Fitlife Brands, Inc. · NASDAQ:FTLF
Fitlife Brands — Q1 2015 Earnings Presentation
8 slides from Fitlife Brands's earnings presentation, May 14, 2015
Slide 1: First Quarter 2015 Financial Results
FTLF FITLIFE@ First Quarter 2015 Financial Results
Slide 2: Safe Harbor Statement
FTLF Safe Harbor Statement Statements in this presentation that are forward looking involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to be materially different from any future performance that may be suggested in this presentation. Suc
Slide 3: Revenue Comparisons
Revenue Comparisons 1Q15 revenue of $3.8 million versus 1Q14 revenue of $6.3 million Revenue comps difficult in light of switch to indirect $6,333 distribution model 6,000 Sell at approximately 10% discount to GNC, which in 5,000 $3,842 turn delivers direct to store 4,000 2 To avoid disruption, cust
Slide 4: Target Operating Results
FTLF Target Operating Results 3-5 Year Targets 1Q 2014 1Q 2015 Gross Margin 33% to 37% 37.2% 41.0% Operating Expenses* 23% to 28% 22.6% 41.4% Net Margin 6% to 8% 14.1% -1.1% Non-GAAP Net Margin* 6% to 8% 15.5% 9.4% Positive effect of indirect distribution model on margin levels: * Reduction in overa
Slide 5: 1Q 2015 Net Income Comparisons
FILE 1Q 2015 Net Income Comparisons 1Q15 Net Income -$42,263 versus 1Q14 Net Income $893,346 1Q15 Non-GAAP Net Income $360,148 vs. 1Q14 Non-GAAP Net Income $979,681 -100 1Q 2015 Net Income 15.5% 1Q14 9.4% 1Q15 ~4.0% Net Income mNon-GAAP Net Income Mm Non-GAAP Net Margin FITLIFE®
Slide 6: 1Q 2015 Net Income Comparisons
1Q 2015 Net Income Comparisons 1Q2015 Diluted EPS ($0.01) versus $0.11 in 192014 1Q15 Non-GAAP EPS $0.04 versus 0.12 in 192014 $0.14 $0.12 $0.10 $0.08 $0.06 $0.04 $0.02 $0.00 -$0.02 1014 1Q15 MEPS m Non-GAAP EPS FITLIFE@
Slide 7: Balance Sheet
Balance Sheet FTLF Cash A/R DSO Inventory turns Long-term Debt Line of Credit Equity Dec 2014 {in 000’s) $4,353 31 4.6x $1,947 $437 $6,714 Mar 2015 {in 000’s) $4,377 51 4.7x $1,822 $437 $6,818 Details DSO Target 45 — 60 days Target 4 to 6 turns 5-year term @ 3.6% $3 million total line FITLIFE@
Slide 8: Non-GAAP Reconciliation
FTLF Non-GAAP Reconciliation 1Q 2014 1Q 2015 (in 000’s) {in 000’s) Net Income (oss) ($42) $893 Non-GAAP Net Income (Loss) Reconciliation Adjustments: Stock based compensation 402 86 Non-GAAP Net Income $360 $979 Weighted average shares, diluted 8,184,126 8,527,826 Non-GAAP EPS, diluted $0.04 $0.10 F