Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform
Interactive Strength Inc. (TRNR)
Company Research
Source: GlobeNewswire
The combined business is anticipated to generate between $15 million and $20 million in revenue in 2024, driven primarily by B2B sales to gyms, fitness studios and multi-family residentialEquipment sales are expected to be largely generated by distributors, including WOODWAY, with minimal marketing expenditureThe business is anticipated to be cashflow positive and adjusted EBITDA profitable potentially as early as the fourth quarter of 2024 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. Trent Ward, Co-Founder and CEO of TRNR, said: “We are thrilled to have acquired CLMBR and its sizeable consumer installed base in t
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News
- Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the Maturity [Yahoo! Finance]Yahoo! Finance
- Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the MaturityGlobeNewswire
- 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 11-14GlobeNewswire
- Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results [Yahoo! Finance]Yahoo! Finance
- Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 ResultsGlobeNewswire
TRNR
Sec Filings
- 5/15/24 - Form NT
- 5/10/24 - Form 424B3
- 5/10/24 - Form DEF
- TRNR's page on the SEC website