Interactive Strength Inc. (Nasdaq:TRNR) Secures Exclusive Distribution for CLMBR with PrimaFit in Fast-Growing Indonesia and Already Receives Second Order in Third Quarter
Interactive Strength Inc. (Nasdaq:TRNR), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, has secured exclusive distribution for CLMBR with PrimaFit in Indonesia. PrimaFit, the leading distributor of best-in-class brands in Indonesia, placed an initial order of 10 units in July and a second order of 22 units in September, totaling almost six figures.
Indonesia, a G20 country with high GDP growth, represents a significant market opportunity. A premium boutique operator is pioneering a boxing-driven circuit class focused on CLMBR. TRNR expects to sell to at least ten international distributors or key accounts this year, with the international sales opportunity potentially matching the US market in size.
The company recently announced CLMBR's compliance with European Union standards and will begin fulfilling European and UK orders immediately. TRNR anticipates a significant change in its revenue profile for the third quarter and has higher expectations for future growth as it accesses major fitness markets outside the United States.
Interactive Strength Inc. (Nasdaq:TRNR), produttore di attrezzature fitness specialistiche innovative con i marchi CLMBR e FORME, ha ottenuto la distribuzione esclusiva per CLMBR con PrimaFit in Indonesia. PrimaFit, il principale distributore di marchi di alta qualità in Indonesia, ha effettuato un ordine iniziale di 10 unità a luglio e un secondo ordine di 22 unità a settembre, per un totale di quasi sei cifre.
L'Indonesia, un paese del G20 con una forte crescita del PIL, rappresenta un'importante opportunità di mercato. Un operatore boutique di alta gamma sta creando una classe di circuito ispirata alla boxe, focalizzata su CLMBR. TRNR prevede di vendere a almeno dieci distributori internazionali o clienti chiave quest’anno, con l’opportunità di vendita internazionale che potrebbe uguagliare la dimensione del mercato statunitense.
L’azienda ha recentemente annunciato la conformità di CLMBR agli standard dell'Unione Europea e inizierà a evadere gli ordini per l'Europa e il Regno Unito immediatamente. TRNR prevede un cambiamento significativo nel suo profilo di fatturato per il terzo trimestre e ha aspettative più elevate per la crescita futura mentre accede ai principali mercati fitness al di fuori degli Stati Uniti.
Interactive Strength Inc. (Nasdaq:TRNR), fabricante de equipos de fitness especializados e innovadores bajo las marcas CLMBR y FORME, ha asegurado la distribución exclusiva de CLMBR con PrimaFit en Indonesia. PrimaFit, el principal distribuidor de marcas de alta calidad en Indonesia, realizó un pedido inicial de 10 unidades en julio y un segundo pedido de 22 unidades en septiembre, totalizando casi seis cifras.
Indonesia, un país del G20 con un alto crecimiento del PIB, representa una oportunidad de mercado significativa. Un operador boutique premium está liderando una clase de circuito impulsada por el boxeo centrada en CLMBR. TRNR espera vender a al menos diez distribuidores internacionales o cuentas clave este año, con la oportunidad de ventas internacionales que podría igualar el tamaño del mercado estadounidense.
La empresa anunció recientemente la conformidad de CLMBR con los estándares de la Unión Europea y comenzará a cumplir con los pedidos para Europa y el Reino Unido de inmediato. TRNR anticipa un cambio significativo en su perfil de ingresos para el tercer trimestre y tiene expectativas más altas para el crecimiento futuro al acceder a los principales mercados de fitness fuera de los Estados Unidos.
인터랙티브 스트렝스 Inc. (Nasdaq: TRNR), CLMBR 및 FORME 브랜드 아래 혁신적인 전문 피트니스 장비의 제조업체는 인도네시아의 프리마핏과 CLMBR의 독점 유통 계약을 체결했습니다. 프리마핏은 인도네시아 최고의 고급 브랜드 유통업체로, 7월에 10대를 최초 주문하고 9월에 22대를 추가로 주문하여 총 거의 6자리 수치에 달합니다.
인도네시아는 G20 국가로 고GDP 성장률을 보이며 중요한 시장 기회를 제공합니다. 프리미엄 부티크 운영자는 CLMBR에 초점을 맞춘 복싱 기반 서킷 클래스를 선도하고 있습니다. TRNR은 올해 최소 10개의 국제 유통업체 또는 주요 계정에 판매할 것으로 예상하며, 국제 판매 기회는 미국 시장 규모와 맞먹을 가능성이 있습니다.
회사는 최근 CLMBR이 유럽 연합 기준을 준수한다고 발표했으며 즉시 유럽 및 영국 주문을 이행할 것입니다. TRNR은 3분기 동안 수익 프로필에서 큰 변화를 예고하며, 미국 외 주요 피트니스 시장에 접근하면서 미래 성장에 대한 기대를 높이고 있습니다.
Interactive Strength Inc. (Nasdaq: TRNR), fabricant d'équipements de fitness spécialisés et innovants sous les marques CLMBR et FORME, a obtenu la distribution exclusive de CLMBR avec PrimaFit en Indonésie. PrimaFit, le principal distributeur de marques haut de gamme en Indonésie, a passé une première commande de 10 unités en juillet et une seconde commande de 22 unités en septembre, pour un total de près de six chiffres.
L'Indonésie, un pays du G20 avec une forte croissance du PIB, représente une opportunité de marché significative. Un opérateur boutique haut de gamme lance une classe de circuit axée sur la boxe centrée sur CLMBR. TRNR prévoit de vendre à au moins dix distributeurs internationaux ou comptes clés cette année, l'opportunité de vente internationale pouvant potentiellement égaler la taille du marché américain.
L'entreprise a récemment annoncé que CLMBR respectait les normes de l'Union européenne et qu'elle commencerait à exécuter les commandes pour l'Europe et le Royaume-Uni immédiatement. TRNR anticipe un changement significatif dans son profil de revenus pour le troisième trimestre et a des attentes plus élevées pour la croissance future en accédant aux principaux marchés du fitness en dehors des États-Unis.
Interactive Strength Inc. (Nasdaq: TRNR), Hersteller innovativer Spezial-Fitnessgeräte unter den Marken CLMBR und FORME, hat die exklusive Distribution für CLMBR mit PrimaFit in Indonesien gesichert. PrimaFit, der führende Distributor von Premium-Marken in Indonesien, platzierte im Juli eine Erstbestellung von 10 Einheiten und eine zweite Bestellung von 22 Einheiten im September, was insgesamt fast sechsstellige Beträge ausmacht.
Indonesien, ein G20-Land mit hohem BIP-Wachstum, bietet eine bedeutende Marktchance. Ein Premium-Boutique-Betreiber führt eine auf Boxen ausgerichtete Zirkelschulung ein, die sich auf CLMBR konzentriert. TRNR erwartet, in diesem Jahr an mindestens zehn internationale Distributoren oder Schlüsselkunden zu verkaufen, wobei die internationale Verkaufschance möglicherweise die Größe des US-Marktes erreichen könnte.
Das Unternehmen gab kürzlich bekannt, dass CLMBR den Standards der Europäischen Union entspricht, und wird die Aufträge für Europa und das Vereinigte Königreich sofort erfüllen. TRNR erwartet einen signifikanten Wandel in seinem Umsatzprofil für das dritte Quartal und hat höhere Erwartungen an das zukünftige Wachstum, da es auf große Fitnessmärkte außerhalb der Vereinigten Staaten zugreift.
- Secured exclusive distribution for CLMBR in Indonesia with PrimaFit
- Received two orders in Q3, totaling almost six figures
- Expanding into fast-growing Indonesian market, a G20 country
- CLMBR passed compliance tests for the European Union
- Expects to sell to at least ten international distributors or key accounts this year
- Anticipates significant change in revenue profile for Q3
- None.
Insights
The exclusive distribution deal with PrimaFit in Indonesia represents a strategic move for TRNR to expand its international presence. While the initial orders are modest, totaling nearly
The quick succession of orders - an initial 10 units followed by a larger 22-unit order - suggests strong initial reception and potential for scalability. However, investors should note that these figures, while promising, are still relatively small in the context of TRNR's overall business, given its
The company's goal of securing at least ten international distributors or key accounts this year, coupled with recent EU compliance approval, indicates a focused international growth strategy. This could diversify revenue streams and reduce dependence on the U.S. market. However, execution and scalability of these international efforts will be important to watch in upcoming quarters.
TRNR's entry into the Indonesian market through PrimaFit is a calculated move to tap into the Asia-Pacific fitness equipment market, which is projected to grow significantly. Indonesia's large population and rising middle class present a substantial opportunity for premium fitness products like CLMBR.
The partnership with PrimaFit, an established distributor of reputable fitness brands, lends credibility to TRNR's international expansion efforts. The quick follow-up order suggests positive market reception, though it's important to monitor if this trend continues and expands to other fitness centers and retail channels.
The mention of a premium boutique operator pioneering a CLMBR-focused class format is particularly interesting. If successful, this could drive demand for CLMBR units in the commercial sector and potentially influence consumer interest. However, the fitness industry is highly competitive and TRNR will need to differentiate itself to gain significant market share.
PrimaFit, based in Jakarta, is the leading distributor of best-in-class brands in Indonesia and will represent CLMBR exclusively
Indonesia is the largest economy in the region and is a G20 country with high GDP growth
PrimaFit received its initial order in July and placed a larger second order in September that combined is almost six-figures
AUSTIN, TX / ACCESSWIRE / September 26, 2024 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that, it has secured exclusive distribution and received two orders in the third quarter for CLMBR in the fast-growing Indonesia with PrimaFit, the leading distributor of best-in-class brands in the country.
Trent Ward, Co-Founder and CEO of TRNR, said: "Indonesia is a very fast-growing economy that is already in the G20 and is expected to continue to climb in world rankings of large economies. PrimaFit is the leader in the country and have done a great job for other brands such as LifeFitness, Woodway, TRX and StairMaster, and we are excited to partner with them."
"PrimaFit received an initial order of 10 units earlier in the third quarter and following on the success they had with those units, they already returned with a second order for 22 units this month, which is a fantastic sign of the potential for CLMBR in the country. One of the country's premium boutique operators is pioneering a boxing-driven circuit class focused on CLMBR and has high expectations for growing the format in Indonesia."
"We expect to sell to at least ten international distributors or key accounts this year," Mr. Ward continued, "and we believe the international sales opportunity will be similar in size to the opportunity in the US given countries like Indonesia. As we announced earlier this week, CLMBR passed compliance tests for the European Union and we will start fulfilling European and UK orders immediately, with expectations for additional countries to place orders in the fourth quarter."
"The third quarter results are expected to demonstrate a step-change in the revenue profile of the business and we have higher expectations for the future now that we are able to access some of the largest fitness markets outside of the United States for the first time," Mr. Ward concluded.
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About Prima Fitindo Jaya PT:
PrimaFit is Indonesia's leading supplier of world class fitness equipment and services. PrimaFit started in 1988 with an idea, and a vision - enjoyable fitness solutions for a health appearance and longevity. Out of this vision PrimaFit brought the world's finest brands of fitness equipment to Indonesia. After establishing market dominance in hotels, resort, apartment and commercial fitness clubs, PrimaFit expanded to change the Indonesian retail experience, bringing improved health, appearance and longevity to a wider audience.
The group has done this successfully through the network of Retail stores, as a Commercial supplier of premium brands with major gym chains like Celebrity Fitness and 5 star hotels, educational efforts at PrimaFit Academy, Fitness Clubs (LifeSpa Fitness), Crossfit Senayan - the famous fitness brand from USA, and also an online store okfitness.com. "Looking Better, Feeling Better and Living Longer" is a journey we are happy to follow together with the customers and clients - through our clubs,shops, home workouts, group activities and general education on fitness certification, and nutrition advice.
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 future international orders or demand for CLMBR's or the Company generating revenue from sales of CLMBR or the Company selling to additional countries or the macroeconomic outlook or GDP growth of Indonesia or its distributor there. 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.
SOURCE: Interactive Strength Inc.
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