Financial Data and Key Metrics Changes - Total revenue for Q2 2024 increased by 15% year-over-year, with wholesale revenue up 18% and online revenue up 13% [4] - Gross profit increased by 27%, and gross margin expanded from 41.9% to 44.8% [4] - Contribution increased by 39%, driven by the addition of MusclePharm and gross margin expansion [4] - Net income rose by 34%, with basic earnings per share increasing by 30% and fully diluted earnings per share increasing by 33% [4] - Adjusted EBITDA for Q2 2024 increased by 29% to $3.8 million, bringing LTM adjusted EBITDA to $12.4 million [5][14] Business Line Data and Key Metrics Changes - Legacy FitLife revenue for Q2 2024 was $6.8 million, with 62% from wholesale and 38% from online sales, representing a 10% decline in wholesale revenue and a 7% increase in online revenue [5][6] - MRC revenue for Q2 2024 was $7.5 million, with a 2% year-over-year decline; Dr. Tobias brand revenue increased by 4%, while skin care brands revenue decreased by 37% [7][8] - MusclePharm revenue was approximately $2.7 million for Q2 2024, with a sequential increase of 27% from Q1 2024 [10][11] Market Data and Key Metrics Changes - Approximately two-thirds of total revenue now comes from online sales, a significant increase from less than 1% in 2018 [12] - Amazon subscribers for MRC products grew by 5% year-over-year, with Dr. Tobias subscribers increasing by approximately 8% [9][10] Company Strategy and Development Direction - The company aims to consolidate within the supplement industry, focusing on acquiring brands at attractive multiples [18] - The management plans to continue investing in growth through promotional offers and increased advertising [16][17] - The company expects to deliver double-digit year-over-year revenue growth for the remainder of 2024 [13] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing dialogue with potential wholesale partners for MusclePharm, indicating positive trends in customer engagement [20][21] - The company is focused on reducing net debt, which decreased by 36% during the first half of 2024 [14] Other Important Information - The company has a strong balance sheet with $15.4 million of term loan outstanding and no balance on its revolver [14] - The company surpassed over 100,000 subscribers on Amazon, indicating a significant milestone in customer acquisition [13] Q&A Session Summary Question: What are the goals management has for the company in five to ten years? - Management believes the biggest opportunity lies in consolidating within the supplement industry and is actively looking at potential acquisitions [18] Question: Will share buybacks be reinitiated? - Currently, the best use of capital is seen as acquiring other brands, with share buybacks considered only if there is a significant pullback in stock [16][17] Question: Is a dividend being considered? - Similar to share buybacks, dividends are not currently prioritized, with a focus on M&A instead [16][17] Question: What revenue can be expected from MusclePharm when it levels out? - Management is reluctant to provide specific revenue estimates but expects to double the run rate in the next 12 months [16]

FitLife Brands, Inc. (FTLF) reported earnings per share of 53 cents in the second quarter of 2024, which increased 32.5% from the year-ago figure of 40 cents. 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 rev ...

Exhibit 99.1 FitLife Brands Announces Second Quarter 2024 Results OMAHA, NE – August 14, 2024 – FitLife Brands, Inc. ("FitLife" or the "Company") (NASDAQ: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced financial results for the second quarter ended June 30, 2024. Highlights for the second quarter ended June 30, 2024 include: ● Total revenue was $16.9 million, an increase of 15% compared to the second quarter of 2023. ● Online sales were $11.2 m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT For the transition period from N/A to N/A Commission File No. 000-52369 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------- ...

Omaha, Aug. 14, 2024 (GLOBE NEWSWIRE) -- FitLife Brands, Inc. ("FitLife" or the "Company") (NASDAQ: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced financial results for the second quarter ended June 30, 2024. Highlights for the second quarter ended June 30, 2024 include: Total revenue was $16.9 million, an increase of 15% compared to the second quarter of 2023. Online sales were $11.2 million, representing 66% of total revenue and an increase o ...

Small-cap stocks have gotten a bad rap lately, and I get it. Most of them have severely underperformed the broader market rally we've seen. Sky-high interest rates have crushed the growth prospects for many of these fledgling companies. And let's be real. A lot of small-caps are unprofitable anyway, so why even bother investing in them? Well, I respectfully disagree with that sentiment. Painting all small-cap stocks with the same broad brush is a mistake, in my view. Many of today's most successful large-ca ...

Recent acquisitions The company completed two transformational acquisitions during 2023. Most importantly for shareholders, the acquisitions were done using non-dilutive financing, which included debt as well as cash generated by FitLife's legacy business. Mimi's Rock The acquisition of Mimi's Rock was completed in February 2023 for a total amount of $20 million. This added 3 brands which consisted of Mimi's Rock's primary brand Dr. Tobias, which sells fish oil and colon cleanse products, as well as two sma ...

FitLife Brands, Inc. (NASDAQ:FTLF) Q1 2024 Results Conference Call May 14, 2024 4:30 PM ET Company Participants Dayton Judd - Chief Executive Officer Conference Call Participants Igor Novgorodtsev - Lares Capital George Marema - Pareto Ventures Operator Good day, and welcome to the FitLife Brands’ First Quarter 2024 Financial Results Conference Call. At this time, all participants have been placed on listen-only mode. The floor will be open for questions and comments following the presentation. It is now my ...

For the transition period from N/A to N/A Commission File No. 000-52369 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT FITLIFE BRANDS, INC. (Exact name of registrant as specified in its charter) Nevada 20-3464383 (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 000-52369 FitLife Brands, Inc. (Exact name of registrant as specified in its charter.) Nevada 20-3464383 (IRS Employer Identification No.) (State or other jurisdiction of incorporation or organization) 5214 S. 136th Street, Omaha, Nebraska 68137 (Address of principal executive offices) 402-884-1894 (Registrant's Telephone ...