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Medifast Announces Year-end 2007 Financial Results

le, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.



As of December 31, 2007 and 2006


2007 2006


Current assets:

Cash and cash equivalents $2,195,000 $1,085,000

Accounts receivable-net of allowance

for doubtful accounts

of $100,000 493,000 448,000

Inventory 9,181,000 8,255,000

Investment securities 1,439,000 1,540,000

Deferred compensation 814,000 673,000

Prepaid expenses and other current assets 2,727,000 2,599,000

Note receivable - current 180,000 174,000

Current portion of deferred tax asset 100,000 90,000

Total current assets 17,129,000 14,864,000

Property, plant and equipment - net 17,031,000 14,020,000

Trademarks and intangibles - net 7,356,000 5,874,000

Deferred tax asset, net of current portion 897,000 517,000

Note receivable, net of current assets 1,212,000 1,355,000

Other assets

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

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