Gold prices steady ahead of Fed decision; weekly weakness noted
OMAHA - FitLife Brands, Inc. (NASDAQ: FTLF), a nutritional supplements and wellness products provider with a market capitalization of $132 million, has announced changes to its board of directors, with the resignation of Todd Ordal effective April 25, 2025. According to InvestingPro data, the company has demonstrated strong financial performance with a 22% revenue growth over the last twelve months. The company stated that this move is in line with its commitment to regularly refresh its board to adhere to good corporate governance practices. The resignation is not due to any disagreement with the company’s management or board.
Following Mr. Ordal’s departure, Shannon Pappas has been appointed as an independent director. Ms. Pappas brings over two decades of experience in various sectors including beauty, skincare, health, fitness, and consumer goods. The appointment comes as FitLife maintains strong financial health, with InvestingPro analysis showing the company operates with moderate debt levels and maintains liquid assets exceeding short-term obligations. Her track record includes roles at Beauty Industry Group, The Proactiv Company, Beachbody LLC, and the International Sports Sciences Association, among others. She has been recognized for her strategic growth initiatives, digital commerce expertise, financial management, and market expansion skills.
Dayton Judd, FitLife’s Chairman and CEO, expressed gratitude to Mr. Ordal for his decade-long service and welcomed Ms. Pappas, highlighting her background as valuable to the company’s future success. Mr. Ordal reflected positively on his tenure and endorsed Ms. Pappas as a fitting addition to the board. Ms. Pappas herself expressed enthusiasm for joining the board at a pivotal time for FitLife, looking forward to contributing to the company’s innovation and growth.
FitLife Brands anticipates further changes to its board composition in the coming years, maintaining its practice of board evaluation. The company, headquartered in Omaha, Nebraska, markets over 250 products, mainly online, through GNC® franchise locations and other retail outlets. Investors should note that FitLife will report its next earnings on May 14, 2025. InvestingPro subscribers have access to 10 additional key insights about FitLife’s valuation and financial health, along with comprehensive research reports that transform complex Wall Street data into actionable intelligence. This report is based on a press release statement from FitLife Brands.
In other recent news, FitLife Brands reported a 13% year-over-year increase in Q4 2024 revenue, reaching $15 million, primarily driven by a 12% rise in online sales. The company’s earnings per share (EPS) for the quarter was $0.23, surpassing analyst forecasts of $0.21. Despite this positive financial performance, FitLife Brands’ stock saw a decline in aftermarket trading, influenced by mixed guidance for the upcoming quarter and concerns over potential tariff impacts. The company anticipates a 4-6% revenue decline for Q1 2025 compared to the previous year, with adjusted EBITDA expected to remain flat. FitLife Brands is exploring mergers and acquisitions as part of its growth strategy and is focused on optimizing its brand portfolio. The company is also addressing potential tariff impacts on ingredient sourcing by seeking alternative suppliers. Notably, the company settled a commercial dispute with GNC, resuming product shipments to their distribution centers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.