isatori inc (IFIT) Key Developments
iSatori, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 14 15
iSatori, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted total revenue of $2,488,892 against $2,918,367 a year ago. Loss from operations was $490,176 against income from operations of $213,951 a year ago. Loss before income tax was $514,916 against income before income tax of $399,481 a year ago. Net loss was $522,712 or $0.04 diluted per share against net income of $336,099 or $0.02 diluted per share a year ago. The reduction in revenues is primarily a result of the unanticipated decline in revenues of a product mix shift from the sales of the weight loss dietary supplement segment in iSatori's business, beginning in the third quarter 2014, which was partially offset by sales of new products and product lines in the sports nutrition segments of its business.
For the six months, the company has posted $5,917,716 against $6,179,634 a year ago. Loss from operations was $364,058 against income from operations of $568,212 a year ago. Loss before income tax was $485,597 against income before income tax of $751,542 a year ago. Net loss was $496,323 or $0.04 diluted per share against net income of $672,337 or $0.05 diluted per share a year ago.
iSatori, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
May 8 15
iSatori, Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $3,428,823 against $3,219,244 for the same period a year ago. The increase in revenues can be attributed to increasing demand for their category-creating Bio-Gro product and newly released products which were not available during the three-month period ended March 31, 2014, such as Pre-Gro and Hyper-Gro (both of which are fortified with Bio-Gro). Adjustments from revenues (for retailer advertising discounts, returns, promotional credits, and coupons) increased $24,000 or 5% to $535,000 for the three months ended March 31, 2015, compared to $511,000 for the same period in the previous year period. Income from operations was $126,118 against $354,263 for the same period a year ago. Income before income taxes was $29,319 against $352,061 for the same period a year ago. Total operating expenses decreased by $70,000 or 4% for first three months ended March 31, 2015, to $1,593,000 from $1,663,000 for the same period prior year. As a result, net income was $26,389 against $336,238 for the same period a year ago.
iSatori, Inc. Provides Earnings Guidance for the First Quarter Ended March 31, 2015
Apr 22 15
iSatori, Inc. provided earnings guidance for the first quarter ended March 31, 2015. For the quarter, the company's total revenue, after discounts, trade promotions, and retail allowances, is estimated to be approximately $3.4 million compared to $3.2 million a year ago. A positive net income is estimated to be reported.
iSatori, Inc. to Report Q1, 2015 Results on May 14, 2015
Apr 22 15
iSatori, Inc. announced that they will report Q1, 2015 results on May 14, 2015
iSatori, Inc. Announces the Removal of the Weight-Loss Supplement MX-LS7(TM) v2 from the Supplement Market
Apr 11 15
iSatori, Inc. announced the removal of the weight-loss supplement MX-LS7(TM) v2 from the supplement market, accelerating the previously planned deletion of the item. Although an ingredient in question, Acacia rigidula, only makes up a small percentage of the total MX-LS7(TM)v2 formula and appears to be DSHEA compliant, out of precaution, iSatori is ceasing its distribution and sales of MX-LS7(TM)v2.