Interactive Strength Inc. (Nasdaq:TRNR) Issues Shareholder Update on Positive Developments

Rhea-AI Summary

Interactive Strength Inc. (NASDAQ:TRNR), a specialty fitness equipment manufacturer known for CLMBR and FORME brands, has released a shareholder update highlighting its 2025 strategic progress. The company has reaffirmed its pro forma guidance of over $50 million and announced an additional revenue deal exceeding $15 million that is expected to increase current guidance. The update includes details about M&A execution, institutional investor support, exclusive distribution agreements, and repeat sales performance.

Positive

• Secured additional $15M+ revenue deal expected to increase guidance
• Reaffirmed pro forma guidance of over $50M
• Successfully executing M&A strategy
• Obtained institutional investor backing
• Established exclusive distribution agreements
• Demonstrated strong repeat sales performance

Negative

• None.

Company Executes Against M&A Plan, Reiterates $50M+ Pro Forma Guidance, Additional $15M+ Revenue Deal that is expected to increase guidance; Institutional Investor Backing, Exclusive Distribution Agreements & Repeat Sales

AUSTIN, TEXAS / ACCESS Newswire / March 19, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today posted a shareholder update on its investor website detailing progress against its 2025 plan.

For more commentary, information and details of TRNR's strategy and the FAQ itself - as well as to sign up for direct updates, see the Company's investor website as well as its investor deck and required filings with the US Securities & Exchange Commission (SEC).

TRNR Investor Contact
ir@interactivestrength.com

TRNR Media Contact
forme@jacktaylorpr.com

About Interactive Strength Inc.:
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).

CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.

FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.

Forward-Looking Statements:
This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced transactions, the financial performance of those acquisitions and the resulting guidance of being accretive to earnings and more than $50m of pro forma revenue, or with respect to comments about future investment from this investor. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

FAQ

What is the projected revenue guidance for Interactive Strength (TRNR) in 2025?

TRNR has reiterated pro forma guidance of over $50 million, with an additional $15+ million revenue deal expected to increase this guidance.

What are the main brands under Interactive Strength's (TRNR) portfolio?

Interactive Strength operates two main brands: CLMBR and FORME, both focused on specialty fitness equipment.

What key business developments were announced in TRNR's March 2025 update?

The update highlighted M&A plan execution, institutional investor backing, exclusive distribution agreements, and successful repeat sales performance.

How can investors access detailed information about TRNR's 2025 strategy?

Investors can access detailed information through TRNR's investor website, investor deck, and SEC filings.