Welcome to our dedicated page for BowFlex news (Ticker: NLS), a resource for investors and traders seeking the latest updates and insights on BowFlex stock.
BowFlex Inc. (NLS) delivers innovative home fitness solutions through its patented equipment and smart technology integration. This news hub provides investors and enthusiasts with timely updates on the company's market position, product developments, and financial health.
Key updates include earnings reports from parent company Nautilus Inc., new product launches like the Max Trainer series, and strategic partnerships enhancing digital fitness capabilities. Track announcements about space-efficient home gym systems and app-connected workout platforms that define BowFlex's market leadership.
Discover official press releases covering corporate milestones, technology patents, and retail expansions. Our curated feed ensures access to primary sources for informed analysis of BowFlex's performance in the competitive fitness equipment sector.
Bookmark this page for verified updates on NLS stock developments and operational advancements. Check regularly for insights into BowFlex's research initiatives and consumer-focused innovation strategies.
Nautilus, Inc. (NYSE: NLS) reported Q3 FY2023 results, showing net sales of $98.1M, a 33.4% decline from $147.3M year-over-year, but a 9% increase compared to pre-pandemic Q3 FY2020. The Direct Segment achieved $46.7M in sales, up 30% from FY2020. Gross margins improved by 300 basis points year-over-year, reaching 23.3%. Adjusted EBITDA loss decreased by 67% versus last year. Nautilus initiated $30M in cost reductions and reduced its workforce by 15% to address retail headwinds. JRNY® membership grew by 88% year-over-year, with approximately 450K total members.
Nautilus, Inc. (NYSE: NLS) will announce its fiscal third quarter results for the period ending December 31, 2022, on February 9, 2023, after market close. The management will follow up with a conference call at 1:30 PM PT (4:30 PM ET) on the same day to discuss the results. Interested parties can access the call by phone or through a webcast, with presentation slides available for download. Nautilus is recognized for its connected home fitness solutions, featuring brands like Bowflex and Schwinn. The company emphasizes personalized fitness experiences and has a broad consumer reach both online and through retail partners.
Nautilus (NYSE:NLS) is enhancing its JRNY® app with a new Motion Tracking feature aimed at boosting user engagement with health and fitness goals. This innovative addition allows real-time coaching through an Android or iOS tablet, offering features such as rep counting and personalized workout recommendations. CEO Jim Barr emphasizes that these enhancements leverage proprietary technology from the VAY acquisition, positioning Bowflex as a leader in strength training. New members will enjoy a complimentary one-year JRNY membership, costing $19.99 per month or $149 annually after the trial.
Nautilus, Inc. (NYSE: NLS) has announced an amendment to its credit facility by refinancing a $15 million term loan into a new $30 million term loan, raising the total credit facility to $130 million. This includes a $100 million asset-based revolver from Wells Fargo Bank. The New Term Loan, provided by SLR Credit Solutions, matures on October 29, 2026. The company aims to use these funds for business improvements and growth initiatives, facilitating their strategy and operations without immediate debt maturities.
Nautilus, Inc. reported Q2 fiscal 2023 results with net sales of $65.5M, a decrease of 52.6% from last year but 24% higher than the pre-pandemic period. Direct segment sales rose 51% versus Q2 fiscal 2020, while the JRNY® fitness platform reached about 400,000 members, growing 116% year-over-year. Gross profit margins fell to 17.5%, impacting overall profit, with a net loss of $13.2M, or $0.41 per diluted share. The company adjusted its full-year guidance, expecting growth in the second half of the fiscal year, despite challenges in the retail sector.
Nautilus Inc. (NYSE:NLS) has launched the Schwinn® 190 Upright and Schwinn® 290 Recumbent Bikes, designed for home fitness enthusiasts. Both models feature connectivity to the JRNY® adaptive fitness platform, Terrain Control Technology, and ergonomic designs to accommodate various fitness levels. With prices set at $899 and $999 respectively, they aim to provide quality at an affordable cost. A survey shows 62% of U.S. adults are committed to home workouts, reflecting a shift in consumer behavior towards at-home fitness solutions.
Nautilus, Inc. (NYSE: NLS) will announce its fiscal second-quarter financial results for the period ending September 30, 2022, on November 9, 2022, after market close. A management conference call will follow at 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss the results. The call can be accessed via designated phone numbers for both North America and international participants. A replay of the webcast will be available for six months on the company’s website, with a two-week telephonic playback option.
Nautilus, Inc. (NYSE: NLS) has initiated a comprehensive review of strategic alternatives, which may include a potential sale of the company. This move aims to enhance shareholder value and accelerate its North Star digital transformation plan. With over 360,000 members on its JRNY® fitness platform as of June 30, 2022, the company is well-positioned for growth. Evercore has been engaged as a financial advisor to assist in this process, although no timetable for completion has been established.
