FitLife Brands, Inc. (FTLF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.498 Now, my pleasure to turn the floor over to your host, Dave Ejad, Chief Executive Officer 00:00:04.498 -- 00:00:08.441 at FitLife Brands. Sir, the floor is yours. 00:00:08.945 -- 00:00:14.614 Thank you, Paul. I would like to welcome everyone to FitLife's first quarter 2025 earnings 00:00:14.614 -- 00:00:18.881 call. We appreciate you taking the time to join us this afternoon. 00:00:18.881 -- 00:00:23.949 Joining me on this call is FitLife's CFO, Jacob York, and FitLife's 00:00:23.949 -- 00:00:29.186 EVT, Ryan Hansen. As we typically do, I'll provide some opening 00:00:29.186 -- 00:00:34.331 commentary to get us started, and then we'll open the call up for Q&A. 00:00:34.331 -- 00:00:38.535 My opening remarks will be a bit more brief than on previous calls since we provided 00:00:38.535 -- 00:00:43.841 a fairly specific preview of our first quarter performance during our fourth quarter 00:00:43.841 -- 00:00:46.924 earnings call at the end of March. 00:00:46.924 -- 00:00:51.989 As a reminder, the company affected a two-for-one forward stock split on February 00:00:51.989 -- 00:00:54.549 the 7th, 2025. 00:00:54.858 -- 00:00:59.983 All per share amounts in our 10Q press release and discussion today have 00:00:59.983 -- 00:01:05.247 been retroactively adjusted to account for the forward split. 00:01:05.247 -- 00:01:10.412 For the company overall for the first quarter of 2025, total revenue declined 00:01:10.412 -- 00:01:15.457 4% year-over-year to $15.9 million. 00:01:15.457 -- 00:01:20.601 Online sales were $10.6 million, or 67% of total 00:01:20.601 -- 00:01:22.263 revenue. 00:01:22.263 -- 00:01:27.305 Gross profit declined 6%. and gross margin declined from 00:01:27.305 -- 00:01:32.770 44% in the first quarter of last year to 43.1% 00:...