FitLife Brands Announces First Quarter Earnings Call and its Participation at Sidoti Virtual Investor Conference and Provides Operational Update

OMAHA, NE, May 08, 2024 (GLOBE NEWSWIRE) -- FitLife Brands, Inc. (“FitLife,” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced that it will participate in the Sidoti Virtual Investor Conference on Wednesday and Thursday, May 8-9, 2024. 

The Company’s presentation will begin at 1:45pm EDT on May 9, 2024, and can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_VDHnrzFZSqGQgICgizO8ew.  FitLife will also host virtual one-on-one meetings with investors on Wednesday and Thursday, May 8-9, 2024.  To register for the presentation or for a one-on-one meeting, please visit www.sidoti.com/events.  Registration is free and participants do not need to be a Sidoti client.

In conjunction with its participation in the conference, the Company has prepared an updated investor presentation which will be filed with the Securities and Exchange Commission on Form 8-K in advance of the conference. 

The Company plans to report its financial performance for the first quarter of fiscal 2024 with the Securities and Exchange Commission on Form 10-Q on May 14, 2024.  However, in order to facilitate investor discussions at the upcoming conference, the Company is providing the following financial and operational update regarding the Company’s performance for the first quarter of 2024:

• Net revenue for the first quarter 2024 is anticipated to be between $16-17 million, an increase of 49-58% compared to the first quarter 2023.
• Adjusted EBITDA for the first quarter 2024 is anticipated to be between $3.5-3.7 million, an increase of 56-65% compared to the first quarter 2023.
• As of March 31, 2024, the Company had $16.5 million outstanding on its term loan and no balance outstanding on its revolver.
• As of March 31, 2024, the Company had approximately $3.3 million of cash.

In addition, the Company announced that it will hold an investor conference call on Tuesday, May 14, 2024 at 4:30 pm ET.  Investors interested in participating in the live call can dial [phone] from the U.S. and provide the conference identification code of 629005.  International participants can dial [phone] and provide the same code.