FITLIFE BRANDS, INC. (FTLF) FY2024 10-K Annual Report
FITLIFE BRANDS, INC. (FTLF) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
FITLIFE BRANDS, INC. FY2024 10-K Analysis
Business Overview
- • Core business: provider of proprietary nutritional supplements and wellness products marketed under multiple brands across sports, weight loss, and general nutrition
- • New segment additions: acquired MRC Brands in Feb 2023 and MusclePharm assets in Oct 2023, expanding e-commerce and wholesale distribution
Management Discussion & Analysis
- • Revenue $64.5M, up 22% YoY from $52.7M; growth driven by acquisitions of MRC & MusclePharm, Legacy FitLife down 10% to $25.4M
- • Gross margin improved to 43.6% vs 40.7% YoY; gross profit increased 31% to $28.1M from $21.4M
Risk Factors
- • Regulatory risk: FDA dietary supplement regulations with no pre-sale product approval, potential safety or efficacy issues affecting product acceptance and liability
- • Macroeconomic risk: 66% sales dependence on Amazon U.S. Marketplace, changes in Amazon fees or policies could materially impact revenue
FITLIFE BRANDS, INC. FY2024 Key Financial MetricsXBRL
Revenue
$64M
▲ +22.3% YoY
Net Income
$9M
▲ +69.6% YoY
Gross Margin
43.6%
▲ +289bp YoY
Operating Margin
20.3%
▲ +602bp YoY
Net Margin
13.9%
▲ +389bp YoY
ROE
24.9%
▲ +528bp YoY
Total Assets
$59M
▲ +5.8% YoY
EPS (Diluted)
$0.91
▼ -15.7% YoY
Operating Cash Flow
$10M
▲ +127.7% YoY
Source: XBRL data from FITLIFE BRANDS, INC. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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