FitLife Brands, Inc.'s Earnings Call Transcript for the Second Quarter of 2025
FitLife Brands, Inc. held a Q2 2025 Earnings Conference Call on August 14, 2025, where CEO Dayton Robert Judd and CFO Jacob York presented the company's financial results.
The company reported a 5% decline in total revenue for the second quarter of 2025, reaching $16.1 million. Online sales, accounting for 65% of total revenue, saw a 7% decrease, amounting to $10.4 million. Gross margin contracted to 42.8%, down from 44.8% in Q2 2024. Contribution (gross profit less advertising and marketing expense) declined 9% to $5.7 million for the second quarter of 2025.
The decline in net income was due to elevated merger and acquisition-related expenses associated with the acquisition of Irwin Naturals and its affiliates, which transaction closed on August 8, 2025. The acquisition cost approximately $42.5 million, funded largely by a new term loan and revolving credit facility.
The acquisition of Irwin Naturals marks a significant expansion in scale for FitLife Brands. However, the acquisition-related costs contributed significantly to the net income decline for Q2 2025. Net income for the second quarter of 2025 was $1.7 million, a decline from $2.6 million during the second quarter of 2024.
Other financial details from the conference call include:
- Six-month revenue through June 2025 was $32.1 million, down 4% year-over-year.
- The company reported positive working capital of $9.2 million and cash plus restricted cash of approximately $1.6 million as of June 30, 2025.
- Net debt stood at about $4.3 million.
- Legacy FitLife brands grew revenues by 7%, but other segments such as MRC and MusclePharm faced declines of 16% and 4% respectively.
- A 2-for-1 stock split and authorization of a $5 million share repurchase program were announced post-quarter.
In summary, Q2 2025 was a transitional quarter for FitLife Brands marked by a modest revenue decline and profitability pressure largely driven by merger and acquisition expenses tied to the recent purchase of Irwin Naturals, which significantly expands the company's product portfolio and market presence going forward.
Read also:
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Manipulating Sympathy: Exploiting Victimhood for Personal Gain
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
- Exploring Money-Making Opportunities in Digital Gaming Worlds
