BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported profit of $800,000 in its fourth quarter.
On a per-share basis, the Baltimore-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, were 10 cents per share.
The weight-loss company posted revenue of $119 million in the period.
For the year, the company reported profit of $2.1 million, or 19 cents per share. Revenue was reported as $602.5 million.
For the current quarter ending in March, Medifast said it expects revenue in the range of $100 million to $120 million.
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