The Beachbody Company, Inc. Announces Q4 and FY 2023 Financial Results; Expects Positive Cash Flow from Operating Activities and Free Cash Flow in Q1 2024
The Beachbody Company, Inc. Class A (BODI)
Company Research
Source: Business Wire
EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading subscription health and wellness company, today announced financial results for its fourth quarter ended December 31, 2023."2023 was a transformational year at BODi. Our turnaround plan successfully simplified our digital platform, lowering our breakeven point and enhancing our liquidity position,” said Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer. "In 2024, our objective is fostering more profitable revenue streams and sustainable free cash flows, with a renewed focus on reshaping our nutrition business. Our accomplishments in 2023 set the foundation for continued execution of our turnaround in 2024. We expect to have positive cash flow from operating activities and free cash flow in the first quarter.”Fourth Quarter 2023 ResultsTotal revenue was $119.0 million compared to $148.2 million in the prior year period and exceeded the high end of the guidan
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- The Beachbody Company, Inc. (NYSE: BODI) had its price target lowered by analysts at Roth Mkm from $15.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- The Beachbody Company, Inc. (NYSE: BODI) had its price target lowered by analysts at Robert W. Baird from $12.00 to $10.00. They now have a "neutral" rating on the stock.MarketBeat
BODI
Earnings
- 5/6/24 - Miss
BODI
Sec Filings
- 5/6/24 - Form 424B3
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- BODI's page on the SEC website