Fitlife Brands, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 08:03 am EDT
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FitLife Brands, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 2.740 million compared to USD 4.618 million a year ago. Operating loss was USD 127,000 compared to operating Income of USD 429,000 a year ago. Net loss was USD 92,000 compared to net income of USD 547,000 a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to diluted earnings per share from continuing operations of USD 0.43 a year ago. For the half year, sales was USD 8.891 million compared to USD 10.496 million a year ago. Operating income was USD 1.193 million compared to USD 1.631 million a year ago. Net income was USD 1.336 million compared to USD 1.734 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.59 a year ago. Diluted earnings per share from continuing operations was USD 1.19 compared to USD 1.36 a year ago.
FitLife Brands, Inc. is a developer and marketer proprietary nutritional supplements and wellness products for health-conscious consumers. It markets approximately 300 different products primarily online, through domestic and international GNC franchise locations as well as through more than 17,000 additional domestic retail locations. It offers NDS Nutrition, PMD Sports, SirenLabs, Core Active, Nutrology, and Metis Nutrition (together, NDS Products); iSatori, BioGenetic Laboratories, and Energize (together, the iSatori Products); Dr. Tobias, All Natural Advice, and Maritime Naturals (together, the MRC Products) and MusclePharm. Its NDS brand includes premium weight loss, sports nutrition, and general health products. Its PMD brand includes premium sports nutrition products. Its Nutrology brand included sports nutrition and general wellness products with an emphasis on natural, vegan, and organic ingredients. Its SirenLabs brand includes weight loss and sports nutrition products.