Business
Interactive Strength Inc. (Nasdaq:TRNR) Provides Shareholder Update on Sportstech's Strong April 2025 and LTM Performance
Sportstech Announced Strong Results, with April 2025 revenue growth at 36% YOY Current FX rates indicate that the LTM figures would be approximately $54M in Revenue and $5M in EBITDA through April 2025 Strong Business Momentum, Revenue and Positive ...
About this update from Interactive Strength Inc.
[{"type":"text","content":"Sportstech Announced Strong Results, with April 2025 revenue growth at 36% YOY","length":78,"tagName":"p"},{"type":"text","content":"Current FX rates indicate that the LTM figures would be approximately $54M in Revenue and $5M in EBITDA through April 2025","length":122,"tagName":"p"},{"type":"text","content":"Strong Business Momentum, Revenue and Positive EBITDA Underscore Target's Operational Strength and Logic of Acquisition in advance of Closing","length":145,"tagName":"p"},{"type":"text","content":"AUSTIN, TX / ACCESS Newswire / May 7, 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 about Sportstech Brands Holding GmbH, its pending acquisition target.","length":376,"tagName":"p"},{"type":"text","content":"Earlier today, Sportstech announced 36% YOY revenue growth for April 2025, as well as last twelve month ("LTM") performance through April 2025, equaling approximately $54M in revenue and $5M in positive EBITDA at current FX rates (reported in local currency as €47M in LTM Revenue and €5M in LTM EBITDA). Sportstech noted that its revenue growth in the first quarter of 2025 was restrained by low inventory availability, but that it expects that revenue growth for the full year of 2025, relative to full-year 2024, to be closer to the 36% growth seen in April.","length":571,"tagName":"p"},{"type":"text","content":"Ali Ahmad, Founder and CEO of Sportstech, said in the press release that "it was important to share the continued strength of our financial performance in anticipation of our upcoming joint trip to China with TRNR's Founder and CEO, Trent Ward, to attend the China Sport Show and to further integrate and expand supplier partnerships in support of our shared growth goals. We expect to continue to grow strongly throughout 2025 and to contribute significant revenue and profitability to TRNR's group's financials after the acquisition is completed."","length":571,"tagName":"p"},{"type":"text","content":"The Company believes these results highlight Sportstech's strong brand position, operational discipline, and growth trajectory in Europe. The pending acquisition is exp...