Today, The Bowser Report issued a daily mover alert on
FitLife Brands (FTLF), which gained 10% or more today.
FTLF closed up $0.28 for the day after reporting on its
third quarter results yesterday evening. The release featured sales up 14%, but
earnings down 32%. Earnings were down primarily due to the company’s merger
with iSatori.
In our latest front page article, which published today, we
discuss one-time charges and how they affect Bowser Ratings. In the case of
FTLF, its acquisition costs with iSatori would qualify: “Excluding the
non-recurring merger and non-cash issuance costs, net income would have been
$700,000.”
FTLF, in the November newsletter, is in Category 3 and is
Not Rated (NR). FTLF’s Rating taking into account these most recent results,
though not yet completed, should reflect the improved report.
To learn more about The Bowser Report, visit
https://thebowserreport.com
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