F45 Training Hldgs Inc Stock Price, News & Analysis

F45 Training Holdings has faced significant challenges post-IPO, with a drastic cut in financial guidance from $255-$275 million to $120-$130 million. The company plans to open only 350-450 studios instead of the promised 1,000, and a $250 million credit line will not be available. Additionally, F45 announced layoffs of about 110 employees and the resignation of CEO Adam Gilchrist. Following these disclosures, the stock saw a plunge of over 60%, currently trading around $2.00, marking an over 80% decline from its IPO price.

F45 Training Holdings Inc. (NYSE:FXLV) will announce its Q2 fiscal 2022 financial results on August 15, 2022, after market close. A conference call for analysts and investors will follow at 4:30 p.m. Eastern Time. The call will be accessible via the Company’s investor relations website or by phone. An online archive and telephone replay of the call will be available for those unable to attend live. F45 focuses on delivering engaging 45-minute workouts.

F45 Training Holdings Inc. (NYSE: FXLV) has announced a strategic reorganization and a CEO transition to align with current economic conditions. Founder Adam J. Gilchrist has stepped down, and interim CEO Ben Coates will lead until a permanent successor is appointed. The company has initiated a cost reduction plan, cutting approximately 110 employees, and expects SG&A expenses to drop by 40%-50%. Revised guidance for 2022 indicates a significant decrease in net franchises sold and initial studio openings, and revenue projections have been lowered from $255-$275 million to $120-$130 million.

F45 Training Holdings Inc. has partnered with the International Sports Science Association (ISSA) and Onfit Training College to provide preferred pricing for personal training certifications to its franchisees in the U.S. and Australia. This initiative aims to improve access to high-quality trainers, essential for franchise success. The ISSA has trained over 475,000 students globally, and preferred pricing will apply to various courses. Additionally, ISSA will assist F45 in hiring certified trainers through its job board and offer scholarships for certifications.

F45 Training Holdings Inc. (NYSE: FXLV) has launched a corporate partnership program allowing organizations to open F45 studios within their offices, providing employees direct access to fitness classes. Northrop Grumman is among the first participants. CEO Adam J. Gilchrist emphasized the program's potential for growth, aiming to enhance employee health and wellness initiatives. This move is expected to attract more businesses seeking to improve their offerings and recruit talent by prioritizing employee wellbeing.

F45 Training Holdings (NYSE: FXLV) has announced its first fitness studio within a hotel, located at the Hilton Austin. Slated to open this fall, the studio will occupy 1,236 square feet, providing high-intensity circuit-based workouts. This move marks a significant step for F45's new Clubs & Hotels business unit and aims to enhance guest experiences. The partnership allows guests and local attendees to access workouts with discounts for Hilton Honors members and F45 members, showcasing F45's expansion strategy into the hospitality sector.

F45 Training Holdings (NYSE:FXLV) reported robust financial results for Q1 2022, with total revenue surpassing $50 million, a 175% increase from the prior year. Adjusted EBITDA surged by 235% to $17.7 million. The company sold 706 new franchises, raising its full-year target to 1,500. It reaffirmed guidance for 1,000 studio openings and introduced expected free cash flow between $50 million and $60 million. CEO Gilchrist highlighted new financing facilities totaling $250 million for franchisees, underscoring F45's strong demand and recovery post-COVID.

F45 Training Holdings Inc. (NYSE:FXLV) announced a strategic financing facility with Fortress Credit Corp., providing up to $300 million for franchisees to develop new studios across the U.S. This debt financing aims to support growth and enhance access to capital for franchisees post-pandemic. The initiative reflects F45's commitment to innovation in the fitness industry, allowing streamlined capital sourcing for franchisees. Starting Q2 2022, eligible franchisees can apply for this financing to expand F45's footprint in the U.S., bolstering the company's economic model.