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Medifast Receives Notice Regarding NYSE Listing


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

and outstanding 14,000 14,000

Additional paid-in capital 26,930,000 26,629,000

Accumulated other comprehensive income 367,000 334,000

Retained earnings 9,216,000 5,981,000

36,527,000 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 (2,864,000) (3,356,000)

Total stockholders' equity 31,692,000 27,916,000


EQUITY $40,673,000 $36,677,000




Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

(Restated) (Restated)

Revenue $21,846,000 $19,642,000 $63,975,000 $58,779,000

Cost of sales 5,523,000 4,705,000 15,944,000 14,334,000

Gross Profit 16,323,000 14,937,000 48,031,000 44,445,000

Selling, general, and

administration 14,766,000 13,166,000 43,116,000 37,362,000

Income from operations 1,557,000 1,771,000 4,915,000 7,083,000

Other income/(expense)

Interest expense, net (159,000) (42,000) (284,000) (134,000)

Other income 2,000 24,000 90,000 184,000


SOURCE Medifast, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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