Business
Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter & Year-End 2024 Results
Company Delivers Quarterly Revenue of $2.4 Million as Projected or $5.4 Million for full-year 2024 Quarterly Net Loss and Earnings per Diluted Share of $5.8 Million and $7.26 Quarterly Adjusted EBITDA Loss of $1.9 Million Reflects 42% Improvement ...
About this update from Interactive Strength Inc.
[{"type":"text","content":"Company Delivers Quarterly Revenue of $2.4 Million as Projected or $5.4 Million for full-year 2024","length":98,"tagName":"p"},{"type":"text","content":"Quarterly Net Loss and Earnings per Diluted Share of $5.8 Million and $7.26","length":75,"tagName":"p"},{"type":"text","content":"Quarterly Adjusted EBITDA Loss of $1.9 Million Reflects 42% Improvement YOY and 19% Sequentially","length":96,"tagName":"p"},{"type":"text","content":"Stockholders' Equity Was $7.1 Million at Year End","length":53,"tagName":"p"},{"type":"text","content":"Pending Acquisitions Remain on Track; TRNR Expects More than $50M in 2025 Pro Forma Revenue","length":91,"tagName":"p"},{"type":"text","content":"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.","length":300,"tagName":"p"},{"type":"text","content":"The Company delivered on its projected quarterly revenue guidance of $2.4 Million - $5.4 million for the full-year - incurring a net quarterly loss of $5.8 million, or $7.26 per diluted share, compared to a loss of $11.4 million and $3,214.88 per share in the same period in 2023.","length":280,"tagName":"p"},{"type":"text","content":"Quarterly adjusted EBITDA, a non-GAAP financial measure, was a loss of $1.9 million, which reflects improved operational performance and represents the highest quarterly revenue to date. For more information regarding the non-GAAP financial measures discussed in this press release, please see "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures" below.","length":410,"tagName":"p"},{"type":"text","content":"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 secon...