Interactive Strength Inc. (Nasdaq: TRNR) Enters Into Exclusive Worldwide Distribution Agreement With WOODWAY to Sell and Distribute CLMBR
Interactive Strength Inc. (TRNR)
Company Research
Source: GlobeNewswire
The initial purchase order is expected to generate more than $7 million of net revenue and TRNR has sufficient inventory to fulfill the entire purchase orderThe Company confirms that it expects to generate net revenue of between $15 million and $20 million in 2024 AUSTIN, TX, Feb. 26, 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 it has entered into an exclusive worldwide distribution agreement with WOODWAY USA Inc. (“WOODWAY”), which grants the right for WOODWAY to sell and distribute the Company’s CLMBR product anywhere in the world in the commercial market. As part of the agreement, WOODWAY is placing an initial purchase order for 2,150 units, which is expected to generate more than $7 million in net revenue for TRNR and anchors the Company’s guidance that it expects to generate net revenue of
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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
- 5/10/24 - Form 424B3
- 5/10/24 - Form DEF
- 5/9/24 - Form EFFECT
- TRNR's page on the SEC website