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Interactive Strength Inc - TRNR STOCK NEWS

Welcome to our dedicated news page for Interactive Strength (Ticker: TRNR), a resource for investors and traders seeking the latest updates and insights on Interactive Strength.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Interactive Strength's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Interactive Strength's position in the market.

Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR) strengthens its balance sheet by converting $3.0 million of a senior loan to equity and extending the maturity of the remaining balance to December 2024. The move aims to reduce liabilities and improve financial stability, with expectations of profitability by the fourth quarter of the year.
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End-of-Day
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Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR) announced that its CLMBR brand will be showcased at FIBO Global Fitness in Cologne, Germany, expecting over 150,000 visitors. The company aims to expand CLMBR sales internationally and has received significant interest from gym chains and boutique fitness operators. With the commercial version now available worldwide, CLMBR is gaining traction in the cardio floor and group fitness room segments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
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Rhea-AI Summary
Interactive Strength Inc. (TRNR) reported a net loss of $11.4 million and $0.80 per diluted share for Q4 2023, showing improvement from the same period in 2022. Adjusted EBITDA was a $3.5 million loss, reflecting a $5.5 million improvement. The company aims to achieve run-rate Adjusted EBITDA positive by Q4 2024. CEO Trent Ward highlighted expense control improvements and revenue expectations from recent acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR) announced that both CLMBR and FORME will be showcased at the IHRSA Convention and Trade Show. The commercial version of CLMBR is now available worldwide, receiving significant interest from gyms for cardio floors and group fitness rooms, while FORME is popular among country clubs and multi-family developers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.44%
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Rhea-AI Summary
Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR) confirms compliance with Nasdaq Listing Rule 5550(b)(1) after successful execution of acquisition of CLMBR and debt conversion. The Company's stockholders' equity increased, paving the way for financial stability and profitability. CLMBR acquisition expected to boost revenue and gross profit in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.23%
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Rhea-AI Summary
Interactive Strength Inc. (TRNR) secures a distribution agreement with WOODWAY USA Inc., expecting over $7 million in net revenue from an initial purchase order. TRNR projects a net revenue of $15-20 million in 2024. The agreement spans worldwide distribution of the CLMBR product, showcasing its growth potential in the commercial market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25%
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Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR) has completed the acquisition of CLMBR, Inc., expecting to generate $15-20 million in revenue in 2024. The combined business aims to be cashflow positive and adjusted EBITDA profitable by Q4 2024, driven by B2B sales and distributor partnerships. The acquisition is valued at $15.4 million and is structured as an asset deal with earn-out potential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.67%
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Rhea-AI Summary
FORME (NASDAQ: TRNR) Announces Net Loss of $10.4 million and $0.73 Adjusted EBITDA, Enters Agreement to Acquire CLMBR, Inc. Assets. The company reported a net loss of $10.4 million and $0.73 adjusted EBITDA for the third quarter of 2023. FORME also entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc., with projected 2024 combined revenues exceeding $20 million.
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Rhea-AI Sentiment
End-of-Day
3.82%
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Interactive Strength Inc. to acquire CLMBR, creating a high-growth, B2B focused, connected fitness platform
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Rhea-AI Sentiment
End-of-Day
2.86%
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conferences
Rhea-AI Summary
FORME announces partnership with Truemed to enable customers to use HSA and FSA funds for purchases
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Rhea-AI Sentiment
End-of-Day
-5.17%
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partnership
Interactive Strength Inc

Nasdaq:TRNR

TRNR Rankings

TRNR Stock Data

4.08M
12.49M
18.77%
25.06%
0.84%
Sporting and Athletic Goods Manufacturing
Manufacturing
Link
United States
Austin