2023-05-16 04:05:40 ET
- FitLife Brands press release ( OTCPK:FTLF ): Q1 GAAP EPS of $0.03.
- Revenue of $10.74M (+47.1% Y/Y).
- Excluding the impact of the purchase accounting valuation step-up for MRC inventory, gross margin for the first quarter of 2023 would have been 42.1%.
- Adjusted EBITDA was $2.2 million, an increase of 30.4% compared to the first quarter of 2022.
- The Company ended the quarter with $12.5 million outstanding on its term loan and cash of $8.9 million, or total net debt of $3.6 million.
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FitLife Brands GAAP EPS of $0.03, revenue of $10.74M