BowFlex Inc. - NLS STOCK NEWS

Nautilus reported a strong fiscal Q1 2022, with net sales reaching $184.6 million, a 61.7% increase year-over-year. The gross profit was $55.5 million with margins at 30.1%, impacted by inflation and higher transportation costs. Operating income improved to $17.9 million, marking a significant turnaround from a loss last year. Net income was $13.9 million, or $0.43 per diluted share. The company also expanded its connected fitness offerings and formed a strategic partnership with FitOn to enhance the JRNY® platform.

Nautilus, Inc. (NYSE: NLS) has partnered with FitOn to enhance the JRNY® digital fitness platform, offering members access to hundreds of off-product workouts at no extra cost. This integration, a first for FitOn’s content with third-party devices, aims to improve member engagement by providing diverse workout options, such as cardio and yoga, all tracked seamlessly. The JRNY platform utilizes machine learning to personalize fitness experiences. A membership costs $19.99/month or $149/year after a six-month trial.

Nautilus, Inc. (NYSE: NLS) has appointed Alan Chan as Chief Legal Officer, effective August 2. Chan brings over 20 years of experience in legal affairs, particularly in supply chain and intellectual property. He previously served at Arrow Electronics, managing global legal initiatives. Additionally, Sarah Jones, the former corporate controller, has been promoted to Principal Accounting Officer. Jones will expand her role in risk management and enhance communication with the Board. CEO Jim Barr highlighted that these appointments aim to strengthen the company's leadership as it pursues long-term growth strategies.

Nautilus, Inc. (NYSE:NLS) will report its financial results for Q1 ended June 30, 2021, on August 9, 2021, after market close. A conference call to discuss these results is set for 1:30 PM PT (4:30 PM ET) on the same day. Investors can join the call by dialing (877) 425-9470 or (201) 389-0878 for international calls. Presentation slides will be available during the call and can be accessed via Nautilus' website. A replay of the call will be offered for six months on the website and for two weeks via phone.

Nautilus, Inc. (NYSE: NLS) announced that CEO Jim Barr and CFO Aina Konold will attend two virtual investor conferences. On June 2, 2021, they will participate in one-on-one and small group meetings at the Craig-Hallum 18th Annual Institutional Investor Conference. On June 3, 2021, they will take part in a fireside chat at the William Blair 41st Annual Growth Stock Conference at 12:00 pm PT, along with additional virtual meetings. Nautilus, based in Vancouver, Washington, offers fitness solutions under well-known brands including Bowflex® and Schwinn®.

Nautilus reported a record-breaking net sales of $206.1 million for the Transition Period ending March 31, 2021, up 119.9% year-over-year. This growth was fueled by the demand for connected fitness bikes and treadmills, as well as SelectTech weights. Gross profit increased by 122.2% to $79.1 million, with an operating income of $39.7 million. The company's international business saw a 340% revenue growth, and net income was $30.4 million. Management emphasized their focus on digital transformation and the goal of enhancing membership on their JRNY platform.

Nautilus, Inc. (NYSE: NLS) announced that it will report financial results for the transition period from January 1, 2021, to March 31, 2021, on May 10, 2021. This follows a fiscal year change approved by the Board of Directors, moving the fiscal year-end to better align with the retail partners and to include the primary fitness season from October to March. A management-hosted conference call will follow the financial results announcement.

Nautilus's Bowflex brand and Tuff Shed have launched a joint giveaway celebrating National Public Health Week (April 5-11). The contest offers the ultimate home gym package, including a Tuff Shed Premier PRO Series building and various Bowflex fitness equipment such as the VeloCore bike and T22 treadmill, alongside a one-year JRNY digital platform membership. According to a YouGov survey, 73% of U.S. fitness consumers have shifted to working out at home since COVID, showing a trend that highlights the growing interest in home gym setups.

Nautilus, Inc. (NYSE: NLS) has appointed John Goelz as Chief Supply Chain Officer to enhance its global supply chain operations. Goelz brings 15 years of experience, having previously served as VP of global supply chain for Master Lock. His role will focus on optimizing cost management and accelerating product delivery, crucial for Nautilus' ambitious growth plans. CEO Jim Barr emphasized Goelz's expertise in transforming the supply chain into a competitive advantage. Goelz has a passion for fitness and aims to support customer fitness journeys.