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Medifast Inc. (MED) is in the Food Industry

Revenue
Dec 31 2007
$83.7M
Profit
Dec 31 2007
$3.8M
Market Cap
Oct 09 2008
$63.0M

Latest News and Analysis

Additional Resources

  • Canadian crowned Tour of Pa. champion

    PITTSBURGH - David Veilleux of Cap-Rouge, Quebec, won the six-day Tour of Pennsylvania yesterday after race officials discounted the final stage of the event because of tornado warnings. A weather alert caused the 50-mile sixth stage, a criterium, to be halted and then restarted. Race officials then decided the...

    Articles 2008-06-30

  • Owings Mills-based Medifast reports flat earnings

    Medifast Inc., of Owings Mills, which manufactures and markets dietary supplements and operates a chain of weight control centers, reported its first-quarter net income was flat at $1.4 million, or 10 cents per diluted share, compared to $1.4 million, or 10 cents per diluted share, for the prior-year period. Revenue...

    Articles 2008-05-13

  • Medifast, Inc. Names Barry B. Bondroff, CPA to Board of Directors

    OWINGS MILLS, Md., May 13 /PRNewswire-FirstCall/ -- Medifast, Inc. , a leading portion-controlled weight loss program, today announced that Barry B. Bondroff, CPA has been named to the Board of Directors. Bondroff, currently a Senior Managing Director with SMART, a diverse team of business advisory professionals founded in 1988,...

    Articles 2008-05-13

  • Medifast Announces First Quarter 2008 Financial Results

    Reports Record Quarterly Sales of over $25 million OWINGS MILLS, Md., May 12 /PRNewswire-FirstCall/ -- Medifast, Inc. announced today first quarter financial results for the period ended March 31, 2008. Financial highlights included: -- First quarter revenues increased 25%; -- Gross margins...

    Articles 2008-05-12

  • News Summary - 05/12

    Medifast reports flat earnings Medifast Inc., of Owings Mills, which manufactures and markets dietary supplements and operates a chain of weight control centers, reported its first-quarter net income was flat at $1.4 million, or 10 cents per diluted share, compared to $1.4 million, or 10 cents per...

    Articles 2008-05-12

  • BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List Today.

    M2 PRESSWIRE-3 April 2008-BUYINS.NET: BSY, CUK, MED, NFP, OCN, BZP Have Been Removed From Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:03042008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE...

    Articles 2008-04-03

  • MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List Today.

    M2 PRESSWIRE-26 March 2008-BUYINS.NET: MED, MEG, MGS, OCN, PRM, TNH Have Also Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:26032008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and...

    Articles 2008-03-26

  • Medifast Announces Year-end 2007 Financial Results

    Fourth quarter revenue up 29%; fourth quarter profit up 138% 2008 EPS guidance forecasts 30% to 35% growth OWINGS MILLS, Md., March 12 /PRNewswire-FirstCall/ -- Medifast, Inc. announced today financial results for the fourth quarter and the year ended December 31, 2007. ...

    Articles 2008-03-12

  • Medifast, Inc. to Announce Fourth Quarter and Fiscal Year-End Results on Wednesday, March 12, 2008

    OWINGS MILLS, Md., March 5 /PRNewswire-FirstCall/ -- Medifast, Inc. announced today that it will release fourth quarter and fiscal year-end financial results for the period ended December 31, 2007 on Wednesday, March 12, 2008 after the market closes. The Company will hold a conference call and webcast to...

    Articles 2008-03-05

  • Calorie-burning products

    Medifast, Inc. Owings Mills, MD, a leading portion-controlled weight loss program, has launched a new product line called Momentum, which is designed specifically to induce thermogenesis. Momentum by Medifast is designed to burn extra calories, boost metabolism and decrease appetite, and has been clinically shown to have the maximum effect...

    Articles 2008-03-01

  • Medifast of Owings Mills sells franchise

    Medifast Inc., of Owings Mills, which manufactures and markets dietary supplements, said it sold its first Medifast Weight Control Centers franchise, involving four centers in the Greater Baltimore metropolitan area. Neither the identity of the franchise owner nor terms of the deal were disclosed. One or more of the centers...

    Articles 2008-02-19

  • 2008 Ad

    PedalFest Kicks Off Local Events For 2008 Amgen Tour of California Who: Los Angeles residents, cycling enthusiasts and businesspeople in the city's Financial District will join ...

    Articles 2008-01-29

  • Has added Medifast Inc. to their watch list.

    M2 PRESSWIRE-21 January 2008-The Maybach Journal: Has added Medifast Inc. to their watch listC1994-2008 M2 COMMUNICATIONS LTD RDATE:21012008 Maybach Financial Group is a syndicate of financial analysts, with a core group representing over 250 years of total investing experience. ...

    Articles 2008-01-21

  • 2008 Ad

    Stationary Cycling Fundraiser Kicks off Local Events for Amgen Tour of California SAN FRANCISCO -- Today, professional cyclist and San Carlos resident Brian Buchholz joins teammate Keven Lacombe and San Franciscans to support the fight against cancer during PedalFest 2008, a stationary cycling fundraiser in which miles pedaled...

    Articles 2008-01-16

  • Medifast Inc. of Owings Mills announces launch of new product line

    Medifast Inc., of Owings Mills, a maker of dietary supplements, announced the launch of a new product line, Momentum by Medifast. According to a company statement, Momentum is the first product line in the weight loss industry designed specifically to induce thermogenesis, which according to Merriam-Webster online means "the production...

    Articles 2008-01-15

  • page 1 of 1
  • Incorporated: 1989
  • CEO: Mr. Michael S. McDevitt

Medifast is engaged in the production, distribution, and sale of weight management and disease management products and other consumable health and diet products. Co.'s operations are conducted through its five wholly owned subsidiaries: Jason Pharmaceuticals, Inc., Take Shape for Life, Inc., Jason Enterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC. Co.'s product lines include weight and disease management, meal replacement products and vitamins manufactured in the U.S. Food and Drug Administration approved facility in Owings Mills, MD. These products are sold through various channels of distribution, to include web, call center, medical professionals, and weight loss clinics.

Key Competitors

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Medifast Inc. Company Info

Board of Directors

Mr. Bradley T. MacDonald

Chairman

Mr. Joseph D. Calderone

Mr. George Lavin Jr.

Mr. Charles P. Connolly Jr.

Mr. Michael J. McDevitt

Mr. Richard T. Aab

Mr. Michael C. MacDonald

Ms. Margaret E. MacDonald

Mr. Dennis M. McCarthy

Mr. Michael S. McDevitt

Mr. Barry B. Bondroff CPA

Ms. Jeannette M. Mills

Ms. Mary T. Travis

Reverend Donald Francis Reilly

Contact Information

11445 Cronhill Drive

Owings Mills, MD

http://www.medifastdiet.com

410 581-8042

NAICS Code

All Other Miscellaneous Food Manufacturing: 311999
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