Fitlife Brands ( (FTLF) ) has released its Q4 earnings. Here is a breakdown of the information Fitlife Brands presented to its investors.
FitLife Brands, Inc., headquartered in Omaha, Nebraska, is a company specializing in the development and marketing of innovative nutritional supplements and wellness products, primarily distributed online and through GNC franchise locations.
FitLife Brands reported a strong financial performance for the fourth quarter and full year of 2024, with significant increases in revenue and net income. The company achieved a total revenue of $15.0 million for the fourth quarter, marking a 13% increase from the previous year, and $64.5 million for the full year, a 22% rise from 2023.
Key financial highlights include a 12% increase in online sales for the fourth quarter, contributing to 67% of total revenue, and a notable 70% increase in net income for the year, reaching $9.0 million. The company’s adjusted EBITDA also saw a substantial rise of 39% year-over-year, amounting to $14.1 million. Additionally, FitLife’s strategic acquisitions of Mimi’s Rock Corp and MusclePharm assets have contributed positively to its wholesale revenue.
Looking forward, FitLife Brands remains optimistic about its growth prospects despite potential challenges such as tariff impacts and market uncertainties. The company is focused on leveraging its strong balance sheet and cash flow to pursue further M&A opportunities and continue its growth trajectory in 2025.