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Medifast Announces Year-end 2007 Financial Results
Date:3/12/2008

99,000 47,000

TOTAL ASSETS $43,724,000 $36,677,000

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable and accrued expenses $4,279,000 $2,913,000

Income taxes payable 592,000 535,000

Line of credit 1,599,000 1,256,000

Current maturities of long-term debt 264,000 548,000

Total current liabilities 6,734,000 5,252,000

Other liabilities

Long-term debt, net of current portion 4,570,000 3,509,000

Total liabilities 11,304,000 8,761,000

Stockholders' Equity:

Preferred stock, $.001 par value

(1,500,000 authorized, no shares

issued and outstanding) - -

Common stock; par value $.001 per

share; 20,000,000 shares authorized;

13,709,098 and 13,631,898 shares issued

and outstanding 14,000 14,000

Additional paid-in capital 26,953,000 26,629,000

Accumulated other comprehensive income 321,000 334,000

Retained earnings 9,818,000 5,981,000

37,106,000 32,958,000

Less: cost of 270,534 and 249,184

shares of common stock in treasury (1,971,000) (1,686,000)

Less: Unearned compensation (2,715,000) (3,356,000)

Total stockholders' equity 32,420,000 27,916,000

TOTAL LIABILITIES AND STOCKHOLDERS'

EQUITY $43,724,000 $36,677,000

MEDIFAST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT
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SOURCE Medifast, Inc.
Copyright©2008 PR Newswire.
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