Welcome to our dedicated page for F45 TRAINING HOLDINGS news (Ticker: FXLV), a resource for investors and traders seeking the latest updates and insights on F45 TRAINING HOLDINGS stock.
F45 Training Holdings Inc. (FXLV) is a rapidly expanding fitness network, renowned for its innovative approach to group training. Established in Australia, F45 offers a unique 'business in a box' model, catering to corporate professionals and personal trainers eager to unlock their true earning potential. The company was co-founded by Rob Deutsch and celebrity personal trainer Luke Istomin, who combined their expertise in business and fitness to create a scalable health and fitness franchise.
With its origins rooted in transforming athletes and celebrities, F45 has grown to become a leading global fitness brand. The company specializes in high-intensity interval training (HIIT), functional training, and circuit training, offering diverse and effective workout programs. F45's classes are designed to be efficient, engaging, and adaptable for all fitness levels, making it accessible and appealing to a broad audience.
In recent years, F45 has made significant strides in expanding its global footprint, establishing numerous franchises worldwide. The company’s business model provides franchisees with comprehensive support, including training, marketing resources, and operational guidance, ensuring consistent quality and brand integrity across all locations.
Financially, F45 Training Holdings Inc. has shown robust growth, driven by increasing demand for fitness solutions and the steady expansion of its franchise network. The company continues to innovate, introducing new workout programs, technological integrations, and strategic partnerships to enhance its offerings and maintain competitive advantage.
Currently, F45 is involved in several exciting projects, including collaborations with prominent fitness influencers, development of digital workout platforms, and community-driven health initiatives. These endeavors strengthen F45's position as a leader in the fitness industry and underscore its commitment to promoting healthy lifestyles worldwide.
F45 Training Holdings (NYSE: FXLV) has launched its first brand campaign, “No One Trains Alone,” aiming to build a community around fitness goals. The campaign, starting on
F45 Training Holdings Inc. (NYSE: FXLV) has been recognized as the 29th top franchise in Entrepreneur's Franchise 500 for 2023, moving up 13 spots from the previous year. This ranking highlights F45's unit growth, financial strength, and brand power. The Franchise 500 ranking evaluates franchises based on over 150 data points, emphasizing the importance of franchise opportunities. CEO Ben Coates credited the achievement to the hard work of their team and franchisees. For more details, visit Entrepreneur’s website.
F45 Training Holdings Inc. (FXLV) faces a securities class action lawsuit filed by Barrack, Rodos & Bacine on behalf of investors who purchased shares since its IPO. The complaint, filed in the Western District of Texas, alleges misstatements affecting shareholder interests. Following a significant reduction in financial guidance last July, which included a cut in studio openings and employee layoffs, F45's stock plummeted over 60%. Investors have until February 6, 2023, to seek appointment as lead plaintiff.
BioSteel Sports Nutrition Inc. has partnered with F45 Training Holdings Inc. (NYSE: FXLV) to become the exclusive hydration partner for F45 fitness studios globally. This collaboration will introduce BioSteel's Clean. Healthy. Hydration.™ products directly to F45 members, promoting a zero-sugar hydration routine. BioSteel drinks will be available in-studio, helping enhance the workout experience. The partnership emphasizes hydration's importance, aligning with F45's commitment to quality fitness. BioSteel aims to support health-conscious consumers and athletes through premium hydration solutions.
F45 Training Holdings Inc. (NYSE: FXLV) announced the resignation of CFO Chris Payne effective November 15, 2022, to handle personal matters in Australia. He will assist the company in an advisory role during the transition. Interim CEO Ben Coates praised Payne for his contributions, including his pivotal role in the 2021 IPO and the implementation of a financial strategy aimed at profitability. The company is commencing a search for a new CFO, emphasizing its capital-lite model and commitment to enhancing liquidity and cash flow generation.
Labaton Sucharow has initiated an investigation into F45 Training Holdings Inc. (FXLV) for potential violations of federal securities laws. The investigation follows a significant event on July 27, 2022, when F45's shares plummeted by 61.5% due to the announcement of the departure of CEO Adam Gilchrist, a 45% workforce reduction (approximately 110 layoffs), and a drastic cut in expected new franchises and studios for the year. Investors who have suffered losses are encouraged to reach out for assistance.
F45 Training Holdings (NYSE:FXLV) reported fiscal Q3 2022 results, showing a total revenue of $29.3 million, an 8% increase year-over-year. Despite a net loss of $60 million, Adjusted EBITDA was $6.1 million. The company achieved 84 Net Initial Studio Openings, raising the global total to 2,042 studios. System-wide sales increased 31% to $130.6 million. A Special Committee has been formed to evaluate a takeover proposal from Kennedy Lewis Investment Management at $4.00 per share.
Barrack, Rodos & Bacine is investigating F45 Training Holdings Inc. (NYSE:FXLV) for potential federal securities law violations. Following its IPO in July 2021, F45's financial guidance was drastically reduced from $255-$275 million to $120-$130 million a year later. The company also announced a 60% cut in new studio openings and layoffs of 110 employees, alongside the resignation of CEO Adam Gilchrist. This led to a 60% drop in F45's share price. Additionally, a lawsuit from athletes David Beckham and Greg Norman alleges preferential treatment for insiders amidst significant stock losses.
F45 Training Holdings Inc. (NYSE:FXLV) will report its third quarter fiscal 2022 financial results on November 14, 2022, after market close. The company will host a conference call at 4:30 p.m. ET on the same day, where analysts and investors can participate. The call will be accessible via the company's investor relations website or by phone. An online archive of the call will be available post-broadcast, ensuring stakeholders can review the information at their convenience.
Labaton Sucharow, an acclaimed shareholder rights law firm, is investigating F45 Training Holdings Inc. (NYSE:FXLV) for potential violations of federal securities laws. This follows a significant decline in share price of 61.5% after the announcement on July 27, 2022, regarding the departure of CEO Adam Gilchrist, a 45% workforce reduction (110 layoffs), and a notable decrease in new franchises expected in 2022. Shareholders who suffered losses are encouraged to participate in the investigation for potential recovery.
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