BALTIMORE (AP) — BALTIMORE (AP) — Medifast Inc. (MED) on Tuesday reported a loss of $18.1 million in its fourth quarter.
On a per-share basis, the Baltimore-based company said it had a loss of $1.65. Losses, adjusted for pretax expenses, came to 55 cents per share.
The weight-loss company posted revenue of $75.1 million in the period.
For the year, the company reported a loss of $18.7 million, or $1.70 per share. Revenue was reported as $385.8 million.
For the current quarter ending in March, Medifast said it expects revenue in the range of $65 million to $80 million.
The company expects a full-year loss of $2.75 to $1.55 per share, with revenue ranging from $270 million to $300 million.
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