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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.
F45 Training Holdings (NYSE:FXLV) has announced its acquisition of Vive Active, a profitable Australian fitness company known for its innovative Pilates offerings. This acquisition aims to enhance F45's portfolio by integrating Vive's in-studio and at-home streaming services. The deal, funded by F45's cash reserves, is expected to close in Q4 2023 and includes plans for expanding Vive’s reach in the United States and beyond. F45 has already secured a multi-unit franchise commitment to accelerate Vive's growth.
OneSpaWorld (NASDAQ: OSW) has announced a pioneering collaboration with F45 Training Holdings Inc. (NYSE: FXLV) to offer F45 studios and classes on select Celebrity Cruises ships. This multi-year agreement aims to reach the 30 million cruise passengers annually, expanding F45's fitness offerings. The first studio was launched on the Celebrity Apex, emphasizing the companies' commitment to enhancing cruise guests' fitness experiences. This partnership aligns with OneSpaWorld's strategy to innovate in health and wellness services.
F45 Training Holdings Inc. (NYSE:FXLV) has launched a pioneering partnership with Royal Caribbean, marking the first collaboration of its kind between a boutique fitness operator and a major cruise line. This multi-year agreement will introduce F45's 45-minute functional training classes aboard Royal Caribbean's luxury ships, starting with the Celebrity Apex. F45 aims to expand its reach to over 30 million cruise passengers annually while aligning with previous initiatives with the U.S. Military and esteemed universities.
F45 Training Holdings Inc. (NYSE: FXLV) will announce its Third Quarter Fiscal 2021 results on November 12, 2021, prior to the market opening. A conference call will take place at 8:30 A.M. Eastern for analysts and investors to discuss the results. Interested parties can access the call via the Company’s investor relations website or by phone. F45 specializes in innovative 45-minute functional workouts, employing proprietary technology to offer diverse training experiences across its global locations.
F45 Training Holdings (NYSE:FXLV) reported strong fiscal Q2 results for the period ending June 30, 2021. Total revenue rose 54% to $26.8 million, with franchise revenue up 71% to $20.6 million. The company sold 554 new franchises and opened 68 new studios, showcasing significant growth. However, net loss was $30.5 million, contrasting with a net income of $5.9 million in the prior year. Adjusted EBITDA slightly improved to $10.7 million. The company anticipates full-year revenue between $132 million and $137 million, with new franchise openings expected to range from 220 to 260.