secwatch.observer — SEC 8-K summary
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Issuer:     Interactive Strength, Inc. (TRNR)
CIK:        0001785056
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0000950170-23-026899
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785056/000095017023026899/0000950170-23-026899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785056/000095017023026899/trnr-20230608.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026899

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer