Interactive strength inc. d/b/a forme reports second quarter 2023 results

Net loss and earnings per diluted share of $13.6 million and $1.02 adjusted ebitda was a $5.7 million loss, a $4.1 million improvement versus second quarter of 2022 average annualized recurring revenue per household at $1,570, more than three times greater versus second quarter of 2022 entered into non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business austin, tx, aug. 15, 2023 (globe newswire) -- via newmediawire -- interactive strength inc. d/b/a forme (the "company", or “forme”) (nasdaq: trnr), today announced its financial results for the second quarter of 2023. the company incurred a net loss of $13.6 million for the second quarter of 2023, or a loss of $1.02 per diluted share, as compared with a net loss of $11.9 million, or a loss of $24.46 per diluted share for the same period in 2022, due primarily to expenses incurred in connection with the company's initial public offering (the “ipo”).
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