Interactive Strength Inc

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Interactive Strength, Inc. engages in the development and sale of an at-home fitness technology platform. It offers Forme, a digital fitness service that combines fitness hardware products with personal training and coaching services. It operates under the following geographical segments: the United States, the United Kingdom, and Taiwan. The company was founded by Trent A. Ward and Ben Bartlett on May 8, 2017 and is headquartered in Austin, TX.

AUSTIN, TEXAS / ACCESSWIRE / December 23, 2024 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced it had issued a shareholder update for 2024, and look ahead for 2025, available on the Company's investor website. TRNR Investor Contact ir@interactivestrength.com TRNR Media Contact forme@jacktaylorpr.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. (Nasdaq: TRNR) Issues Year-End Update, Looks Ahead to 2025

Three-Year Agreement Expected to Generate more than $0.5million in Revenue, and Covers France and French Regions France is the Second-Largest Fitness Market in the EU AUSTIN, TX / ACCESSWIRE / December 18, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced it secured exclusive distribution in Metropolitan France and French Regions with French training and equipment brand Planet Fitness SAS. The three-year agreement also includes a minimum commitment of 162 CLMBR units, which is expected to generate more than $0.5 million in revenue.

Interactive Strength Inc. (Nasdaq:TRNR) Secures 162 Unit CLMBR Commitment and Signs Exclusive Distribution Agreement With Planet Fitness SAS for France

Exclusive Non-Binding Letter of Intent signed with Target that has more than $40 million in revenue and positive EBITDA in 100% equity consideration transaction Acquisition is expected to be TRNR's second transaction within 12 Months Advances strategy of using public listing to make accretive acquisitions of profitable and high-growth businesses in the highly fragmented health & wellness market globally Target's complementary product and customer footprint Expands TRNR's range of equipment and brands AUSTIN, TX / ACCESSWIRE / December 12, 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 the Company has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The proposed transaction is expected to close as early as the first quarter of 2025 and be accretive to TRNR's financial results.

Interactive Strength Inc. (Nasdaq:TRNR) Signs Exclusive Letter of Intent to Acquire Scaled and Profitable, Connected-Fitness Equipment Business

AUSTIN, TX / ACCESSWIRE / December 10, 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 the Company received a letter from the Staff at Nasdaq Listings Qualifications stating that the Company has regained compliance with Listing Rule 5550(a)(2), which specifies rules regarding a minimum bid price of $1.00. Trent Ward, Co-Founder and CEO of TRNR, said: "We are now in full compliance with Nasdaq continuing listing standards after receiving this most recent letter about bid price, which follows the compliance letter regarding Stockholder's Equity from a couple weeks ago.

Interactive Strength Inc. (Nasdaq:TRNR) Regains Full Compliance With Nasdaq Continued Listing Standards

AUSTIN, TX / ACCESSWIRE / November 27, 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 the Company received a letter confirming demonstrated compliance with Listing Rule 5550(b)(1) of The Nasdaq Stock Market, which successfully concludes the Hearings Panel appeal process that began in May. Trent Ward, Co-Founder and CEO of TRNR, said: "We are excited to receive the confirmation that the Company demonstrated compliance with the Equity Rule and are very appreciative that the Hearings Panel agreed in August with our potential to regain compliance with the Equity Rule.

Interactive Strength Inc. (Nasdaq:TRNR) Successfully Concludes Hearings Panel Appeal and Confirms Demonstrated Compliance Letter for Continued Nasdaq Listing

The Board of Directors approved a maximum cumulative Bitcoin purchase of up to $5 million The Company plans to accept payment in digital currencies AUSTIN, TX / ACCESSWIRE / November 21, 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 the Company's Board of Directors approved the purchase of up to $5 million in Bitcoin as limited by 25% of the Company's average daily cash holdings over the three preceding calendar months. Trent Ward, Co-Founder and CEO of TRNR, said: "As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset.

Interactive Strength Inc. (Nasdaq: TRNR) Board of Directors Approves Bitcoin as Treasury Reserve Asset

Armah Sports Group is a leading operator in Saudi Arabia, with twelve locations across two brands and additional concepts in development CLMBRs are being installed in three of Armah Sports Group's B_FIT nine locations, with a further roll out being planned in the portfolio The Saudi Arabia fitness market has doubled since 2017 and is expected to double again by 2027 AUSTIN, TX / ACCESSWIRE / November 19, 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, Armah Sports Group's B_FIT is installing CLMBRs across three of the brand's nine locations in Saudi Arabia. Trent Ward, Co-Founder and CEO of TRNR, said: "Armah Sports Group and the Al Hagbani family are pioneers of the fitness market in Saudi Arabia, and we are honored that that they have selected to install CLMBRs in key B_FIT locations.

Interactive Strength Inc. (Nasdaq:TRNR) Drives CLMBR Growth in Saudi Arabia With Multiple Installations Across Armah Sports Group's B_FIT brand

The Atheltic Business Show features Military and College/High School buyers, which represent some of the biggest customer segments in the fitness equipment industry CLMBR has made strong inroads into Military and College/High School, with numerous installations and pilots so far this year AUSTIN, TX / ACCESSWIRE / November 18, 2024 / Interactive Strength Inc. (NASDDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that the Company will be exhibiting CLMBR to focus on Military and College/High School accounts at the Athletic Business Show on November 19-22 in New Orleans, Louisiana. Trent Ward, Co-Founder and CEO of TRNR, said: "The Athletic Business Show is the key annual event for buyers from Military and College/High school customers.

Interactive Strength Inc. (Nasdaq:TRNR) Expands CLMBR's Presence with Military and College Accounts by Exhibiting at the Athletic Business Show on November 19-22

Net Loss and Earnings per Diluted Share of $7.1 million and $1.53 Adjusted EBITDA was a $2.3 million loss, a $1.0 million improvement versus third quarter of 2023 The Company achieved third quarter revenue guidance of $2.0 million, a growth of 325% versus second quarter of 2024 The Company expects to generate $2.4 million in revenue in the fourth quarter of 2024 Stockholders' Equity was $5.8 million at the end of the third quarter of 2024 AUSTIN, TX / ACCESSWIRE / November 14, 2024 / 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 third quarter of 2024. The Company incurred a net loss of $7.1 million for the third quarter of 2024, or a loss of $1.53 per diluted share, as compared with a net loss of $10.4 million, or a loss of $29.35 per diluted share for the same period in 2023.

Interactive Strength Inc. (Nasdaq:TRNR) Reports Third Quarter 2024 Results

Split Becomes Effective Monday, November 11, 2024 Shareholder- and Board-Approved Action Reduces Shares Outstanding to 313,235 from 31 Million, Ensures Continued Compliance with Nasdaq Listing Requirements AUSTIN, TX / ACCESSWIRE / November 7, 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 will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-100. The reverse stock split will become effective on November 11, 2024, and the Company's common stock will begin trading on a post-split basis at the market open on November 11, 2024, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y302.

TRNR Announces 1-for-100 Reverse Split

AUSTIN, TX / ACCESSWIRE / November 5, 2024 / Today, Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company") announced it will release third quarter 2024 results before the market opens on Thursday, November 14, 2024 in conjunction with a shareholder letter providing a broader update on the Company's business as well as its ongoing compliance with NASDAQ listing requirements. TRNR Investor Contact ir@interactivestrength.com TRNR Media Contact forme@jacktaylorpr.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. To Announce Third Quarter 2024 Results on Nov. 14, 2024

Titleist Performance Institute (TPI) is the world's leading educational organization for how the human body functions in relation to the golf swing 48 of the top 50 PGA Tour professionals coached by a TPI certified coach The golf performance market is growing quickly and the FORME Lift is a ‘plug and play golf performance center' AUSTIN, TX / ACCESSWIRE / October 25, 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 the Company will be exhibiting the FORME Lift at the Titleist Performance Institute Summit on October 25-27 in Orlando, Florida. FORME is expanding its presence in the golf performance market, which is large and growing quickly.

Interactive Strength Inc. (Nasdaq: TRNR) is Expanding FORME's Presence in the Fast-growing Golf Performance Market by Exhibiting at the Titleist Performance Institute Summit on October 25-27

CLMBR is being featured in Chuze Fitness's Fit Lab, its premium smaller group training concept located inside Chuze Fitness locations Chuze Fitness is expected to install multiple CLMBRs in each of four locations during the fourth quarter and there is potential for installations in 60 locations Chuze Fitness is growing quickly, having increased its locations from 44 to 60 in the past two years AUSTIN, TX / ACCESSWIRE / October 10, 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 Chuze Fitness has ordered multiple CLMBRs to install in four pilot locations out of the brand's 60 total locations. Trent Ward, Co-Founder and CEO of TRNR, said: "Chuze is one of the fastest growing health club chains in the US, having grown from 44 locations to 60 locations over the past two years.

Interactive Strength Inc. (NASDAQ:TRNR) Wins New Customer for CLMBR with Fast-growing 60 Location Chuze Fitness

The medical channel, and specifically physical therapy, is a new channel for FORME WOODWAY has been in the medical channel for decades and has dedicated sales representatives with long-term relationships Rehabilitation sessions can be reimbursed by insurance and there can be a compelling return on investment for installing a FORME Lift in a practice AUSTIN, TX / ACCESSWIRE / October 8, 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 the Company will be exhibiting FORME at the APTA Private Practice Annual Conference on October 9-12 in National Harbor, MD. FORME is entering the medical channel for the first time and the market is large and growing.

Interactive Strength Inc. (Nasdaq:TRNR) Enters the Medical channel for the first time by Exhibiting FORME at APTA Private Practice Annual Conference on October 9-12

The Health and Fitness Summit is hosted by MEFITPRO, the leading distributor of best-in-class brands in the Gulf region Gulf countries (the "GCC") are growing quickly and fitness adoption is outpacing GDP growth MEFITPRO distributes CLMBR exclusively in the region and received its six-figure initial order in the third quarter AUSTIN, TX / ACCESSWIRE / October 1, 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 both of the Company's brands (CLMBR and FORME) will be exhibited at the MEFIT Health and Fitness Summit in Dubai on October 3-5. MEFIT Health and Fitness Summit is in its 21st year and is the annual gathering for Gulf region health and fitness leaders to discover the latest equipment, products and services.

Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit Both CLMBR and FORME at MEFIT Health and Fitness Summit in Dubai October 3-5

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.

Interactive Strength Inc. (Nasdaq:TRNR) Secures Exclusive Distribution for CLMBR with PrimaFit in Fast-Growing Indonesia and Already Receives Second Order in Third Quarter

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.

Interactive Strength Inc. (Nasdaq:TRNR) Successfully Passes EU Compliance for CLMBR and will Start Fulfilling European and UK Orders Immediately

RSG Group owns Gold's Gym, McFIT, John Reed among other brands There are more than 900 locations in the group AUSTIN, TX / ACCESSWIRE / September 12, 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 secured Global Vendor Status with RSG Group, owner of Gold's Gym, McFit, John Reed and other brands that represent more than 900 locations. Trent Ward, Co-Founder and CEO of TRNR, said: "RSG Group is one of the biggest and most innovative fitness center owners in the world and we are very proud of CLMBR's recognition as one of the Global Vendors.

Interactive Strength Inc. (Nasdaq: TRNR) Secures Global Vendor Status with Industry Leader RSG Group for CLMBR

Participation at Global Investment Conference follows the successful $4.0 million equity raise executed by H.C. Wainwright in July The Company expects to generate between $2.0 million and $2.5 million in revenue in the third quarter of 2024 The Company expects to achieve run-rate adjusted EBITDA profitability in 2025 AUSTIN, TX / ACCESSWIRE / September 9, 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 will be presenting at the H.C.

Interactive Strength Inc. (Nasdaq: TRNR) to Present at the H.C. Wainwright 26th Annual Global Investment Conference and Meet Institutional Investors in New York from September 9th to 11th

Domitner GmbH placed initial order that is expected to ship in the third quarter of 2024 Combined with the German distribution announced in July, there is strong coverage in central Europe Additional European distributors are expected to be secured in 2024 AUSTIN, TX / ACCESSWIRE / September 5, 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 an initial order for CLMBR in Switzerland and Austria. Trent Ward, Co-Founder and CEO of TRNR, said: "We continue to have success with top-tier distributors, and Domitner in Switzerland and Austria is no exception.

Interactive Strength Inc. (Nasdaq: TRNR) Secures Exclusive Distribution for CLMBR in Switzerland and Austria and Receives Initial Order

Net Loss and Earnings per Diluted Share of $10.6 million and $17.48 Adjusted EBITDA was a $2.9 million loss, a $2.8 million improvement versus second quarter of 2023 The Company expects to generate between $2.0 million and $2.5 million in revenue in the third quarter of 2024 AUSTIN, TX / ACCESSWIRE / August 14, 2024 / 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 second quarter of 2024. The Company incurred a net loss of $10.6 million for the second quarter of 2024, or a loss of $17.48 per diluted share, as compared with a net loss of $13.6 million, or a loss of $40.78 per diluted share for the same period in 2023.

Interactive Strength Inc. (Nasdaq: TRNR) Reports Second Quarter 2024 Results

Interactive Strength (NASDAQ: TRNR ) stock is rising higher on Monday after the specialty fitness equipment company won its appeal for continued listing on the Nasdaq Exchange. According to a press release from Interactive Strength, the Nasdaq Hearings Panel has given the company until November 14, 2024 to regain listing compliance.

Why Is Interactive Strength (TRNR) Stock Up 59% Today?

AUSTIN, TX / ACCESSWIRE / August 12, 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 the Company received a letter stating that the Nasdaq Hearings Panel has granted the Company's request for continued listing on the Nasdaq Stock Market. As of March 31, 2024, the Company was not in compliance with Listing Rule 5550(b)(1) (the "Equity Rule") which specifies a minimum stockholders' equity of $2.5 million.

Interactive Strength Inc. (Nasdaq: TRNR) Wins Appeal for Continued Nasdaq Listing

German Distributor placed six-figure initial order that is expected to ship in the third quarter of 2024 Germany is the largest fitness market after the United States Germany's largest fitness company, RSG Group, owns Gold's Gym and McFIT among other brands AUSTIN, TX / ACCESSWIRE / July 30, 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 a six-figure initial order for CLMBR in Germany, the largest fitness market outside the United States. Trent Ward, Co-Founder and CEO of TRNR, said: "Germany is the largest international fitness market and we are confident of the demand in Germany after the seeing the strong interest in CLMBR at FIBO, the largest fitness show in the world, which was held in Germany this past April.

Interactive Strength Inc. (Nasdaq: TRNR) Secures Exclusive Distribution for CLMBR in Germany and Receives Six-Figure Initial Order

CLMBR is now an Approved Vendor Partner for Crunch Fitness franchisees, following a successful pilot at Crunch West Hollywood earlier this year CLMBR is exhibiting at the Annual Crunch Franchise Convention, from July 28 to August 1 in Phoenix, AZ There are more than 460 locations and 2.5 million members in the Crunch Fitness system AUSTIN, TX / ACCESSWIRE / July 25, 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 earned Approved Vendor Partner status from Crunch Fitness and has been invited to exhibit CLMBR at the Crunch Franchise Convention, which starts on July 28 in Phoenix, AZ. Trent Ward, Co-Founder and CEO of TRNR, said: "Crunch Fitness is one of the fastest growing gym chains in the US and we are excited that CLMBR has earned the Approved Vendor Partner status, which is a key step that enables selling CLMBRs to the wider Crunch Fitness system.

Interactive Strength Inc.'s (Nasdaq: TRNR) CLMBR Earns Approved Vendor Partner status from Crunch Fitness and is Invited to the 2024 Crunch Franchise Convention

News for Interactive Strength Inc Stock (TRNR)