- Revenues for the quarter were $97.5 million and operating income was $9.8 million, both of which were in line with the company’s expectations;
- Adjusted EBITDA for the quarter was $13.5 million. Adjusted EBITDA is defined as net income excluding non-cash employee compensation, interest, income taxes, depreciation and amortization;
- Net income for the quarter was $6.4 million, and net income per diluted share was 22 cents, exceeding the Company’s projected range of 15 to 20 cents per share; and
- Cash, cash equivalents, and short term investments were $35.1 million at June 30, 2013. The Company had no outstanding bank debt at quarter-end under its existing bank facility.
Nutrisystem, Inc. (NASDAQ: NTRI), a leading provider of weight management products and services, today reported financial results for the second quarter 2013. The Company also announced that the Board of Directors has declared a quarterly dividend of $0.175 per share, payable August 19, 2013, to stockholders of record as of August 8, 2013. The following are financial highlights for the second quarter ended June 30, 2013: