Medifast

Medifast is a leading provider of clinically proven, portion-controlled weight-loss programs. Medifast is on a mission to enrich lives by providing innovative choices for lasting health.When you choose Medifast, you get a powerful product along with the support of an unusually committed company. We are passionate about offering hope to those who want freedom from obesity.

Unlike other companies who manufacture their foods overseas, Medifast makes most of its products in our wholly-owned manufacturing facility just a couple of blocks from our executive offices in Owings Mills, MD. We offer over 70 meal replacement products, including bars, brownies, soups, chili, puddings, and oatmeals.

Revenue(Q1, 2017)

$70.6 M

Market capitalization(2017-09-22)

$679.4 M

Company Growth (employees)

Type

Public

Owings Mills, US

Founded

1980

Size (employees)

422 (est)

Website

medifast1.com

Medifast was founded in 1980 and is headquartered in Owings Mills, US

Medifast Office Locations

Medifast has an office in Owings Mills

Owings Mills, US (HQ)

11445 Cronhill Dr

Medifast Data and Metrics

Medifast Financial Metrics

Medifast's revenue was reported to be $70.6 m in Q1, 2017

Summary

USD

Medifast's current market capitalization is $679.4 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	356.9 m	285.3 m	272.8 m	274.5 m
Revenue growth, %	12%	(20%)	(4%)	1%
Cost of goods sold	89 m	76.1 m	71.5 m	68.9 m
Gross profit	267.8 m	209.2 m	201.3 m	205.7 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	80.9 m	74 m	73.4 m	72.2 m	65.9 m	72.3 m	71.1 m	68.6 m	70.6 m
Cost of goods sold	20.5 m	19.1 m	19.6 m	19 m	16.8 m	19.2 m	17.9 m	16.4 m	17.7 m
Gross profit	60.4 m	54.9 m	53.8 m	53.2 m	49.2 m	53.2 m	53.2 m	52.2 m	52.9 m
Gross profit Margin, %	75%	74%	73%	74%	75%	74%	75%	76%	75%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	36.4 m	24.5 m	42 m	52.4 m
Inventories	2.9 m	2.9 m	2.9 m	18.3 m
Current Assets	92 m	81.9 m	88.1 m	101.3 m
PP&E	40.3 m	33.5 m	29 m	19.8 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	32 m	27.6 m	33.4 m	37.1 m	39 m	47.3 m	58.6 m	57.1 m	54 m
Inventories	17.6 m	16.2 m	14.2 m	12.4 m	11.8 m	13.2 m	11.4 m	15 m	19.9 m
Current Assets	92.3 m	79.1 m	87.6 m	86.1 m	84.7 m	92.1 m	97.8 m	103.2 m	103.6 m
PP&E	37.1 m	36 m	32.5 m	31.1 m	29.5 m	27 m	20.1 m	20.1 m	19.1 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	24 m	13.2 m	20.1 m	17.8 m
Depreciation and Amortization	11.4 m	8.1 m	7.1 m	5.4 m
Accounts Receivable	902 k	(708 k)	17 k	246 k
Inventories	406 k	(349 k)	(56 k)	(5 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	5.7 m	4.9 m	4.4 m	6.2 m	5.5 m	4.3 m	3.4 m	6.1 m	6.1 m
Depreciation and Amortization									1.1 m
Accounts Receivable									(102 k)
Inventories	17.6 m	16.2 m	14.2 m	12.4 m	11.8 m	13.2 m	11.4 m	15 m	(1.6 m)