Interactive Strength Q1 net loss $16.0M; Adj EBITDA loss improves to $4.4M; $15M note agreement

Interactive Strength, Inc.

Net loss of $16.0M ($2.09 diluted EPS) vs $12.7M loss in Q1 2022; EPS improved due to IPO-related share count changes.
Adj EBITDA loss of $4.4M, a $6.3M improvement vs prior year; includes $14.6M non-cash stock-based compensation.
Average Annualized Recurring Revenue per Household $1,650, more than 3x higher vs Q1 2022.
New Note Purchase Agreement to issue up to $15.0M in senior secured notes.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Interactive Strength, Inc. reported first quarter of 2023 results: net income net loss of $16.0 million, EPS loss of $2.09 per diluted share.

Period: first quarter of 2023
Net income: net loss of $16.0 million
EPS: loss of $2.09 per diluted share
Result: reported results

Exact text from the filing

Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), today announced its financial results for the first quarter of 2023. The Company incurred a net loss of $16.0 million for the first quarter of 2023, or a loss of $2.09 per diluted share

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Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-026899

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