Nautilus, Inc. Announces Revenue Guidance for the First Quarter and Full Year of Fiscal Year 2023
Nautilus, Inc. ANNOUNCED REVENUE guidance for the first quarter and full year of fiscal year 2023. FOr the quarter, the company expected sales to be between $45 million and $55 million. At the mid-point, compared to the sasame period in Fiscal Year 2020, this guidance represents a decline of 13% or 4% growth excluding Octane. First Quarter revenue guidance reflects weaker retail demand as partners work through their elevated inventory levels.For the year, the company expected Full Year Revenue to be between $380 million and $460 million. At the mid-point, compared to the same period in Fiscal Year 2020, this guidance represents 32% growth or 10% CAGR or 52% growth or 16% CAGR excluding Octane.