Legacy FitLife Revenue Growth
Legacy FitLife revenue for Q1 2025 was $7.3 million, with a 2% increase in wholesale revenue and an 11% increase in online revenue, resulting in a 5% increase in total revenue. Gross margin increased to 44.6% from 42.1% in Q1 2024.
Positive Online Sales Performance
Online sales accounted for $10.6 million or 67% of total revenue, demonstrating strong online presence.
Strong Balance Sheet
The company ended the quarter with $12 million outstanding on term loans, no balance on the $3.5 million revolving line of credit, and $6 million in cash, resulting in net debt of $6 million, equivalent to approximately 0.4x adjusted EBITDA.
Potential Russell 2000 Index Inclusion
FitLife Brands is likely to be added to the Russell 2000 Index, with a market capitalization of around $140 million, exceeding the estimated market cap threshold for inclusion.