BB's Stock Haven

[Avoid]

$FTLF +28% ; low float ; News

- Outstanding Shares 1,015,120

- FitLife Brands Announces Third Quarter 2019 Results

https://www.otcmarkets.com/stock/FTLF/news/story?e&id=1474780

Gross profit improved 28.6% to $2.3 million.
Gross margin increased to 42.4% compared to 38.2% in the same quarter last year.
Net income increased 144.1% to $0.9 million.
Net income per share available to common shareholders increased to $0.87 per share, or $0.72 per diluted share, compared to $0.33 per share, or $0.31 per diluted share, in the same quarter last year.
The Company ended the quarter with $0.6 million of cash and no borrowings under the credit facility.
The Company repurchased 82,216 shares during the quarter, or 8.1% of the shares outstanding as of the beginning of the quarter.
Year to date, including the effect of the reverse/forward split implemented in April, the Company has repurchased 181,454 shares, or 16.3% of the shares outstanding as of the beginning of 2019.
Subsequent to the end of the quarter, the board of directors increased the share repurchase authorization to $2.5 million.