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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) reported a remarkable financial performance for Q4 and the fiscal year ending December 31, 2021. Revenue surged by 242% year-over-year to $61.8 million in Q4 and by 63% to $134.0 million for the fiscal year. Adjusted EBITDA rose 376% to $25.9 million in Q4 and 104% to $52.0 million annually. Despite a net loss of $182.7 million for the year, the company achieved a record in franchise sales and openings, with over 1,000 franchises sold and 312 studios opened. Looking ahead, F45 aims to sell approximately 1,000 new franchises and generate revenue between $255 million and $275 million in 2022.
F45 Training Holdings Inc. (NYSE:FXLV) will announce its fourth quarter and fiscal 2021 financial results before market open on March 14, 2022. A conference call for analysts and investors is scheduled for 8:30 a.m. ET on the same day, accessible via the investor relations website. F45 specializes in community-driven, functional workouts, utilizing advanced technology to provide a varied workout experience. Investors can access a replay of the call starting from 10:30 a.m. ET on the announcement day through March 21, 2022.
F45 Training Holdings (NYSE:FXLV) announced an increase in its equipment world pack deliveries for 2022, securing approximately 1,200 packs to meet global franchisee demand. President and CEO Adam J. Gilchrist stated that this reflects the company's ability to exceed growth expectations and ensure sufficient supply for new studios. The company aims to maintain its position as the fastest growing franchisor in boutique fitness, highlighting its capital-light business model and strong balance sheet.
F45 Training Holdings Inc. (NYSE:FXLV) has appointed Gunnar Peterson as Chief of Athletics, a significant move aimed at enhancing its fitness offerings. Peterson, a renowned trainer with a history of working with elite athletes and celebrities, will collaborate with F45's expert team to innovate workout programs. This comes as F45 seeks to maintain its position as a leader in the fitness industry, leveraging its technology-driven approach and extensive training content. Peterson's exclusive workout will launch in April 2022, aiming to benefit F45's global community.
F45 Training Holdings Inc. (NYSE:FXLV) has updated its revenue guidance for fiscal 2021, expecting total revenue between
F45 Training Holdings Inc. (NYSE:FXLV), recognized as the fastest growing fitness franchisor by Entrepreneur, will participate in the 24th Annual ICR Conference via a fireside chat on
F45 Training Holdings Inc. (NYSE:FXLV) has announced a partnership with Concert Golf Partners to establish F45 studios within private golf clubs across the U.S. The initiative aims to enhance member fitness experiences. The first studio is set to launch at Indian Spring Country Club in Boynton Beach, Florida. F45's President Adam J. Gilchrist emphasized the opportunity to expand its market presence through this collaboration, which caters to health and wellness goals for members in a familiar environment.
F45 Training Holdings Inc. (NYSE:FXLV) has announced a partnership with Swoop Funding to provide its franchisees access to tailored financing solutions. This partnership aims to help both new and existing franchise owners secure funding from a network of pre-selected lenders. Initially launching in Australia, Canada, Ireland, and the United Kingdom, the partnership is designed to ease financial burdens and support franchisees in starting and expanding their fitness studios.
F45 Training Holdings (NYSE:FXLV) reported a 24% revenue increase to $27.2 million for Q3 2021, boosted by a 32% rise in franchise revenue. Studio visits surged, with same-store sales up 67% in the U.S. Despite this, the company recorded a net loss of $130.2 million due to increased SG&A expenses related to stock-based compensation and higher interest expenses. Cash and cash equivalents improved to $52.6 million, with no debt. F45 increased its guidance for new franchise sales and studio openings for 2021, expecting full-year revenue between $132 million and $137 million.
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