gross margin fell to 37.0% from 42.8% because Irwin operates at lower margins.
• The company paid down approximately $3.7 million of debt during the quarter, reducing its term loan to $36.1 million and revolving credit balance to $2.0 million. Management plans to continue using excess free cash flow for debt reduction, with the $8.6 million paid down since the Irwin acquisition expected to save roughly $0.6 million annually in interest expense.
• FitLife is increasing off-Amazon marketing, developing new Irwin products, pursuing wholesale cross-selling, and reducing SG&A, but management acknowledged that these initiatives will take time. It aims to launch at least four products per quarter beginning in 2027, while specialty retail conditions and consumer weakness remain significant uncertainties.

FitLife Brands Price Performance

Shares of NASDAQ:FTLF traded down $0.39 during midday trading on Friday, reaching $10.80. 9,054 shares of the company’s stock were exchanged, compared to its average volume of 12,954. The firm has a market capitalization of $101.42 million, a PE ratio of 17.31 and a beta of 0.01. The company’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $11.73. FitLife Brands has a 12 month low of $8.67 and a 12 month high of $20.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 1.52.

Analyst Ratings Changes

FTLF has been the subject of a number of research reports. Zacks Research raised shares of FitLife Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.00.

Institutional Trading of FitLife Brands

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after acquiring an additional 45,690 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of FitLife Brands in the 2nd quarter valued at about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of FitLife Brands during the 2nd quarter worth approximately $28,000. Bank of America Corp DE grew its position in shares of FitLife Brands by 6,524.2% during the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock worth $28,000 after buying an additional 2,153 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of FitLife Brands by 119.2% during the second quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock worth $57,000 after buying an additional 2,400 shares during the last quarter. 2.32% of the stock is owned by institutional investors.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.