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Interactive Strength Inc. - $TRNR STOCK NEWS

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

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
FORME eyes sustainable growth through CLMBR acquisition, using a B2B/B2C multi-channel strategy to avoid mistakes of Peloton & other struggling connected fitness companies
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End-of-Day
-5.17%
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Rhea-AI Summary
FORME (TRNR) to acquire CLMBR, generating over $20 million in revenue in 2024
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End-of-Day
-3.97%
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Rhea-AI Summary
Goldman Small Cap Research has published a new research report on Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR). FORME has signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth. The potential acquisition will lead to a shift towards a more profitable B2B-led platform. The company's target price reflects a reasonable price/sales ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
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Rhea-AI Summary
Goldman Small Cap Research has published a new research report on FORME (NASDAQ:TRNR), stating that the company recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth. The report carries a price target. FORME operates a digital fitness platform that combines fitness hardware products with personal training and coaching. The potential acquisition is expected to lead to major revenue growth, accelerated profit, and a shift towards a more profitable B2B-led platform. The target price reflects a reasonable price/sales ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.5%
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Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) has entered into a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The combined company is projected to generate over $25 million in gross revenue in 2024 and become cashflow positive and adjusted EBITDA profitable by Q4 2024. The transaction is expected to close by Q4 2023.
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Rhea-AI Sentiment
End-of-Day
-7.09%
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Rhea-AI Summary
Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) reported a net loss of $13.6 million for Q2 2023, with a loss per diluted share of $1.02. Adjusted EBITDA was a $5.7 million loss, showing a $4.1 million improvement compared to Q2 2022. Average Annualized Recurring Revenue per Household was $1,570, more than three times higher than Q2 2022. FORME entered into a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business, with projected gross revenues of over $10 million in 2023 and over $25 million in 2024.
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Rhea-AI Sentiment
End-of-Day
-7.09%
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Rhea-AI Summary
Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) continues its expansion into the commercial market through a partnership with The Risher Companies, a leading fitness center consulting and equipment procurement firm. TRC distributes over 20 commercial brands of fitness equipment and is a top 10 national distributor for several major fitness equipment brands. This partnership allows FORME to bring its products and services to new properties and tenants around the country, strengthening multi-year subscription opportunities.
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-5.29%
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-12.07%
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-5.56%
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Interactive Strength Inc.

Nasdaq:TRNR

TRNR Rankings

TRNR Stock Data

3.40M
12.49M
18.77%
25.06%
0.84%
Sporting and Athletic Goods Manufacturing
Manufacturing
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United States of America
AUSTIN