FitLife Brands Q4 2024: Navigating Supply Chain Challenges and Future Revenue Hurdles
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FitLife Brands reported a total revenue of $64.5 million for 2024, marking a 22% year-over-year increase, driven by a 29% rise in online sales. However, Legacy FitLife's revenue declined by 13% in Q4 2024 due to a commercial dispute with GNC. MusclePharm saw a 14% sequential revenue increase, attributed to promotional investments. Meanwhile, MRC's revenue slightly decreased by 0.4%, impacted by challenges in skin care brands, although its contribution to overall revenue rose from 28.2% to 37.1%.
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