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Medifast Announces First Quarter 2008 Financial Results


Accumulated other comprehensive

income 154,000 321,000

Retained Earnings 11,183,000 9,818,000

38,576,000 37,106,000

Less: cost of 270,534 and 270,534

shares of common stock in treasury (1,971,000) (1,971,000)

Less: unearned compensation (2,867,000) (2,715,000)

Total Stockholders' Equity 33,738,000 32,420,000


EQUITY $46,058,000 $43,724,000



Three Months Ended March 31,


2008 2007

(Unaudited) (Unaudited)

Revenue, net $25,169,000 $20,089,000

Cost of sales 6,100,000 5,058,000

Gross Profit 19,069,000 15,031,000

Selling, general, and administration 17,007,000 13,117,000

Income from operations 2,062,000 1,914,000

Other income/(expense)

Interest expense (103,000) (95,000)

Interest income 38,000 33,000

Other expense 36,000 51,000

(29,000) (11,000)

Net income before provision for

income taxes 2,033,000 1,903,000

Provision for income tax (expense) (668,

SOURCE Medifast, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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