Interactive Strength Inc. (Nasdaq:TRNR) Provides Shareholder Update on 2025 Developments

Rhea-AI Summary

Interactive Strength (NASDAQ: TRNR), known for its CLMBR and FORME fitness equipment, has provided a positive shareholder update regarding its ongoing acquisitions of Sportstech and Wattbike. The company confirms both acquisitions are progressing within expected timelines.

Key highlights:

• Company reaffirms 2025 pro forma revenue projections exceeding $65M
• Plans to release positive update on Sportstech's Q1 2025 performance in May 2025
• Both acquisitions are on track for successful completion

Detailed information about the acquisition structure and rationale is available through TRNR's shareholder update, investor presentation, and SEC filings on the company's investor website.

Positive

• Both acquisitions (Sportstech and Wattbike) are on track to complete within standard timelines
• Company reaffirms 2025 pro forma revenue guidance of $65M+
• Sportstech showing strong Q1 2025 financial performance (update expected in May)

Negative

• None.

Insights

Financial Analyst

TRNR's acquisitions on track with reiterated $65M+ revenue guidance indicates solid execution of growth strategy despite cross-border complexity.

Interactive Strength's confirmation that its Sportstech and Wattbike acquisitions are progressing as planned represents a positive execution milestone. Cross-border acquisitions typically face regulatory hurdles and closing complexities, so this update provides reassurance about TRNR's ability to execute its growth strategy.

The company's decision to reiterate its $65M+ pro forma revenue guidance for 2025 suggests management maintains confidence in the financial outlook despite the complex integration process ahead. This consistency in forward guidance indicates the company hasn't encountered any material obstacles that might impair the expected financial benefits of these transactions.

Most notably, TRNR's announcement that it will provide a positive update on Sportstech's Q1 2025 performance in May hints at encouraging early results from at least one of the acquisition targets. This forward-looking statement suggests the acquisition targets are maintaining or potentially exceeding performance expectations during the pre-closing period, which can be a vulnerable time for target companies.

For TRNR, a specialty fitness equipment maker expanding beyond its CLMBR and FORME brands, these acquisitions represent significant strategic steps to scale its product portfolio and market presence. The update provides transparency to shareholders during a critical transformation period without revealing any signs of integration or closing complications.

Company Confirms Both Acquisitions are On Track and Progressing From Signing to Closing, Reiterates Guidance of $65M+ Pro Forma Revenues

TRNR to Provide Positive Update on Sporstech Q1 2025 Performance in May 2025

AUSTIN, TX / ACCESS Newswire / April 30, 2025 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today provided an update to its shareholders. The Company confirmed both its acquisitions are on track to complete successfully and well within standard cross-border deal closing timelines. TRNR also reiterated its 2025 pro forma revenue expectations of more than $65M, and noted that it expects to provide shareholders with an update on Sportstech's strong financial performance so far this year.

For more commentary, information and details on the rationale for and structure of the expected acquisition, please see TRNR's shareholder update and investor presentation on the Company's investor website as well as its required filings with the US Securities & Exchange Commission (SEC).

TRNR Investor Contact

ir@interactivestrength.com

TRNR Media Contact

john@sintercompany.com

About Interactive Strength Inc.:

Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol: TRNR).

CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.

FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.

Forward Looking Statements:

This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of completing the referenced pending transactions in a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $65m of pro forma revenue in 2025, or that the Sportstech performance in Q1 quill be positive or announced. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

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SOURCE: Interactive Strength Inc.

View the original press release on ACCESS Newswire

FAQ

What is Interactive Strength's (TRNR) revenue guidance for 2025?

Interactive Strength (TRNR) has reiterated its 2025 pro forma revenue expectations of more than $65 million, following its pending acquisitions of Sportstech and Wattbike.

Which companies is TRNR acquiring in 2025?

TRNR is in the process of acquiring two companies: Sportstech and Wattbike. Both acquisitions are reported to be progressing well and on track to complete within standard cross-border deal timelines.

When will TRNR release Sportstech's Q1 2025 performance update?

TRNR has announced it will provide shareholders with an update on Sportstech's Q1 2025 performance in May 2025, with expectations of strong financial results.

What fitness equipment brands does Interactive Strength (TRNR) own?

Interactive Strength (TRNR) makes specialty fitness equipment under two main brands: CLMBR and FORME.

Are TRNR's 2025 acquisitions on schedule?

Yes, TRNR has confirmed that both acquisitions are progressing on track and are expected to complete successfully within standard cross-border deal closing timelines.