FitLife Brands ( (FTLF) ) has shared an announcement.
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FitLife Brands, a leader in nutritional supplements, reported a strong third quarter in 2024, with a 15% increase in revenue to $16 million. Online sales soared to $10.8 million, making up 68% of total revenue, and gross margins improved to 43.8%. The company also saw a notable rise in net income to $2.1 million and a 41% boost in adjusted EBITDA to $3.6 million, reflecting successful strategic acquisitions and a shift towards online sales. Investors may find these results promising as FitLife continues to enhance its market presence and profitability.
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