BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Monday reported a loss of $772,000 in its first quarter.
On a per-share basis, the Baltimore-based company said it had a loss of 7 cents. Losses, adjusted for investment gains, were 11 cents per share.
The weight-loss company posted revenue of $115.7 million in the period.
For the current quarter ending in June, Medifast said it expects revenue in the range of $85 million to $105 million.
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