Interactive Strength Q2 net loss $13.6M; signs LOI to acquire connected fitness equipment firm

Interactive Strength, Inc.

2023-Q2 EPS reported -$2.81 revenue$473,000

Net loss of $13.6M ($1.02 diluted EPS) vs $11.9M ($24.46 diluted EPS) in Q2 2022.
Adjusted EBITDA loss of $5.7M, a $4.1M improvement from prior year; includes $4.3M non-cash stock comp.
Average Annualized Recurring Revenue per Household at $1,570, more than triple Q2 2022.
Entered non-binding LOI to acquire a connected fitness equipment business; exclusivity agreement in place.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Interactive Strength, Inc. reported second quarter of 2023 results: net income net loss of $13.6 million, EPS loss of $1.02 per diluted share.

Period: second quarter of 2023
Net income: net loss of $13.6 million
EPS: loss of $1.02 per diluted share
Result: reported results

Exact text from the filing

Interactive Strength Inc. d/b/a FORME Reports Second Quarter 2023 Results Net Loss and Earnings per Diluted Share of $13.6 million and $1.02

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Interactive Strength, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-042453

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