OPTA

Medifast Announces First Quarter 2024 Financial Results

Retrieved on: 
Monday, April 29, 2024
Practice Management, Managed Care, Health, Hospitals, Health Technology, Health Insurance, Fitness & Nutrition, Other Health, Internet, Coach, Research, BCG, Future, OPTA, Pressure, Acquisition, EPS, Telephone, Growth, Music

Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the first quarter ended March 31, 2024.
  • The total number of active earning OPTAVIA Coaches decreased 35.6% to 37,800 compared to 58,700 for the first quarter of 2023.
  • The effective tax rate was 28.2% for the first quarter of 2024 compared to 25.1% in the prior-year period.
  • The company expects second quarter 2024 revenue to be in the range of $150 million to $170 million and second quarter 2024 diluted EPS to be in the range of $0.05 to $0.40.

Medifast Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, February 20, 2024
Mental Health, Health, Telemedicine, Virtual Medicine, Fitness & Nutrition, Managed Care, General Health, Acquisition, Investment, Telephone, Future, OPTA, EPS, Internet, Pressure, Pharmaceutical industry

Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Medifast (NYSE: MED), the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTA VIA® , today reported results for the fourth quarter and full year ended December 31, 2023.
  • The total number of active earning OPTAVIA Coaches decreased 32.5% to 41,100 compared to 60,900 for the fourth quarter of 2022.
  • The company’s gross profit as a percentage of revenue was 74.0% compared to 69.3% in the fourth quarter of 2022.
  • On a non-GAAP adjusted basis, net income in the fourth quarter of 2023 was $11.9 million, or $1.09 per diluted share.

Medifast Named as One of the "Best Companies To Work For" by U.S. News & World Report

Retrieved on: 
Thursday, October 5, 2023
Food, Russell, Health, Partnership, U.S. News & World Report, NYSE, News, Culture, Coach, OPTA, Russell 3000 Index, 100 Best Companies to Work For, Management, Medifast

"At Medifast, we are on a mission to provide the world lifelong transformation, one healthy habit at a time, and we achieve this by harnessing the incredible power of human connection," said Dan Chard, Chairman and CEO of Medifast.

Key Points: 
  • "At Medifast, we are on a mission to provide the world lifelong transformation, one healthy habit at a time, and we achieve this by harnessing the incredible power of human connection," said Dan Chard, Chairman and CEO of Medifast.
  • "Since the company's founding, we have been committed to building strong relationships and fostering a culture of community.
  • Our employees are the driving force behind our success, and it is their partnership with our dedicated independent Coaches that has allowed OPTAVIA to impact more than three million lives.
  • Together, we are changing lives, instilling healthy habits and paving the way for a brighter, healthier future."

Arduino Announces $22M in Additional Funding to Support Enterprise and Cloud Expansion

Retrieved on: 
Wednesday, September 6, 2023
Mobile, Wireless, Technology, Artificial Intelligence, Other Professional Services, IOT (Internet of Things), Professional Services, Semiconductor, Security, Satellite, Photography, Nanotechnology, Other Technology, Telecommunications, Software, Engineering, Start-Up, Networks, Internet, Hardware, Electronic Design Automation, Manufacturing, Data Management, VoIP, Consumer Electronics, Cloud, EDU, Heart, Renesas Electronics, Embedded, D, Electronics, Internet of things, Arm, Business, CMO, School, Student, Climate change, Investment, Machine learning, Growth, HW, Ecosystem, R, VC, Education, OPTA, Cryptocurrency, Renewable energy, Arduino

Arduino , the open-source hardware pioneer today announced the closing of an additional $22 million in funding for a total of $54 million in Series B financing.

Key Points: 
  • Arduino , the open-source hardware pioneer today announced the closing of an additional $22 million in funding for a total of $54 million in Series B financing.
  • Arduino is at the forefront of empowering a diverse community of citizen technologists.
  • With their focus on AI and machine learning, Arduino seamlessly caters to hobbyists, students, and leading enterprises alike.
  • Arduino will also use the funds to accelerate its go-to-market initiatives and customer support in selected high-potential geographies.

Medifast to Announce Financial Results for the Second Quarter Ended June 30, 2023

Retrieved on: 
Monday, July 24, 2023
Telephone, Internet, Health, NYSE, OPTA, Medifast

BALTIMORE, July 24, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community OPTA VIA ®, will announce financial results for the second quarter ended June 30, 2023 on Monday, August 7, 2023, after market close.

Key Points: 
  • BALTIMORE, July 24, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the company behind the health and wellness community OPTA VIA ®, will announce financial results for the second quarter ended June 30, 2023 on Monday, August 7, 2023, after market close.
  • The Company will host a conference call to discuss the results with additional comments and details.
  • Company participants will be Dan Chard, Chairman and Chief Executive Officer, and Jim Maloney, Chief Financial Officer.
  • ET, August 7, 2023, through August 14, 2023.

Medifast to Announce Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Monday, April 17, 2023
Telephone, Internet, NYSE, OPTA, Medifast

BALTIMORE, April 17, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the first quarter ended March 31, 2023 on Monday, May 1, 2023, after market close.

Key Points: 
  • BALTIMORE, April 17, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the first quarter ended March 31, 2023 on Monday, May 1, 2023, after market close.
  • The Company will host a conference call to discuss the results with additional comments and details.
  • Company participants will be Dan Chard, Chairman and Chief Executive Officer, and Jim Maloney, Chief Financial Officer.
  • ET, May 1, 2023, through May 8, 2023.

Medifast Named to Financial Times' List of The Americas' Fastest Growing Companies

Retrieved on: 
Monday, April 3, 2023
Growth, Health, Community, OPTA, Research, NYSE, Financial Times, Pharmaceutical industry, Medifast

BALTIMORE, April 3, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, today announced that it has been ranked by Financial Times as one of The Americas' Fastest Growing Companies based on compound annual growth in revenues from 2018 to 2021.

Key Points: 
  • "Medifast has been a leader in the health and wellness industry for more than 40 years, during which time our simple yet comprehensive approach has resonated with more than two million people," said Dan Chard, Chairman and CEO of Medifast.
  • Medifast grew revenue from $274.5 million in 2016 to $1.6 billion in 2022.
  • Thousands of public companies across 20 countries were examined to determine the top 500 companies in the Americas that have achieved the highest compound annual growth in revenues between 2018 and 2021.
  • The company's growth is fueled by its OPTAVIA program, a solution for those looking for a holistic lifestyle change.

OKdo and Global Partners to Showcase Comprehensive Suite of Single Board Computer Solutions at Embedded World 2023

Retrieved on: 
Tuesday, March 14, 2023
Machine learning, Input/output, Asus Tinker Board, QR, SBC, NXP, RS, Software, USB hardware, Environment, Intelligence, Internet of things, Atmosphere, Mali, Maker, OPTA, Facial recognition, ROCK, TI, Temperature, ASUS, Student, CMO, Linux, Micro, Tinker, Tensor Processing Unit, Embedded, SOC, RS Group, FOTA, Internet, Single-board computer, Partnership, Tourism, Video game, River Severn, Arduino, Pocs, Rockchip

LONDON, March 14, 2023 /PRNewswire/ -- OKdo , the innovative Single Board Computer (SBC) and Internet of Things arm of RS Group , will showcase a wide variety of demonstrations at this year's Embedded World held on March 14 - 16, 2023.

Key Points: 
  • LONDON, March 14, 2023 /PRNewswire/ -- OKdo , the innovative Single Board Computer (SBC) and Internet of Things arm of RS Group , will showcase a wide variety of demonstrations at this year's Embedded World held on March 14 - 16, 2023.
  • BeaglePlay: The BeagleBoard.org Foundation announced the global availability of BeaglePlay, the most adaptable open-source performance platform available.
  • It is designed to simplify the process of adding sensors, actuators, indicators, human interfaces, and connectivity to an embedded system.
  • ASUS: The ASUS Tinker Board range delivers a choice of high-performance AI solutions in a compact credit card form factor.

Medifast Appoints Steven Zenker as Vice President of Investor Relations

Retrieved on: 
Thursday, March 2, 2023
NYSE, Central Gardens, Texas, Fordham University, Lennar, FP, Zenker, OPTA, Health, University at Albany, SUNY, Corporate communication, Senior, Bank, Sinclair Broadcast Group, Management, Medifast

BALTIMORE, March 2, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA ®, today announced it has named Steven Zenker as Vice President of Investor Relations.

Key Points: 
  • BALTIMORE, March 2, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA ®, today announced it has named Steven Zenker as Vice President of Investor Relations.
  • Mr. Zenker has over 30 years of investor relations, financial planning and analysis, communications, and investment management experience.
  • Most recently, Mr. Zenker served as Senior Vice President and Vice President of Investor Relations at Sinclair Broadcast Group, where he led the development and implementation of the company's investor relations strategy.
  • Prior to joining Sinclair, Mr. Zenker was Vice President of Investor Relations, FP&A and Corporate Communications for Central Garden & Pet Company, where he worked for nine years.

Medifast to Announce Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022

Retrieved on: 
Tuesday, February 7, 2023
Telephone, NYSE, Internet, OPTA, Internet service provider, Medifast

BALTIMORE, Feb. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the fourth quarter and full year ended December 31, 2022 on Tuesday, February 21, 2023, after market close.

Key Points: 
  • BALTIMORE, Feb. 7, 2023 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTA VIA® , will announce financial results for the fourth quarter and full year ended December 31, 2022 on Tuesday, February 21, 2023, after market close.
  • The Company will host a conference call to discuss the results with additional comments and details.
  • Company participants will be Dan Chard, Chairman and Chief Executive Officer, and Jim Maloney, Chief Financial Officer.
  • ET on February 21, 2023.