FitLife Brands sees FY24 revenue $64M-$65M

The Company plans to report its financial performance for the fourth quarter and full year of 2024 with the Securities and Exchange Commission on Form 10-K on March 27, 2025. However, in order to facilitate upcoming investor discussions, the Company is providing the following financial and operational update regarding the Company’s recent performance: Net revenue for the full year 2024 is anticipated to be between $64-65 million, an increase of 21-23% compared to 2023. Adjusted EBITDA for the full year 2024 is anticipated to be between $14.0-14.2 million, an increase of 38-40% compared to 2023. Net income for the full year 2024 is anticipated to be between $8.9-9.1 million, an increase of 68-72% compared to 2023. As of December 31st, 2024, the Company had $13.1 million outstanding on its term loan and no balance outstanding on its revolver. As of December 31st, 2024, the Company had $4.5 million of cash. Shares outstanding as of March 12, 2025 were 9,218,528.