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Nautilus, Inc. (NYSE: NLS) has launched the Bowflex® BXT8J treadmill, featuring JRNY® adaptive fitness app compatibility, at a price of $1,299. The treadmill boasts a wide running belt, Comfort Tech™ cushioning, speeds up to 12 mph, and a 15% incline. It includes access to personalized workouts and Explorer routes via the JRNY® app. Available through major retailers, the BXT8J aims to address consumer demand for affordable fitness solutions. New JRNY® users can enjoy a free trial, with subsequent yearly access priced at $149.
Nautilus, Inc. (NYSE: NLS) achieved Q1 Fiscal 2023 revenue of $54.8M, a decline of 70.3% year-over-year, yet beat adjusted EBITDA expectations. Direct net sales reached $26.5M, marking a 27% increase from pre-pandemic levels, while JRNY® membership surged by 133% to 360,000 compared to Q1 Fiscal 2022. Gross profit fell to $7.0M with a margin of 12.7%. Operating loss reached $51.2M, driven by a $27.0M impairment charge. Nautilus reiterated its full-year guidance, projecting continued JRNY® growth and a positive EBITDA outlook for H2 2023.
Nautilus, Inc. (NYSE:NLS) has appointed board member Anne Saunders as the new board chair effective August 2, succeeding M. Carl Johnson, III, who retired. Saunders brings over a decade of experience on the board and has held leadership roles in various companies, driving revenue growth through innovation. Her appointment comes as Nautilus undergoes a digital transformation, highlighting its strategy focused on the JRNY personalized training app. CEO Jim Barr expressed confidence in Saunders' leadership to further advance the company’s connected fitness initiatives.
Nautilus, Inc. (NYSE: NLS) will announce its financial results for the fiscal first quarter ending June 30, 2022, after market close on August 9, 2022. A conference call is scheduled for 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss the results. Participants can access the call by dialing specific numbers for North America and international callers. A replay will be available for six months on their website, and a telephonic playback will be accessible for two weeks following the event.
Nautilus, Inc. (NYSE: NLS) reports significant growth in its JRNY® fitness platform, exceeding 360,000 members as of June 30, 2022, and on track to surpass 500,000 by the end of FY 2023. The company enhanced JRNY® with over 1,400 on-demand videos and expanded product compatibility to 80%. Additionally, Chief Digital Officer Garry Wiseman has departed, with Chris Quatrochi assuming his role. CEO Jim Barr anticipates continued growth driven by strategic investments and integration of VAY's motion-tracking technology.
Nautilus, Inc. (NYSE: NLS) reported fiscal year 2022 net sales of $590 million, an 85% increase from 2020. Q4 revenues were $119.7 million, down 41.9% year-over-year but up 41% compared to Q4 2020. Total JRNY® members surpassed 325,000, with expectations to exceed 500,000 by FY 2023's end. The company anticipates achieving positive adjusted EBITDA in the second half of 2023. However, gross profit fell to $21 million with margins down to 17.5%. Net loss for Q4 was $18.2 million, or $(0.58) per share, highlighting ongoing financial challenges.
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Nautilus, Inc. (NYSE:NLS) has appointed Ruby Sharma to its Board of Directors, effective May 18, 2022. With over 30 years of experience in business transformation and investor relations, Sharma's expertise is expected to enhance the company's strategic direction. Her role comes as the company advances its long-term goals in the connected home fitness industry. The announcement also includes the retirement of long-time board members Richard Horn and Marvin Siegert at the upcoming shareholders' meeting on August 2, 2022.
Nautilus, Inc. (NYSE: NLS) announced participation at the Credit Suisse HALO Investment Summit in New York, NY, on May 24-25, 2022. CEO Jim Barr, CFO Aina Konold, and Chief Digital Officer Garry Wiseman will engage in one-on-one and small group meetings on May 24, but there will be no formal presentation. Nautilus, a leader in home fitness solutions, offers brands like Bowflex and Schwinn, aiming to promote healthier living with connected fitness. More details can be found on their investor relations page.
Nautilus, Inc. (NYSE: NLS) will release its financial results for the fourth quarter and full year ended March 31, 2022, after market close on May 23, 2022. A conference call to discuss these results will occur at 1:30 p.m. PT on the same day, accessible via North America at (877) 425-9470 and internationally at (201) 389-0878. Presentation slides will accompany the call, available on Nautilus' website. A replay will be accessible for six months on the site, with a telephonic playback option available for two weeks.