Interactive Strength Inc. (Nasdaq:TRNR) Drives CLMBR Growth in Saudi Arabia With Multiple Installations Across Armah Sports Group's B_FIT brand
- 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.
- 11/19/2024
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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
- 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.
- 11/18/2024
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Interactive Strength Inc. (Nasdaq:TRNR) Reports Third Quarter 2024 Results
- 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.
- 11/14/2024
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TRNR Announces 1-for-100 Reverse Split
- 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.
- 11/07/2024
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Interactive Strength Inc. To Announce Third Quarter 2024 Results on Nov. 14, 2024
- 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.
- 11/05/2024
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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
- 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.
- 10/25/2024
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Interactive Strength Inc. (NASDAQ:TRNR) Wins New Customer for CLMBR with Fast-growing 60 Location Chuze Fitness
- 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.
- 10/10/2024
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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 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.
- 10/08/2024
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Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit Both CLMBR and FORME at MEFIT Health and Fitness Summit in Dubai October 3-5
- 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.
- 10/01/2024
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Interactive Strength Inc. (Nasdaq:TRNR) Secures Exclusive Distribution for CLMBR with PrimaFit in Fast-Growing Indonesia and Already Receives Second Order in Third Quarter
- 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.
- 09/26/2024
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Interactive Strength Inc. (Nasdaq:TRNR) Successfully Passes EU Compliance for CLMBR and will Start Fulfilling European and UK Orders Immediately
- 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.
- 09/24/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Secures Global Vendor Status with Industry Leader RSG Group for CLMBR
- 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.
- 09/12/2024
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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
- 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.
- 09/09/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Secures Exclusive Distribution for CLMBR in Switzerland and Austria and Receives Initial Order
- 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.
- 09/05/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Reports Second Quarter 2024 Results
- 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.
- 08/14/2024
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Why Is Interactive Strength (TRNR) Stock Up 59% Today?
- 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.
- 08/12/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Wins Appeal for Continued Nasdaq Listing
- 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.
- 08/12/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Secures Exclusive Distribution for CLMBR in Germany and Receives Six-Figure Initial Order
- 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.
- 07/30/2024
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Interactive Strength Inc.'s (Nasdaq: TRNR) CLMBR Earns Approved Vendor Partner status from Crunch Fitness and is Invited to the 2024 Crunch Franchise Convention
- 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.
- 07/25/2024
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Interactive Strength Inc. (Nasdaq:TRNR) Drives CLMBR Growth With New Gold's Gym Texas Installations Following the Six-Figure Order From Gold's Gym SoCal
- Gold's Gym is installing multiple CLMBRs in three Central Texas locations initially and there is a potential of 58 total locations in Texas Gold's Gym SoCal is installing multiple CLMBRs in each of its 23 locations in California There are more than 600 locations in the overall Gold's Gym system AUSTIN, TX / ACCESSWIRE / July 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 that, following last month's six-figure order from Gold's Gym SoCal, Gold's Gym is installing CLMBRs in three of the brand's 58 locations in Texas. Trent Ward, Co-Founder and CEO of TRNR, said, "We have high expectations for future growth in the Gold's Gym system due to the six-figure flagship CLMBR order for the 23 locations of Gold's Gym SoCal that we announced at the end of June.
- 07/18/2024
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Interactive Strength Inc. (Nasdaq:TRNR) Regains Compliance with Nasdaq Listing Rule about Minimum Bid Price
- AUSTIN, TX / ACCESSWIRE / July 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 on July 8, 2024 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 proud that we have regained compliance with this Listing Rule, and look forward to maintaining our status on Nasdaq in the future.
- 07/10/2024
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Interactive Strength (TRNR) Stock Surges 129% After Reverse Stock Split
- Interactive Strength (NASDAQ: TRNR ) stock is rocketing higher on Monday after the fitness platform operator completed a reverse stock split. Interactive Strength enacted a reverse stock split on a one-for-40 basis when markets opened on Friday.
- 06/17/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the Maturity
- AUSTIN, TX, April 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 had converted $3.0 million of the Company's $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024.
- 04/26/2024
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Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit CLMBR at FIBO Global Fitness, the World's Largest Trade Show for Fitness, Wellness and Health on April 11-14
- AUSTIN, TX, April 10, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced that the Company's CLMBR brand will be exhibited at FIBO Global Fitness, the world's largest trade show for fitness, wellness and health in Cologne, Germany on April 11-14. FIBO is the annual main event where global leaders across the health and fitness industry gather to discover the latest equipment, products and services.
- 04/10/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results
- Net Loss and Earnings per Diluted Share of $11.4 million and $0.80 Adjusted EBITDA was a $3.5 million loss, a $5.5 million improvement versus fourth quarter of 2022 The Company confirms it expects to be run-rate Adjusted EBITDA positive as early as the fourth quarter of 2024 AUSTIN, TX, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (NASDAQ: TRNR) (the "Company", or “TRNR”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced its financial results for the fourth quarter of 2023. The Company incurred a net loss of $11.4 million for the fourth quarter of 2023, or a loss of $0.80 per diluted share, as compared with a net loss of $18.8 million, or a loss of $27.80 per diluted share for the same period in 2022.
- 04/01/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Receives Letter From Nasdaq Confirming That the Company Complies With the Stockholders' Equity Requirement
- AUSTIN, TX, March 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced that it has received written notification from the Nasdaq Stock Market (“Nasdaq”) that, based on the Company's Form 8-K, dated February 16, 2024, Nasdaq has determined that the Company complies with Nasdaq Listing Rule 5550(b)(1) (the “Stockholders' Equity Requirement”).
- 03/05/2024
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Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform
- AUSTIN, TX, Feb. 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of premium smart home gyms and provider of virtual personal training services under the FORME brand, today announced that it has completed the acquisition of substantially all of the assets of CLMBR, Inc., (“CLMBR”) the maker of the first-to-market connected vertical climber.
- 02/07/2024
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Interactive Strength Inc. d/b/a FORME Reports Third Quarter 2023 Results
- Net Loss and Earnings per Diluted Share of $10.4 million and $0.73 Adjusted EBITDA was a $3.4 million loss, a $5.8 million improvement versus third quarter of 2022 Entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc. AUSTIN, TX, Nov. 14, 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 third quarter of 2023. The Company incurred a net loss of $10.4 million for the third quarter of 2023, or a loss of $0.73 per diluted share, as compared with a net loss of $14.8 million, or a loss of $30.16 per diluted share for the same period in 2022.
- 11/14/2023
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Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR) to Present at the Webull LIVE! with Corporate Connect: Virtual Consumer Tech Webinar
- Interactive Strength recently signed agreement to acquire CLMBR, creating a high-growth, B2B focused, connected fitness platform
- 10/17/2023
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Interactive Strength, Inc. d/b/a FORME Announces Strategic Partnership with HSA/FSA Payment Provider Truemed
- AUSTIN, TX, Oct. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, announces a strategic partnership with Truemed (True Medicine), a leading healthcare payment provider. This pioneering collaboration enables U.S. customers to spend funds from their HSA (Health Savings Account) and FSA (Flexible Spending Account) programs to access FORME's cutting-edge wellness solutions, resulting in average after-tax savings between 30% and 40%.
- 10/13/2023
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FORME Eyes Sustainable Growth Through CLMBR Acquisition Using A B2B/B2C Multi-channel Strategy To ‘Avoid Mistakes Of Peloton, Other Struggling Connected Fitness Companies'
- AUSTIN, TX / ACCESSWIRE / October 13, 2023 / It's been a rough couple of years for connected fitness as the pandemic-era bubble burst leaving once shining growth stocks like Peloton grappling with waning demand and high production costs. However, some companies had the agility and foresight to pivot and diversify their revenue as consumer demand fell.
- 10/13/2023
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Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR) to Acquire CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform
- AUSTIN, TX, Oct. 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, today announced that it has entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc., the maker of the first-to-market connected vertical climber.
- 10/11/2023
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CORRECTION BY SOURCE: Goldman Small Cap Research Publishes New Research Report on Interactive Strength, Inc.
- Company Name Misspelled in Earlier Release BALTIMORE, MD / ACCESSWIRE / August 17, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR). FORME recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth, along with its valuation.
- 08/17/2023
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Goldman Small Cap Research Publishes New Research Report on Interactive Health, Inc.
- BALTIMORE, MD / ACCESSWIRE / August 17, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Interactive Health, Inc. d/b/a FORME (NASDAQ:TRNR). FORME recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth, along with its valuation.
- 08/17/2023
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Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces 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. (Nasdaq: TRNR d/b/a “FORME”), maker of premium smart home gyms and provider of virtual personal training services, is excited to announce that it has entered into a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business.
- 08/15/2023
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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”).
- 08/15/2023
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Top 5 Consumer Stocks That May Rocket Higher In August - REE Automotive (NASDAQ:REE), Funko (NASDAQ:FNKO)
- The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
- 08/14/2023
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Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces Distribution Partnership With Industry Leading Integrated Fitness Services Company, The Risher Companies
- Company Continues Business-To-Business Commercial Strategy to Strengthen Multi-Year Subscription Opportunities FORME Selected as a Preferred Equipment Supplier for Industry Leading Fitness Center Consulting and Procurement Firm AUSTIN, TX, Aug. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”), maker of premium smart home gyms and provider of virtual personal training services, is continuing its expansion into the commercial market through a partnership with The Risher Companies (“TRC”), one of the largest fitness center consulting and equipment procurement firms servicing multi-family properties, real estate development and management companies, master-planned communities, and office buildings nationwide. TRC distributes over 20 commercial brands of fitness equipment and is a top 10 national distributor for Matrix, Woodway, Stages Cycling, Octane and FreeMotion Fitness.
- 08/03/2023
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Interactive Strength Inc. d/b/a FORME to Present at the Investor Summit on June 1st
- Presentation to be webcast at 11:30AM/ET on June 1st Austin, Texas--(Newsfile Corp. - May 25, 2023) - Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) ("FORME" or "the Company"), maker of premium smart home gyms and provider of virtual personal training services, announces that Trent Ward, Co-founder and CEO, will present at the virtual Investor Summit on June 1st. Event: Investor Summit Presentation: June 1, 2023 at 11:30 a.m.
- 05/25/2023
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US IPO Weekly Recap: J&J Spin-Off Kenvue Launches Billion-Dollar Deal In A 1 IPO Week
- The week's news was led by J&J's consumer health unit Kenvue, which set terms for its $3.3 billion listing on Monday. Six IPOs submitted initial filings this past week.
- 04/30/2023
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U.S. IPO Weekly Recap: IPO Market Has A Full Week Of Small Deals, Led By Chinese Issuers
- U.S. IPO Weekly Recap: IPO Market Has A Full Week Of Small Deals, Led By Chinese Issuers.
- 04/24/2023
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