FitLife Brands, Inc. provided earnings guidance for fourth quarter and full year ended December 31, 2015. Total revenue is estimated to be approximately $3.8 million for the fiscal fourth quarter ended December 31, 2015, compared to $2.0 million in the prior year period. Included in the total revenue figure is an approximate $1.4 million contribution from the iSatori acquisition. Excluding iSatori-related contribution, the Company expects to report fourth quarter 2015 FitLife revenue of approximately $2.4 million, a 19% increase from $2.0 million last year. The accounting change reduced revenue by $412,000 in the quarter and by $117,000 in the fourth quarter of 2014. Net income for the fourth quarter is expected to be a loss of approximately $1.8 million compared to a loss of $509,000 in the same period a year ago. Approximately $0.7 million of the loss was attributable to iSatori and $1.1 million to the core FitLife business. The decrease in net income was principally attributable to approximately $200,000 of non-recurring costs incurred in connection with merger with iSatori and nearly $150,000 investment in its new Metis line for advertising and new product development.

For the full year 2015, total revenue is estimated at $17.9 million, including iSatori's fourth quarter contribution, versus $19.6 million in 2014. Core FitLife revenue for the year was approximately $16.5 million. The decrease in annual revenue was primarily attributable to the shift to GNC's centralized distribution where the Company now sells its products at an approximate 15% discount to the prior model. This is more evident as core revenue was down approximately 15%. Revenue for 2015 and 2014, was lowered by approximately $1.5 million and $0.4 million, respectively, due to the reclassification of indirect product rebates from sales and marketing expense to a reduction in revenue. Net income for fiscal year 2015 is estimated at a loss of $1.2 million compared to a profit of $1.7 million in 2014. The core FitLife business' expected loss is approximately $0.5 million. Contributing to the loss was approximately $750,000 in merger related expenses, a noncash stock expense of $400,000 earlier in the year, and previously addressed investments in the new Metis product line.