Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter & Year-End 2024 Results
Interactive Strength (TRNR) reported Q4 and full-year 2024 results, achieving quarterly revenue of $2.4 million and full-year revenue of $5.4 million. The company posted a Q4 net loss of $5.8 million ($7.26 per diluted share), improving from an $11.4 million loss ($3,214.88 per share) in Q4 2023.
Q4 adjusted EBITDA loss was $1.9 million, showing a 42% year-over-year and 19% sequential improvement. Stockholders' equity stood at $7.1 million at year-end. The company's pending acquisitions remain on track, with TRNR projecting over $50 million in pro forma revenue for 2025. The fitness equipment maker reported strengthened international distribution and sales network, contributing to organic revenue growth during the quarter.
Interactive Strength (TRNR) ha riportato i risultati del quarto trimestre e dell'intero anno 2024, raggiungendo un fatturato trimestrale di 2,4 milioni di dollari e un fatturato annuale di 5,4 milioni di dollari. L'azienda ha registrato una perdita netta nel Q4 di 5,8 milioni di dollari (7,26 dollari per azione diluita), migliorando rispetto a una perdita di 11,4 milioni di dollari (3.214,88 dollari per azione) nel Q4 2023.
La perdita di EBITDA rettificato nel Q4 è stata di 1,9 milioni di dollari, mostrando un miglioramento del 42% rispetto all'anno precedente e del 19% rispetto al trimestre precedente. Il patrimonio netto degli azionisti si è attestato a 7,1 milioni di dollari alla fine dell'anno. Le acquisizioni in sospeso dell'azienda sono in linea con le previsioni, con TRNR che prevede oltre 50 milioni di dollari di fatturato pro forma per il 2025. Il produttore di attrezzature per il fitness ha riportato un rafforzamento della distribuzione internazionale e della rete di vendite, contribuendo alla crescita del fatturato organico durante il trimestre.
Interactive Strength (TRNR) reportó los resultados del cuarto trimestre y del año completo 2024, alcanzando ingresos trimestrales de 2.4 millones de dólares y ingresos anuales de 5.4 millones de dólares. La compañía registró una pérdida neta en el Q4 de 5.8 millones de dólares (7.26 dólares por acción diluida), mejorando desde una pérdida de 11.4 millones de dólares (3,214.88 dólares por acción) en el Q4 2023.
La pérdida de EBITDA ajustada en el Q4 fue de 1.9 millones de dólares, mostrando una mejora del 42% interanual y del 19% secuencial. El patrimonio de los accionistas se situó en 7.1 millones de dólares al final del año. Las adquisiciones pendientes de la empresa siguen en camino, con TRNR proyectando más de 50 millones de dólares en ingresos pro forma para 2025. El fabricante de equipos de fitness reportó un fortalecimiento de la distribución internacional y la red de ventas, contribuyendo al crecimiento orgánico de los ingresos durante el trimestre.
Interactive Strength (TRNR)는 2024년 4분기 및 연간 실적을 발표하며, 분기 매출 240만 달러와 연간 매출 540만 달러를 달성했습니다. 회사는 4분기 순손실 580만 달러 (희석주당 7.26 달러)를 기록했으며, 이는 2023년 4분기 1140만 달러의 손실 (주당 3214.88 달러)에서 개선된 수치입니다.
4분기 조정 EBITDA 손실은 190만 달러로, 전년 대비 42% 및 전 분기 대비 19% 개선되었습니다. 연말 주주 자본은 710만 달러로 집계되었습니다. 회사의 보류 중인 인수는 순조롭게 진행되고 있으며, TRNR은 2025년을 위한 5000만 달러 이상의 프로 포마 매출을 예상하고 있습니다. 이 피트니스 장비 제조업체는 국제 유통 및 판매 네트워크가 강화되어 분기 동안 유기적 매출 성장에 기여했다고 보고했습니다.
Interactive Strength (TRNR) a annoncé les résultats du quatrième trimestre et de l'année complète 2024, atteignant un chiffre d'affaires trimestriel de 2,4 millions de dollars et un chiffre d'affaires annuel de 5,4 millions de dollars. L'entreprise a enregistré une perte nette au T4 de 5,8 millions de dollars (7,26 dollars par action diluée), s'améliorant par rapport à une perte de 11,4 millions de dollars (3.214,88 dollars par action) au T4 2023.
La perte d'EBITDA ajusté au T4 était de 1,9 million de dollars, montrant une amélioration de 42 % d'une année sur l'autre et de 19 % par rapport au trimestre précédent. Les capitaux propres des actionnaires s'élevaient à 7,1 millions de dollars à la fin de l'année. Les acquisitions en attente de l'entreprise avancent comme prévu, TRNR prévoyant plus de 50 millions de dollars de chiffre d'affaires pro forma pour 2025. Le fabricant d'équipements de fitness a signalé un renforcement de la distribution internationale et du réseau de vente, contribuant à la croissance organique des revenus durant le trimestre.
Interactive Strength (TRNR) hat die Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 veröffentlicht und einen Quartalsumsatz von 2,4 Millionen Dollar sowie einen Jahresumsatz von 5,4 Millionen Dollar erzielt. Das Unternehmen verzeichnete im Q4 einen Nettoverlust von 5,8 Millionen Dollar (7,26 Dollar pro verwässerter Aktie), was eine Verbesserung gegenüber einem Verlust von 11,4 Millionen Dollar (3.214,88 Dollar pro Aktie) im Q4 2023 darstellt.
Der bereinigte EBITDA-Verlust im Q4 betrug 1,9 Millionen Dollar, was eine Verbesserung um 42 % im Jahresvergleich und um 19 % im Vergleich zum Vorquartal zeigt. Das Eigenkapital der Aktionäre belief sich zum Jahresende auf 7,1 Millionen Dollar. Die ausstehenden Übernahmen des Unternehmens sind auf Kurs, wobei TRNR für 2025 mit über 50 Millionen Dollar an pro forma Umsatz rechnet. Der Hersteller von Fitnessgeräten berichtete von einer Stärkung des internationalen Vertriebs und des Verkaufsnetzes, was zum organischen Umsatzwachstum im Quartal beitrug.
- 42% YOY and 19% sequential improvement in adjusted EBITDA loss
- Net loss decreased significantly from $11.4M to $5.8M YOY
- Stockholders' equity of $7.1M strengthens listing stability
- Projected $50M+ pro forma revenue for 2025 through acquisitions
- Q4 net loss of $5.8M ($7.26 per diluted share)
- Adjusted EBITDA still negative at -$1.9M
Insights
Interactive Strength's Q4 results present a mixed financial picture with signs of operational improvement against a backdrop of continued losses. The company delivered
The
Most notably, TRNR's projection of
TRNR's Q4 results demonstrate a company in transition, executing a two-pronged strategy of operational optimization and aggressive external growth. The management has successfully delivered on revenue projections while simultaneously reducing operational losses, creating a more stable foundation for their ambitious acquisition strategy.
The company's focus on international distribution expansion represents a critical organic growth lever that complements their acquisition strategy. This dual approach—improving core operations while pursuing inorganic growth—follows a classic turnaround playbook for specialty fitness equipment makers operating in a challenging post-pandemic market.
However, the projected leap from
The stabilization of their Nasdaq listing through improved stockholders' equity provides a strategic advantage for potential equity-based acquisition financing, though the current market cap suggests investor skepticism about the transformation narrative. The coming quarters will be defining for TRNR as they attempt to evolve from a specialized fitness equipment maker into what appears to be a broader fitness platform through acquisition.
Company Delivers Quarterly Revenue of
Quarterly Net Loss and Earnings per Diluted Share of
Quarterly Adjusted EBITDA Loss of
Stockholders' Equity Was
Pending Acquisitions Remain on Track; TRNR Expects More than
AUSTIN, TX / ACCESS Newswire / March 31, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced its financial results for the fourth quarter and full-year of 2024.
The Company delivered on its projected quarterly revenue guidance of
Quarterly adjusted EBITDA, a non-GAAP financial measure, was a loss of
Trent Ward, CEO and Co-Founder of TRNR, said: "2024 ended on a high note with revenues growing as projected and losses shrinking - laying a strong foundation for execution against our acquisition strategy in 2025. We continued to improve our balance sheet and stockholders' equity, further stabilizing our listing. We also kept building our international distribution and sales network, driving organic revenue growth during the quarter. We will provide additional color on our strategy and performance in our second quarterly shareholder letter, which will be posted on our investor website, as well as our 10-K after market close today."
For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website as well as its investor deck and required filings with the US Securities & Exchange Commission (SEC).
TRNR Investor Contact
TRNR Media Contact
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 .
Channels for Disclosure of Information
In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.
Non-GAAP Financial Measures
In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance.
The Company's non-GAAP financial measure in this press release consist of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; loss on debt extinguishment; vendor settlements; transaction related expenses; and IPO readiness costs and expenses.
The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons:
Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired;
Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance; and
Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitate period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.
Our use of Adjusted EBITDA, or any other non-GAAP financial measures we may use in the future, is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools. Some of these limitations are, or may in the future be, as follows:
Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;
Adjusted EBITDA excludes stock-based compensation expense, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy;
Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us;
Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets;
Adjusted EBITDA does not reflect gains associated with debt extinguishments.
Adjusted EBITDA does not reflect gains associated with vendor settlements.
Adjusted EBITDA does not reflect non cash fair value gains (losses) on convertible notes, warrants and unrealized currency gains (losses).
Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. For example, the expenses and other items that we exclude in our calculation of Adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from Adjusted EBITDA when they report their operating results. Because companies in our industry may calculate such measures differently than we do, their usefulness as comparative measures is limited. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP.
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 acquiring future businesses or 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
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SOURCE: Interactive Strength Inc.
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FAQ
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