Optavia
February 23, 2022
Medifast, the parent of Optavia, said fourth-quarter 2021 revenue rose 42.6 percent to 377.8 million dollars. Active earning Optavia coaches rose 35.3 percent to 59,800, and average revenue per active earning coach rose 6.6 percent to 6,321 dollars. Full-year revenue rose 63.2 percent to 1.526 billion dollars, and net income rose 59.5 percent to 164.0 million dollars, or 13.89 dollars per diluted share.
The company guided full-year 2022 revenue to 1.72 billion to 1.79 billion dollars and diluted earnings per share to 14.50 to 16.00 dollars, assuming a tax rate of about 24.25 percent to 25.25 percent. Growth was attributed to higher coach count and coach productivity in the Optavia community.