Interactive Strength Inc. (Nasdaq:TRNR) Successfully Passes EU Compliance for CLMBR and will Start Fulfilling European and UK Orders Immediately
Interactive Strength Inc. (NASDAQ:TRNR), maker of CLMBR and FORME fitness equipment, has successfully passed EU compliance requirements for CLMBR, securing the mandatory CE marking. This achievement allows TRNR to begin fulfilling orders immediately from exclusive distributors in Germany, Switzerland, and Austria, opening up the entire European Union and United Kingdom markets for CLMBR sales.
CEO Trent Ward expressed pride in this milestone, noting that they have already received a large order from their German distributor and have key commercial pilots in the United Kingdom. The company expects distributors and key accounts from other countries to place orders now that CLMBR can be imported into the EU.
TRNR anticipates that third quarter results will show a significant increase in revenue compared to previous quarters, with higher expectations for the future as they can now access some of the largest fitness markets outside the United States.
Interactive Strength Inc. (NASDAQ:TRNR), produttore delle attrezzature fitness CLMBR e FORME, ha superato con successo i requisiti di conformità dell'UE per CLMBR, ottenendo il necessario marchio CE. Questo traguardo consente a TRNR di iniziare a evadere gli ordini immediatamente dai distributori esclusivi in Germania, Svizzera e Austria, aprendo l'intero mercato dell'Unione Europea e del Regno Unito per le vendite di CLMBR.
Il CEO Trent Ward ha espresso orgoglio per questo traguardo, notando che hanno già ricevuto un grande ordine dal loro distributore tedesco e hanno progetti commerciali chiave nel Regno Unito. L'azienda prevede che i distributori e i clienti chiave di altri paesi effettuino ordini ora che CLMBR può essere importato nell'UE.
TRNR si aspetta che I risultati del terzo trimestre mostrino un aumento significativo dei ricavi rispetto ai trimestri precedenti, con aspettative più elevate per il futuro ora che possono accedere ad alcuni dei più grandi mercati fitness al di fuori degli Stati Uniti.
Interactive Strength Inc. (NASDAQ:TRNR), fabricante del equipo de fitness CLMBR y FORME, ha superado con éxito los requisitos de conformidad de la UE para CLMBR, obteniendo la necesaria marca CE. Este logro permite a TRNR comenzar a cumplir pedidos de inmediato de distribuidores exclusivos en Alemania, Suiza y Austria, abriendo todo el mercado de la Unión Europea y del Reino Unido para las ventas de CLMBR.
El CEO Trent Ward expresó su orgullo por este hito, señalando que ya han recibido un gran pedido de su distribuidor alemán y tienen proyectos comerciales clave en el Reino Unido. La empresa espera que los distribuidores y las cuentas clave de otros países realicen pedidos ahora que CLMBR puede ser importado a la UE.
TRNR anticipa que los resultados del tercer trimestre mostrarán un aumento significativo en los ingresos en comparación con trimestres anteriores, con mayores expectativas para el futuro a medida que ahora pueden acceder a algunos de los mercados de fitness más grandes fuera de los Estados Unidos.
Interactive Strength Inc. (NASDAQ:TRNR), CLMBR 및 FORME 피트니스 장비의 제조업체는 EU 준수 요구사항을 성공적으로 통과했습니다 CLMBR에 대해 필수 CE 마크를 확보했습니다. 이 성과는 TRNR이 즉시 주문을 이행하기 시작할 수 있게 해줍니다 독일, 스위스, 오스트리아의 독점 유통업체들로부터. 이는 CLMBR 판매를 위해 유럽 연합과 영국의 전체 시장을 열어 줍니다.
CEO Trent Ward는 이 이정표에 대한 자부심을 표현하며, 이미 독일 배급업체로부터 대량 주문을 받았다고 언급하였고, 영국에서 주요 상업 파일럿을 진행 중입니다. 이 회사는 CLMBR이 EU로 수입될 수 있게 됨에 따라 다른 국가의 유통업체와 주요 계정들도 주문을 넣을 것으로 기대하고 있습니다.
TRNR은 3분기 결과가 전 분기 대비 상당한 수익 증가를 보여줄 것으로 예상합니다, 이제 미국 이외의 가장 큰 피트니스 시장에 접근할 수 있게 된 만큼 미래에 대한 기대감도 높습니다.
Interactive Strength Inc. (NASDAQ:TRNR), fabricant d'équipements de fitness CLMBR et FORME, a réussi à passer les exigences de conformité de l'UE pour CLMBR, obtenant ainsi le marquage CE obligatoire. Cette réussite permet à TRNR de commencer à satisfaire les commandes immédiatement de distributeurs exclusifs en Allemagne, en Suisse et en Autriche, ouvrant le marché entier de l'Union européenne et du Royaume-Uni pour les ventes de CLMBR.
Le PDG Trent Ward a exprimé sa fierté quant à cette étape, notant qu'ils ont déjà reçu une grande commande de leur distributeur allemand et ont des projets commerciaux clés au Royaume-Uni. L'entreprise s'attend à ce que des distributeurs et des comptes clés d'autres pays passent des commandes maintenant que CLMBR peut être importé dans l'UE.
TRNR anticipe que les résultats du troisième trimestre montreront une augmentation significative des revenus par rapport aux trimestres précédents, avec des attentes plus élevées pour l'avenir, car ils peuvent désormais accéder à certains des plus grands marchés du fitness en dehors des États-Unis.
Interactive Strength Inc. (NASDAQ:TRNR), Hersteller der Fitnessgeräte CLMBR und FORME, hat erfolgreich die EU-Konformitätsanforderungen erfüllt für CLMBR und das erforderliche CE-Zeichen erhalten. Dieser Erfolg ermöglicht es TRNR, sofort mit der Erfüllung von Bestellungen zu beginnen von exklusiven Vertriebspartnern in Deutschland, der Schweiz und Österreich, wodurch sich der gesamte Markt der Europäischen Union und des Vereinigten Königreichs für CLMBR-Verkäufe eröffnet.
CEO Trent Ward drückte seinen Stolz über diesen Meilenstein aus und wies darauf hin, dass bereits ein großes Auftragsvolumen von ihrem deutschen Distributor eingegangen sei und sie wichtige kommerzielle Pilotprojekte im Vereinigten Königreich haben. Das Unternehmen rechnet damit, dass Vertriebspartner und wichtige Kunden aus anderen Ländern Bestellungen aufgeben werden, jetzt, wo CLMBR in die EU importiert werden kann.
TRNR erwartet, dass die Ergebnisse des dritten Quartals einen signifikanten Anstieg der Einnahmen zeigen werden im Vergleich zu den vorherigen Quartalen und hat höhere Erwartungen für die Zukunft, da sie nun Zugang zu einigen der größten Fitnessmärkte außerhalb der Vereinigten Staaten haben.
- Obtained CE marking for CLMBR, allowing sales in the EU and UK markets
- Immediate fulfillment of orders from distributors in Germany, Switzerland, and Austria
- Received a large order from German distributor
- Key commercial pilots in the United Kingdom
- Expected significant increase in third quarter revenue
- None.
Insights
The EU compliance certification for CLMBR represents a significant market expansion for Interactive Strength Inc. (TRNR). This development opens up access to the entire European Union and UK markets, which include some of the largest fitness markets globally. Germany and the UK, in particular, are prime targets for growth.
The immediate fulfillment of existing orders from distributors in Germany, Switzerland and Austria indicates pent-up demand for CLMBR in these regions. This suggests potential for rapid market penetration and revenue growth in the short term. The CE marking also removes a major barrier for other EU countries to place orders, which could lead to a snowball effect in order volume.
The company's statement about a "step-change" in the revenue profile for Q3 hints at a substantial increase in sales. This, combined with the new market access, could significantly impact TRNR's financial performance and stock valuation in the coming quarters. Investors should watch for the actual Q3 results to gauge the magnitude of this impact and assess the company's execution in capitalizing on this opportunity.
The EU compliance certification for CLMBR is a positive catalyst for TRNR's financial outlook. Here's why:
- Immediate revenue boost: Fulfilling existing orders will contribute to Q3 revenues, which are expected to be "significantly higher" than previous quarters.
- Expanded addressable market: Access to the EU and UK markets substantially increases TRNR's potential customer base.
- Diversified revenue streams: International sales can help reduce dependency on the U.S. market and potentially improve overall financial stability.
- Competitive advantage: Being EU-compliant could give CLMBR an edge over competitors who haven't yet achieved this certification.
However, investors should consider:
- Potential increase in operating costs to support international expansion.
- Currency exchange risks with increased international sales.
- The need for sustained marketing efforts to capitalize on new market access.
Overall, this development suggests a positive trajectory for TRNR's revenue growth and market position, which could translate to improved financial performance and potentially higher stock valuations in the medium to long term.
Orders from Distributors in Germany, Switzerland and Austria will be fulfilled as soon as possible
Germany and the United Kingdom are two of the largest fitness markets globally
European Union compliance standards are some of the most stringent
Third quarter revenue will be significantly higher than previous quarters
AUSTIN, TX / ACCESSWIRE / September 24, 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 CLMBR has passed EU-wide compliance requirements, has secured the mandatory CE marking and will begin fulfilling orders immediately from exclusive distributors in Germany, Switzerland and Austria.
Trent Ward, Co-Founder and CEO of TRNR, said: "We are very proud of achieving this milestone as it opens up the entire European Union and United Kingdom for selling CLMBR. We already have a number of orders from exclusive distributors that we will begin to fulfill immediately. We expect that distributors and key accounts from other countries will place orders now that we have received the CE marking since they will be able to import CLMBR into the EU."
"We already have received a large order from our German distributor among others and we have a number of key commercial pilots in the United Kingdom, which could help us grow very quickly in the two largest fitness markets in Europe," Mr. Ward continued. "It is clear that there is global demand for CLMBR and our engineering team has been working hard on the EU certification since we acquired CLMBR earlier this year so that we will be able to take advantage of the international opportunity for CLMBR."
"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 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 CLMBRs or the Company generating revenue from sales of CLMBR in the third quarter, or that the third quarter revenue will be significantly higher than previous quarters or that the expectations for continued growth in the future will be higher. 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.
View the original press release on accesswire.com
FAQ
What compliance certification did CLMBR by Interactive Strength (TRNR) receive for the European market?
Which countries will Interactive Strength (TRNR) start fulfilling CLMBR orders for immediately?
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