Forward-Looking Statements<\/p>\n
Statements in this release that are forward-looking involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this news release. Such factors may include, but are not limited to, the ability of the Company to continue to grow revenue, and the Company’s ability to continue to achieve positive cash flow given the Company’s existing and anticipated operating and other costs. Many of these risks and uncertainties are beyond the Company’s control. Reference is made to the discussion of risk factors detailed in the Company’s filings with the Securities and Exchange Commission including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.<\/p>\n
FITLIFE BRANDS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)<\/p>\n
\u00a0\u00a0March 31,\u00a02026\u00a0\u00a0December 31, 2025\u00a0\u00a0\u00a0(Unaudited)\u00a0\u00a0\u00a0\u00a0\u00a0ASSETS:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CURRENT ASSETS\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash and cash equivalents\u00a0$1,192\u00a0\u00a0$1,646\u00a0Accounts receivable, net\u00a0\u00a07,778\u00a0\u00a0\u00a08,765\u00a0Inventories, net\u00a0\u00a021,528\u00a0\u00a0\u00a021,324\u00a0Prepaid expense and other current assets\u00a0\u00a01,142\u00a0\u00a0\u00a01,334\u00a0Total current assets\u00a0\u00a031,640\u00a0\u00a0\u00a033,069\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Property and equipment, net\u00a0\u00a0106\u00a0\u00a0\u00a0128\u00a0Right of use asset\u00a0\u00a0581\u00a0\u00a0\u00a0682\u00a0Intangibles, net\u00a0\u00a051,196\u00a0\u00a0\u00a051,440\u00a0Goodwill\u00a0\u00a019,363\u00a0\u00a0\u00a019,393\u00a0Deferred tax asset\u00a0\u00a01,222\u00a0\u00a0\u00a01,525\u00a0Derivative asset\u00a0\u00a072\u00a0\u00a0\u00a0–\u00a0Other assets\u00a0\u00a089\u00a0\u00a0\u00a083\u00a0TOTAL ASSETS\u00a0$104,269\u00a0\u00a0$106,320\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0LIABILITIES AND STOCKHOLDERS’ EQUITY:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CURRENT LIABILITIES:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accounts payable\u00a0$6,451\u00a0\u00a0$6,911\u00a0Accrued expense\u00a0\u00a05,602\u00a0\u00a0\u00a05,429\u00a0Income taxes payable\u00a0\u00a01,494\u00a0\u00a0\u00a01,704\u00a0Product returns\u00a0\u00a0830\u00a0\u00a0\u00a01,039\u00a0Term loan \u2013 current portion\u00a0\u00a06,094\u00a0\u00a0\u00a06,094\u00a0Lease liability \u2013 current portion\u00a0\u00a0341\u00a0\u00a0\u00a0433\u00a0Total current liabilities\u00a0\u00a020,812\u00a0\u00a0\u00a021,610\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Revolving line of credit\u00a0\u00a04,200\u00a0\u00a0\u00a05,600\u00a0Term loan, net of current portion and unamortized deferred finance costs\u00a0\u00a031,334\u00a0\u00a0\u00a032,849\u00a0Long-term lease liability, net of current portion\u00a0\u00a0258\u00a0\u00a0\u00a0272\u00a0Derivative liability\u00a0\u00a0–\u00a0\u00a0\u00a026\u00a0Deferred tax liability\u00a0\u00a02,284\u00a0\u00a0\u00a02,324\u00a0TOTAL LIABILITIES\u00a0\u00a058,888\u00a0\u00a0\u00a062,681\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0STOCKHOLDERS\u2019 EQUITY:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Preferred stock, $0.01 par value, 10,000 shares authorized, none outstanding as of March 31, 2026 and December 31, 2025\u00a0\u00a0–\u00a0\u00a0\u00a0–\u00a0Common stock, $0.01 par value, 120,000 shares authorized; 9,391 issued and outstanding as of March 31, 2026 and December 31, 2025\u00a0\u00a094\u00a0\u00a0\u00a094\u00a0Additional paid-in capital\u00a0\u00a032,230\u00a0\u00a0\u00a032,213\u00a0Retained earnings\u00a0\u00a013,613\u00a0\u00a0\u00a011,893\u00a0Accumulated other comprehensive loss\u00a0\u00a0(556)\u00a0\u00a0(561)TOTAL STOCKHOLDERS’ EQUITY\u00a0\u00a045,381\u00a0\u00a0\u00a043,639\u00a0TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY\u00a0$104,269\u00a0\u00a0$106,320\u00a0 <\/p>\n
FITLIFE BRANDS, INC.\u00a0
CONDENSED CONSOLIDATED STATEMENTS OF\u00a0INCOME
(in thousands, except per share data)
(Unaudited)<\/p>\n
\u00a0\u00a0Three months ended March 31,\u00a0\u00a0\u00a02026
\u00a02025\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Revenue\u00a0$25,325\u00a0$15,936\u00a0Cost of goods sold\u00a0\u00a015,808\u00a0\u00a09,062\u00a0Gross profit\u00a0\u00a09,517\u00a0\u00a06,874\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0OPERATING EXPENSE:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Advertising and marketing\u00a0\u00a01,245\u00a0\u00a01,053\u00a0Selling, general and administrative\u00a0\u00a04,963\u00a0\u00a02,512\u00a0Merger and acquisition related\u00a0\u00a0–\u00a0\u00a0332\u00a0Depreciation and amortization\u00a0\u00a0248\u00a0\u00a019\u00a0Total operating expense\u00a0\u00a06,456\u00a0\u00a03,916\u00a0OPERATING INCOME\u00a0\u00a03,061\u00a0\u00a02,958\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0OTHER EXPENSE\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Interest expense, net\u00a0\u00a0735\u00a0\u00a0218\u00a0Foreign exchange (gain) loss\u00a0\u00a0(21)\u00a021\u00a0Total other expense, net\u00a0\u00a0714\u00a0\u00a0239\u00a0INCOME BEFORE INCOME TAX PROVISION\u00a0\u00a02,347\u00a0\u00a02,719\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0PROVISION FOR INCOME TAXES\u00a0\u00a0627\u00a0\u00a0701\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NET INCOME\u00a0$1,720\u00a0$2,018\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NET INCOME PER SHARE\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Basic\u00a0$0.18\u00a0$0.22\u00a0Diluted\u00a0$0.17\u00a0$0.20\u00a0Basic weighted average common shares\u00a0\u00a09,391\u00a0\u00a09,213\u00a0Diluted weighted average common shares\u00a0\u00a09,991\u00a0\u00a09,926\u00a0 <\/p>\n
FITLIFE BRANDS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)<\/p>\n
\u00a0\u00a0Three months ended March 31,\u00a0\u00a0\u00a02026\u00a0\u00a02025\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CASH FLOWS FROM OPERATING ACTIVITIES:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Net income\u00a0$1,720\u00a0\u00a0$2,018\u00a0Adjustments to reconcile net income to net cash provided by operating activities:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Depreciation and amortization\u00a0\u00a0248\u00a0\u00a0\u00a019\u00a0Allowance for credit losses\u00a0\u00a058\u00a0\u00a0\u00a0(3)Allowance for inventory obsolescence\u00a0\u00a0(105)\u00a0\u00a0(24)Stock-based compensation\u00a0\u00a017\u00a0\u00a0\u00a0107\u00a0Amortization of deferred financing costs\u00a0\u00a09\u00a0\u00a0\u00a011\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Changes in operating assets and liabilities:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accounts receivable\u00a0\u00a0921\u00a0\u00a0\u00a0(1,062)Inventories\u00a0\u00a016\u00a0\u00a0\u00a0(1,013)Deferred taxes\u00a0\u00a0303\u00a0\u00a0\u00a0(47)Prepaid expense and other assets\u00a0\u00a094\u00a0\u00a0\u00a0362\u00a0Right of use asset\u00a0\u00a0101\u00a0\u00a0\u00a027\u00a0Accounts payable\u00a0\u00a0(452)\u00a0\u00a01,168\u00a0Income taxes payable\u00a0\u00a0(185)\u00a0\u00a0318\u00a0Lease liability\u00a0\u00a0(105)\u00a0\u00a0(20)Accrued expense and other liabilities\u00a0\u00a053\u00a0\u00a0\u00a0449\u00a0Product returns\u00a0\u00a0(209)\u00a0\u00a018\u00a0Net cash provided by operating activities\u00a0\u00a02,484\u00a0\u00a0\u00a02,328\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CASH FLOWS FROM INVESTING ACTIVITIES:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Purchase of property and equipment\u00a0\u00a0–\u00a0\u00a0\u00a0(24)Net cash used in investing activities\u00a0\u00a0–\u00a0\u00a0\u00a0(24)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CASH FLOWS FROM FINANCING ACTIVITIES:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Proceeds from exercise of stock options\u00a0\u00a0–\u00a0\u00a0\u00a0259\u00a0Payments on 2025 term loan\u00a0\u00a0(1,524)\u00a0\u00a0–\u00a0Payments on 2023 term loan\u00a0\u00a0–\u00a0\u00a0\u00a0(1,125)Payments on line of credit\u00a0\u00a0(1,400)\u00a0\u00a0–\u00a0Net cash used in financing activities\u00a0\u00a0(2,924)\u00a0\u00a0(866)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Foreign currency impact on cash\u00a0\u00a0(14)\u00a0\u00a036\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CHANGE IN CASH AND CASH EQUIVALENTS\u00a0\u00a0(454)\u00a0\u00a01,474\u00a0CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD\u00a0\u00a01,646\u00a0\u00a0\u00a04,520\u00a0CASH AND CASH EQUIVALENTS, END OF PERIOD\u00a0$1,192\u00a0\u00a0$5,994\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Supplemental cash flow disclosure\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash paid for income taxes\u00a0$430\u00a0\u00a0$408\u00a0Cash paid for interest\u00a0$742\u00a0\u00a0$238\u00a0 <\/p>\n
Non-GAAP Financial Measures<\/p>\n
The financial information included in this release and the presentation below contain certain financial measures defined as \u201cnon-GAAP financial measures\u201d by the SEC, including non-GAAP EBITDA and non-GAAP adjusted EBITDA. These measures may be different from non-GAAP financial measures used by other companies. The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.\u00a0
\u00a0\u00a0
As presented below, non-GAAP EBITDA excludes interest, foreign exchange gains and losses, income taxes, and depreciation and amortization. Adjusted non-GAAP EBITDA\u00a0excludes, in addition to interest, foreign exchange gains and losses, income taxes, depreciation and amortization, stock-based compensation and merger and acquisition related expense and non-recurring gains or losses. The Company believes the non-GAAP measures provide useful information to both management and investors by excluding certain expense and other items that may not be indicative of its core operating results and business outlook. The Company believes that the inclusion of non-GAAP measures in the financial presentation below allows investors to compare the Company\u2019s financial results with the Company\u2019s historical financial results and is an important measure of the Company\u2019s comparative financial performance.\u00a0<\/p>\n
The Company\u2019s calculation of Adjusted EBITDA for the three months ended\u00a0March 31, 2026\u00a0and 2025 is as follows:<\/p>\n
\u00a0\u00a0Three months ended March 31,\u00a0\u00a0\u00a02026\u00a02025\u00a0\u00a0\u00a0(Unaudited)\u00a0(Unaudited)\u00a0Net income\u00a0$1,720\u00a0$2,018\u00a0Interest expense, net\u00a0\u00a0735\u00a0\u00a0218\u00a0Foreign exchange (gain) loss\u00a0\u00a0(21)\u00a021\u00a0Provision for income taxes\u00a0\u00a0627\u00a0\u00a0701\u00a0Depreciation and amortization\u00a0\u00a0248\u00a0\u00a019\u00a0EBITDA\u00a0\u00a03,309\u00a0\u00a02,977\u00a0Non-cash and non-recurring adjustments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Stock-based compensation\u00a0\u00a017\u00a0\u00a0107\u00a0Merger and acquisition related\u00a0\u00a0–\u00a0\u00a0332\u00a0Adjusted EBITDA\u00a0$3,326\u00a0$3,416\u00a0 ![\"\"](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/FitLife-Brands-Inc-.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"OMAHA, NE, May 14, 2026 (GLOBE NEWSWIRE) — FitLife Brands, Inc. (\u201cFitLife\u201d or the \u201cCompany\u201d) (NASDAQ: FTLF), a…\n","protected":false},"author":2,"featured_media":284733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[64,63,164518,137,795,164517,532],"class_list":["post-671569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nutrition","tag-au","tag-australia","tag-fitlife-brands","tag-health","tag-inc","tag-nasdaqftlf","tag-nutrition"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/671569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=671569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/671569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/284733"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=671569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=671569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=671569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}