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FitLife Brands, Inc. (the Company ) is a provider of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers marketed under the following brand names: (i) NDS Nutrition, PMD Sports, SirenLabs, Core Active, Nutrology, and Metis Nutrition (together, the NDS Products ); (ii) iSatori, BioGenetic Laboratories, and Energize (together, the " iSatori Prod…
12.35% operating margin is respectable but not wide. ROIC at 18.25%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 26.4%, still solid. Margins contracted 8.0pp, which offsets some of the top-line progress.
Free cash flow declined 23% versus the prior year, cash generation momentum has weakened. ROIC dropped from 23.32% to 18.25%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$91M
▲ +26.4% YoY
Net Income (TTM)
$6M
▼ -29.6% YoY
Op. Margin
11.19%
▼ -8.0pp YoY
ROIC
14.68%
▼ -5.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$8M
▼ -22.9% YoY
Op. Cash Flow (TTM)
$8M
▼ -22.6% YoY
Net Debt
-$593K
Net Cash Position
Cash & Equiv.
$1M
5Y CAGR: +30.2%
5Y CAGR: +5.3%
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