FitLife Brands(US:FTLF) Globenewswireยท2025-11-13 12:30Core Insights - FitLife Brands, Inc. reported a total revenue of $23.5 million for Q3 2025, marking a 47% increase from $16.0 million in Q3 2024, with significant contributions from the acquisition of Irwin Naturals [3][10] - The company experienced a gross margin of 37.2% in Q3 2025, down from 43.8% in the same quarter last year, primarily due to the Irwin acquisition and increased costs [6][21] - Net income for Q3 2025 was $0.9 million, a decrease from $2.1 million in Q3 2024, attributed to transaction expenses related to the Irwin acquisition and lower gross margins [7][21] Financial Performance - Total revenue for Q3 2025 was $23.5 million, a 47% increase year-over-year [3][21] - Wholesale revenue reached $13.2 million, up 156% compared to Q3 2024, with Irwin contributing $6.5 million to this figure [4][21] - Online revenue was $10.3 million, a decrease of 5% from the previous year, with a notable decline in MRC's online sales [5][21] Brand Performance - Legacy FitLife's revenue declined by 5% year-over-year, driven by an 8% decrease in online revenue, while wholesale revenue increased by 4% [13][14] - MusclePharm's revenue increased by 55% year-over-year, with wholesale revenue up 112%, although online revenue saw a slight decline of 3% [16][22] - Irwin generated $6.8 million in revenue during the quarter, with a gross margin of 32.2% [19][24] Management Commentary - The CEO expressed optimism about the performance of MusclePharm and Legacy FitLife, highlighting organic revenue growth of 15% and 7% year-to-date, respectively [22][23] - The company is focused on addressing challenges related to the MRC business and is optimistic about the potential of the Irwin brands [24][28] - Management is implementing cost-cutting measures and working on supply chain efficiencies to improve performance [26][28]