Medifast announces first quarter 2023 financial results

Baltimore , may 1, 2023 /prnewswire/ -- medifast (nyse: med), the global company behind one of the fastest-growing health and wellness communities,  opta via®, today reported results for the first quarter ended march 31, 2023. first quarter 2023 revenue of $349.0 million, with revenue per active earning coach of $5,945 independent active earning optavia coaches of 58,700 net income of $40.0 million earnings per diluted share ("eps") of $3.67 cash and cash equivalents of $123.7 million and no interest bearing debt "we're pleased to see revenue and operating income both ahead of expectations in the quarter, as we continue to adjust to the changing dynamics of the business environment," said dan chard, medifast's chairman & chief executive officer.
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