| | Business Summary | | Medifast,
Inc.,
formerly
known
as
HealthRite,
Inc.,
is
engaged
in
the
production,
distribution,
and
sale
of
consumable
health
and
diet
products.
The
Company,
together
with
and
its
wholly
owned
operating
subsidiary
Jason
Pharmaceuticals,
Inc.,
manufactures
and
distributes
Medifast
branded
and
private
label
weight
management
products.
These
products
are
sold
primarily
through
diet
centers
and
licensed,
qualified
medical
practitioners.
Products
include
Medifast,
Medifast
Take
Shape,
and
Medifast
Plus
with
Super
Citrimax. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Medifast,
Inc.
is
engaged
in
production,
distribution
and
sale
of
consumable
health
and
diet
products,
including
meal
substitutes
and
sports
nutrition
products.
For
the
six
months
ended
6/30/01,
revenues
increased
39%
to
$2.7
million.
Net
income
before
extraordinary
item
and
applicable
to
Common
totaled
$380
thousand,
up
from
$25
thousand.
Revenues
reflect
an
increase
in
teleweb
sales.
Earnings
also
benefitted
from
an
improved
margin
due
to
a
focused
marketing
strategy. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Bradley MacDonald, 53
Chairman,
CEO | $121K | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mdft.ob.gif)