Nautilus, Inc. Reports Fiscal First Quarter 2023 Results
Nautilus, Inc. (NLS)
Last nautilus, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
Company Achieves Upper End Q1 Fiscal 2023 Revenue Guidance and Beats Adjusted EBITDA GuidanceDirect Net Sales of $26.5M up 27% vs pre-pandemic Q1 Fiscal 2020JRNY® Total Members Reaches 360k with 133% Growth vs Q1 Fiscal 2022Company Reiterates Full Year Guidance VANCOUVER, Wash.--(BUSINESS WIRE)--Nautilus, Inc. (NYSE: NLS) today reported its unaudited operating results for the fiscal 2023 first quarter ended June 30, 2022.Management Comments“We are pleased to deliver solid first quarter results that reflect the execution of our multi-year transformation plan. Our omnichannel approach was critical to our success in the quarter, with Direct channel sales up 27% compared to the same pre-pandemic period in fiscal 2020. Further, we continue to expand our digital fitness platform, JRNY®, which exceeded 360,000 members at June 30, 2022, representing approximately 133% growth versus the same quarter last year,” said Jim Barr, Nautilus, Inc. Chief Executive Officer.Mr. Barr continued, “As we
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