Welcome to our dedicated page for Interactive Strength news (Ticker: TRNR), a resource for investors and traders seeking the latest updates and insights on Interactive Strength stock.
Interactive Strength Inc. (NASDAQ: TRNR), operating under the brand name FORME, is a leading provider of integrated home fitness solutions. The company offers an innovative platform for interactive wellness and strength-based training sessions, incorporating live virtual personal training and coaching. Its services extend to health coaching, covering nutrition, recovery, sleep, and other lifestyle categories.
Products and Services:
- FORME Studio: A fitness mirror delivering a dynamic at-home fitness experience through live virtual personal training and coaching.
- FORME Studio Lift: An advanced version of the fitness mirror which includes cable-based digital resistance for comprehensive workouts.
- CLMBR: A vertical climbing machine offering a full-body strength and cardio workout, available for both commercial and home use.
The company generates revenue through the sale of connected fitness products, membership subscriptions, and personal training sessions. FORME’s recent acquisition of CLMBR, the pioneering vertical climbing machine, is anticipated to significantly enhance its product line and accelerate its commercialization path through immediate scale across all business functions. The acquisition is expected to make FORME a high-growth, profitable platform with projected combined revenues exceeding $20 million in 2024.
Financial Performance:
In the third quarter of 2023, FORME reported a net loss of $10.4 million, reflecting a reduction from the $14.8 million loss in the same period of the previous year. The company continues to focus on decreasing operating expenses and driving operating efficiencies. In the fourth quarter of 2023, FORME reported a net loss of $11.4 million but noted significant improvements in expense control. The recent acquisition of CLMBR and strategic partnerships, such as the exclusive worldwide distribution agreement with WOODWAY, are expected to generate substantial revenue and aid in achieving financial stability and profitability by late 2024.
Partnerships and Distribution:
Interactive Strength Inc. has entered an exclusive worldwide distribution agreement with WOODWAY, a leading treadmill manufacturer. This partnership is expected to boost the company's market penetration and sales of CLMBR units globally. WOODWAY has already placed an initial order for 2,150 units, aimed at generating more than $7 million in net revenue for FORME in 2024.
Future Prospects:
The company’s strategic initiatives, including the acquisition of CLMBR and partnerships with industry leaders, position it well for future growth. FORME is expanding its footprint in commercial and residential markets, with plans to further penetrate international markets. The company is also focusing on financial stability by converting liabilities to equity and reducing operating expenses.
Based in Austin, Texas, Interactive Strength Inc. is committed to delivering innovative fitness solutions that enhance wellness and health outcomes for users worldwide.
Interactive Strength (NASDAQ:TRNR) has published a new FAQ section addressing shareholder inquiries about its recent acquisition agreement and updated financial projections. The company announced an ambitious pro forma revenue guidance of over $50M for 2025.
The maker of specialty fitness equipment under the CLMBR and FORME brands emphasized its commitment to frequent communication with shareholders regarding operational developments and addressing concerns about potential illegal short-selling activities.
The company will continue to announce material information through SEC filings, press releases, and its investor relations website at www.interactivestrengh.com, along with public conference calls and webcasts.
Interactive Strength (TRNR), maker of CLMBR and FORME fitness equipment, has released a new investor presentation detailing its binding agreement to acquire Sportstech, Germany's largest connected fitness and equipment business. The presentation outlines the company's growth strategy and highlights key aspects of the expected acquisition.
The combined company projects pro forma revenues exceeding $50M in 2025. The presentation also emphasizes Sportstech's EBITDA earn-out thresholds. Detailed information about the acquisition's rationale and structure is available in TRNR's investor presentation and SEC filings.
Interactive Strength Inc. (NASDAQ:TRNR), manufacturer of specialty fitness equipment under the CLMBR and FORME brands, provided a shareholder update following CEO Trent Ward's appearance at the 2025 Connected: Health & Fitness Summit. During a fireside chat, Ward, along with Ali Ahmad and Mohammed Iqbal, discussed industry tailwinds and opportunities in the fragmented health and wellness market. The company referenced additional details about an acquisition available through their investor website and SEC filings.
Interactive Strength (NASDAQ:TRNR) has signed a binding agreement to acquire Sportstech, Germany's largest connected fitness equipment company. The acquisition, expected to close by April 1, 2025, will create a scaled international operation in the US and German markets.
Key highlights of the deal:
- TRNR projects over $50M in revenue for 2025 and expects to achieve EBITDA profitability in H2 2025
- Sportstech has served nearly 3 million customers since 2012, achieving profitability without external capital
- The deal represents TRNR's second acquisition within 12 months
- The combined entity will leverage TRNR's Nasdaq listing and global presence to accelerate Sportstech's growth, particularly in the US market
The acquisition aligns with TRNR's strategy of building shareholder value through accretive acquisitions in the fragmented global health & wellness market.
Interactive Strength Inc. (NASDAQ: TRNR), manufacturer of CLMBR and FORME fitness equipment, announced its participation in the Connected Health & Fitness Summit in Los Angeles from February 11-13, 2025. During the event, CEO Trent Ward will engage in a fireside chat with Sweatworks' Mohammed Iqbal, where the company plans to discuss its 2025 strategic plans and provide updates on a potential acquisition initially disclosed in December 2024.
Interactive Strength (TRNR), maker of CLMBR and FORME fitness equipment, has secured $2.9 million in working capital through a senior secured convertible note agreement with an institutional investor. The note features a fixed conversion price above market rate and includes various warrants, with maturity set for January 2028.
The institutional investor expressed support for TRNR's M&A strategy, particularly regarding the company's previously announced Letter of Intent to acquire a $40 million connected fitness and exercise equipment business. TRNR reports making progress on finalizing this definitive agreement and notes that the new funding will support both this potential acquisition and other opportunities.
Interactive Strength Inc. (TRNR), a manufacturer of specialty fitness equipment under the CLMBR and FORME brands, has announced the release of a shareholder update for 2024 and outlook for 2025. The update has been made available on the company's investor website.
Interactive Strength (NASDAQ:TRNR) has secured an exclusive distribution agreement with Planet Fitness SAS for France and French Regions. The three-year agreement includes a minimum commitment of 162 CLMBR units, expected to generate over $0.5 million in revenue. The deal positions TRNR in France, which represents the second-largest fitness market in the European Union, through its CLMBR and FORME brands of specialty fitness equipment.
Interactive Strength (TRNR) has signed an exclusive non-binding letter of intent to acquire a connected-fitness equipment company with over $40 million in revenue and positive EBITDA. The transaction will be structured as 100% equity consideration and is expected to close as early as Q1 2025. This marks TRNR's second acquisition within 12 months, advancing its strategy of making accretive acquisitions in the global health & wellness market. The target company's complementary product and customer footprint will expand TRNR's equipment and brand range.
Interactive Strength Inc. (TRNR), maker of specialty fitness equipment under CLMBR and FORME brands, has announced its return to full compliance with Nasdaq's continued listing standards. The company received confirmation from Nasdaq Listings Qualifications that it has met the minimum bid price requirement of $1.00 under Rule 5550(a)(2). Additionally, TRNR has satisfied the requirement for Publicly Held Shares, maintaining over 500,000 shares with 625,067 shares outstanding as of their Q3 10-Q filing on November 14.
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