Tillkännagivande • Aug 14
First Amended Joint Liquidation Plan Filed by BowFlex Inc. BowFlex Inc., along with its affiliate, filed its first amended joint plan of liquidation in the US Bankruptcy Court on August 13, 2024. As per the amended plan filed, there are no changes in treatment of any claim class or sources of plan funding. Tillkännagivande • Jun 29
BowFlex Inc. announced delayed annual 10-K filing On 06/28/2024, BowFlex Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Tillkännagivande • Jun 18
First Motion for Exclusivity Period Extension Approved For BowFlex Inc. The US Bankruptcy Court granted an order for the extension of the exclusivity periods for BowFlex Inc. on June 17, 2024. As per the order, the debtor’s exclusivity period to file its plan and to solicit votes on its plan, have been extended by 90 days i.e., up to September 30, 2024, and November 29, 2024, respectively. Tillkännagivande • Jun 01
First Motion for Exclusivity Period Extension Filed by BowFlex Inc. BowFlex Inc. filed a motion in the US Bankruptcy Court seeking the extension of its exclusivity periods on May 30, 2024. As per the motion, the debtor seeks to extend its exclusivity periods for both, to file a plan and to solicit votes on a plan, by 90 days i.e. up to September 30, 2024, and November 29, 2024, respectively. Tillkännagivande • May 29
Liquidation Plan and Disclosure Statement Filed by BowFlex Inc. BowFlex, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on May 23, 2024. As per the plan filed, administrative claims, professional fee claims, priority claims, other priority claims of $0.69 million, DIP claims shall be paid in full in cash. General Unsecured Claims of $52.24 million shall be recovered 16.30% in cash. Intercompany Claims and Subordinated Claims shall be cancelled. BowFlex Inc. Interests and BowFlex New Jersey Interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets. Tillkännagivande • Mar 06
Motion for Joint Administration Filed by BowFlex Inc. BowFlex Inc. along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on March 4, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, BowFlex New Jersey LLC, with its own case for administrative and procedural purposes. BowFlex Inc. has been proposed as the lead debtor. Tillkännagivande • Mar 05
BowFlex Inc. Filed for Bankruptcy BowFlex Inc., along with its affiliate, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of New Jersey on March 4, 2024. The debtor listed both its assets and liabilities in the range of $50 million to $100 million. The debtor is represented by Joseph J. DiPasquale of Fox Rothschild, LLP and Sidley Austin LLP as its legal counsels. The debtor also hired FTI Consulting, Inc. as its financial advisor, FTI Capital Advisors as its investment banker and Epiq Corporate Restructuring, LLC as its claims agent. Tillkännagivande • Feb 23
BowFlex Inc. is Contemplating Bankruptcy BowFlex Inc. is contemplating filing for bankruptcy, as of February 21, 2024. According to recent quarter filing, Company is casting substantial doubt on its ability to continue operations and is considering filing for bankruptcy. Tillkännagivande • Feb 16
BowFlex Inc. announced delayed 10-Q filing On 02/14/2024, BowFlex Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Dec 02
BowFlex Inc. Announces Receipt of Continued Listing Standard Notice from NYSE On November 27, 2023, Bowflex Inc. (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set in Section 802.01B of the NYSE Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50.0 million and, at the same time, its last reported stockholders’ equity was less than $50.0 million. The Company plans to notify the NYSE by December 11, 2023, of its receipt of the Notice and that it intends to submit a plan (the “Plan”) to cure the global market capitalization deficiency and to return to compliance with Section 802.01B of the NYSE continued listing standards. Under Section 802.02 of the NYSE Listed Company Manual, the Company has 45 days from the receipt of the Notice to submit a plan advising the NYSE of definitive action the Company has taken, or is taking, which would bring the Company into compliance with the minimum global market capitalization listing standard within 18 months of receipt of the Notice (the “Market Capitalization Cure Period”). The Notice has no immediate impact on the listing of the Company’s common stock and does not affect the Company’s business operations or its reporting obligations with the Securities and Exchange Commission. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€23.2m market cap, or US$25.3m). Reported Earnings • Nov 16
Second quarter 2024 earnings released: US$0.35 loss per share (vs US$0.48 loss in 2Q 2023) Second quarter 2024 results: US$0.35 loss per share (improved from US$0.48 loss in 2Q 2023). Revenue: US$48.7m (down 26% from 2Q 2023). Net loss: US$12.5m (loss narrowed 18% from 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Tillkännagivande • Nov 15
BowFlex Inc. Revises Earnings Guidance for the Full Year Fiscal 2024 BowFlex Inc. revised earnings guidance for the full year fiscal 2024. For the year, the Company now expects full year net revenue to be in the range of $215 million to $240 million, compared to previous guidance of a range of $270 million to $300 million. Tillkännagivande • Nov 07
BowFlex Inc. to Report Q2, 2024 Results on Nov 14, 2023 BowFlex Inc. announced that they will report Q2, 2024 results After-Market on Nov 14, 2023 Tillkännagivande • Oct 25
Bowflex Launches Two New Products for the Holiday Season BowFlex announced two new blowflex cardio machines put feeling good first. The BowFlex Max Trainer SE and the BowFlex IC Bike SE are engineered to accommodate all fitness levels and fit in any space, with intuitive features that are easy to adjust and sleek designs that are worthy of a place in living room -- or anywhere else. The new machines are nearly silent, which means late-night and early- morning workouts won't disturb family, bedrooms, or neighbors. Plus, both products are compatible with the JRNY fitness app, offering personalized trainer-led or Explore the World workouts via tablet or mobile device. As the first products inspired by the bold evolution of the BowFlex brand, the new cardio machines are engineered to deliver fitness that's empowering, inclusive, and reflects the feeling that comes from movement. Full-color displays and compatibility with popular fitness apps, including JRNY, give fitness enthusiasts true flexibility to move to what's important to them. The BowFlex Max trainer SE and the BowFlexIC Bike SE are now available for pre-order at bowflex.com. Design engineering that elevates the feeling of home fitness Stair stepper meets elliptical in the BowFlex Max Trainer SE, and low-impact, high-intensity workouts are nowwhisper- quiet, so that can tune into virtual trainer or playlist and work out without disturbing anyone else. The BowFlex Max Training SE offers an upgraded, minimalist design and maximizes options to use own device to access popular fitness apps. Sixteen resistance levels vary workout intensity and efficiency, while Terrain Control Technology replicates the sensation of climbing hills and descending valleys in JRNY explore the World routes. Both the BowFlex Max Trainer SE and the BowFlex IC Bike SE come with a two-month, free trial JRNY membership. JRNY workout options include trainer-led cardio classes, virtual coaching, and hundreds of stunning Explore the World routes, as well as options to stream favorite playlist or shows. With each session, the JRNY adaptive fitness platform recommends a unique selection of workout options tailored to individual progress and potential, based on usage and goals. Tillkännagivande • Sep 28
BowFlex Parent, Nautilus, Inc. Announces Receipt of Notice of Non-Compliance with NYSE Trading Share Price Listing Rule Nautilus, Inc. announced that on September 21, 2023, it received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is not in compliance with applicable price criteria in the NYSE’s continued listing standard set forth in the NYSE Listed Company Manual because the average closing price of the Company’s Common Stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. The Notice does not result in the immediate delisting of the Company’s common stock from the NYSE. The Company intends to respond to the NYSE within ten business days of receipt of the Notice of its intent to cure the deficiency. In accordance with NYSE rules, Nautilus has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. The Company may regain compliance at any time within the six-month cure period if on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. Under the NYSE’s rules, if the Company determines that it will cure the stock price deficiency by taking an action that will require shareholder approval at its next annual meeting of shareholders, the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above that level for at least the following 30 trading days. The Company’s Common Stock will continue to be listed and trade on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards. The receipt of the Notice does not affect the Company’s business, operations or reporting requirements with the Securities and Exchange Commission. Tillkännagivande • Sep 20
Nautilus Inc. Debuts New Schwinn 490 Elliptical Nautilus, Inc. has elevated the elliptical category. And they’ve done it with help from their customers. The design of the new Schwinn® 490 Elliptical responds to customers’ requests for size, comfort, control, and workout capabilities in this type of trainer. The result is an elliptical that improves the workout experience and, more importantly, comes at a wallet-friendly price point. The new elliptical has the durability that consumers love about Schwinn, updated to meet today’s customer demands. The Schwinn® 490 Elliptical has a space-saving footprint that’s 12 inches smaller than that of its predecessor, the Schwinn 470, to better suit home spaces that serve multiple purposes. Ergonomic updates make foot and hand placement more comfortable and give users fingertip control of their workouts, including adjusting the incline from a 5% decline to a 15% incline. JRNY® adaptive fitness app compatibility gives users even more workout options with hundreds of scenic Explore the World Routes, trainer-led classes, and “Just for You” personalized workout recommendations that evolve with progress. The Schwinn® 490 Elliptical is the brand’s top-tier trainer, offering the premium quality and smooth stride users expect in an efficient, low-impact workout, now enhanced by Terrain Control Technology that automatically adjusts resistance with elevation changes in ride when experience select Explore the World workouts in the JRNY® platform. Improved design and placement of the elliptical controls make mounting, dismounting, and operation inclusive and intuitive for users. A built-in media shelf for a tablet or phone makes it easy to explore new and personalized JRNY® workouts. Schwinn® 490 Elliptical Features: The Schwinn® 490 elliptical is compatible with the JRNY® fitness app (available for iOS and Android devices), which affords access to all that the JRNY® adaptive fitness membership has to offer, including access to hundreds of scenic Explore the World routes, JRNY® radio, and trainer-led workouts, as well as the Zwift® app. Additional features include: Choice: Connectivity to JRNY® app including personalized workout recommendations; Bluetooth connectivity for speakers, smart devices, and heart rate monitors; 25 levels of resistance; adjustable in-workout to -5% decline and 15% incline. Comfort: 20-inch ergonomic-friendly stride that doesn’t feel like straddling; wide, narrow and fixed handrail and grip options; mounting step makes it easy to get on/off the machine. Convenience: Compact, 58-inch-long footprint; easy-to-reach media shelf. The Schwinn® 490 Elliptical ($1,299 MSRP) is available for purchase online at SchwinnFitness.com and at select retailers including Amazon and select Nebraska Furniture Mart, Scheels and Play It Again Sports locations. For a limited time, new JRNY® customers will receive a two-month free trial. Following the free trial, members can subscribe for $99 per year ($11.99/month) to access JRNY® workouts compatible with the Schwinn® 490 Elliptical on their mobile device or tablet. Reported Earnings • Aug 10
First quarter 2024 earnings released: US$0.15 loss per share (vs US$1.92 loss in 1Q 2023) First quarter 2024 results: US$0.15 loss per share (improved from US$1.92 loss in 1Q 2023). Revenue: US$41.8m (down 24% from 1Q 2023). Net loss: US$4.92m (loss narrowed 92% from 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 29 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 10
Nautilus, Inc. Provides Revenue Guidance for the Full Year Fiscal 2024 Nautilus, Inc. provided revenue guidance for the Full Year Fiscal 2024. For the year, the company expects full year net revenue to be in the range of $270 million to $300 million, with the second half of the year representing 60% to 65% of full year net revenue. Tillkännagivande • Aug 01
Nautilus, Inc. Relaunches BowFlex(R) Brand Nautilus, Inc. is relaunching the BowFlex(R) brand identity with a new visual system and brand philosophy linking the brand to the idea that fitness isn't about fitting into a pair of jeans or someone else's idea of perfection, it's about feeling good every time move. BowFlex customers are driven to exercise by the strong and focused feeling an amazing cardio or strength workout delivers, and the new brand identity expands on the BowFlex name to encompass that experience and inform the design and function of new products coming later in the year -- and beyond. Tillkännagivande • Jul 28
Nautilus, Inc. to Report Q1, 2024 Results on Aug 09, 2023 Nautilus, Inc. announced that they will report Q1, 2024 results After-Market on Aug 09, 2023 Tillkännagivande • Jul 12
Nautilus, Inc. Announces Resignation of Sarah A. Jones as Chief Accounting Officer, Effective from August 9, 2023 Nautilus, Inc. announced that On June 30, 2023, Sarah A. Jones, the Chief Accounting Officer of Nautilus, Inc. (the “Company”), notified the Company that she would resign effective as of August 9, 2023. The Company intends to replace Ms. Jones and has implemented a process to evaluate potential candidates. New Risk • Jun 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€41.3m market cap, or US$45.1m). Tillkännagivande • Jun 17
Nautilus, Inc., Annual General Meeting, Aug 02, 2023 Nautilus, Inc., Annual General Meeting, Aug 02, 2023, at 08:00 Pacific Daylight. Agenda: to elect a Board of Directors, consisting of six members, to serve until the next annual meeting of shareholders or until their successors are duly elected and qualified; to approve the compensation of the named executive officers in a non-binding, advisory vote, as reported in this Proxy Statement; to approve an amendment & restatement of the Nautilus, Inc. Employee Stock Purchase Plan; to ratify the Audit Committee’s appointment of Grant Thornton LLP as company's independent registered public accounting firm for the fiscal year ending March 31, 2024; and to consider and act upon any other matter which may properly come before the annual meeting or any adjournment thereof. New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (€43.5m market cap, or US$47.6m). Tillkännagivande • May 24
Nautilus, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2024 Nautilus, Inc. provided earnings guidance for the first quarter and full year of fiscal 2024. The company expects first quarter to be the lowest revenue quarter of the year, and as a % of full year sales, to be lower than last year.The company expects full year net revenue to be in the range of $270 million to $300 million, with the second half of the year representing 60% to 65% of full year net revenue. Reported Earnings • May 24
Full year 2023 earnings released: US$3.40 loss per share (vs US$0.72 loss in FY 2022) Full year 2023 results: US$3.40 loss per share (further deteriorated from US$0.72 loss in FY 2022). Revenue: US$286.8m (down 51% from FY 2022). Net loss: US$107.5m (loss widened 384% from FY 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 42% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 11
Third quarter 2023 earnings released: US$0.35 loss per share (vs US$0.43 loss in 3Q 2022) Third quarter 2023 results: US$0.35 loss per share (improved from US$0.43 loss in 3Q 2022). Revenue: US$98.1m (down 33% from 3Q 2022). Net loss: US$11.1m (loss narrowed 18% from 3Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 10
Nautilus, Inc. Revises Earnings Guidance for the Full Year 2023 Nautilus, Inc. revised earnings guidance for the full year 2023. For the year, company expects revenue of about $270 million compared to the previous range of $315 million to $365 million. The decline in revenue is primarily due to lower expectations in the Retail segment. Tillkännagivande • Jan 27
Nautilus, Inc. to Report Q3, 2023 Results on Feb 09, 2023 Nautilus, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Feb 09, 2023 Reported Earnings • Nov 11
Second quarter 2023 earnings released: US$0.48 loss per share (vs US$0.15 loss in 2Q 2022) Second quarter 2023 results: US$0.48 loss per share (further deteriorated from US$0.15 loss in 2Q 2022). Revenue: US$65.5m (down 53% from 2Q 2022). Net loss: US$15.3m (loss widened 235% from 2Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 10
Nautilus, Inc. Provides Revenue Guidance for the Full Year 2023 Nautilus, Inc. provides revenue guidance for the full year 2023. The Company expects full year revenue of between $315 million and $365 million compared to the previous range of $380 million to $460 million. The decline in revenue is primarily due to lower expectations in the Retail segment. Tillkännagivande • Oct 27
Nautilus, Inc. to Report Q2, 2023 Results on Nov 09, 2022 Nautilus, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022 Tillkännagivande • Sep 23
Nautilus, Inc. Launches New Bowflex® Bxt8j Treadmill with Jrny® Adaptive Fitness App, At Select Retailers Nautilus, Inc. announced the launch of the Bowflex® BXT8J treadmill with JRNY adaptive fitness app compatibility at select online and in-store retail partners –– providing customers with a complete fitness solution at an affordable price point. According to a recent survey conducted on Nautilus Inc.’s behalf by YouGov*, the most important attribute of a treadmill is affordability, and the major reasons that stop consumers from purchasing a treadmill are cost and size. The Bowflex BXT8J treadmill offers high-performance cardio combined with the ability to pair the user’s device to the JRNY® adaptive fitness app. The treadmill’s built-in media shelf makes it easy to explore new and personalized JRNY workout experiences by using a tablet or phone (available on iOS and Android devices). The JRNY® adaptive fitness membership provides access to Explore the World routes, JRNY radio, and hundreds of trainer-led workouts, which are tracked and saved in the JRNY(R) member’s journal. Bowflex BXT8J Treadmill: Additional features include: A 20” W x 60” L running belt and Comfort Tech™ cushioning system for a softer landing. Speeds as high as 12 mph and a 15% motorized incline to push workouts further. SoftDrop™ folding system and transport wheels make it easy to move and store the treadmill around the home. A crystal clear DualTrack™ LCD display comes with 26 built-in workout programs (no Wi-Fi required). A heart rate chest strap to help stay in the target zone, along with contact and telemetry-enabled features for heart rate monitoring. For $1,299 (MSRP), the Bowflex BXT8J treadmill is available for online purchase at select retailers, including Academy, Amazon, Best Buy, Dick’s Sporting Goods, and Nebraska Furniture Mart, as well as in-store at select retailers and Nebraska Furniture Mart locations. For a limited time, new JRNY® customers will receive a free trial. Following the free trial, members will subscribe for $149 per year ($19.99/month) to access JRNY® workouts for the Bowflex® BXT8J treadmill on their mobile device or tablet. Tillkännagivande • Aug 10
Nautilus, Inc. Provides Earnings Guidance for the Second Half and Full Year 2023 Nautilus, Inc. provided earnings guidance for the second half and full year 2023. The company expects the second half of the year to represent between 65% and 70% of full year sales, slightly higher than pre-pandemic 2nd half seasonality of approximately 60%.For the full year, the Company expects full year revenue of between $380 million and $460 million. Tillkännagivande • Aug 09
Nautilus, Inc. Announces Board Appointments Nautilus, Inc. announced that current board member Anne Saunders has assumed the role of board chair, effective August 2. Ms. Saunders’ appointment to the role was confirmed by the Nautilus board after the Annual Shareholders meeting last Tuesday. M. Carl Johnson, III previously held the role since 2011 and announced his retirement earlier this year. In her decade of service to the Nautilus board, Saunders has acted as Chair of the Nominating and Corporate Governance Committee, and as a member of the Audit and Compensation Committees. An accomplished business leader with a track record of accelerating revenue growth through innovation, Saunders currently holds a variety of non-executive director roles at WD-40 and Swiss Water Decaffeinated Coffee, Inc., in addition to her role at Nautilus. She previously served in executive leadership roles leading various consumer goods and digital subscription companies, including NakedWines.com, FTD, a global floral and gifting company, Redbox, and Starbucks. Ms. Saunders holds a B. A from Northwestern University and an M.B. A from Fordham University. Nautilus’ board of directors also includes Patty Ross (Corporate-Governance Committee chair), Ruby Sharma (Audit Committee chair), Shailesh Prakash (Compensation Committee chair), and Kelley Hall. Tillkännagivande • Jul 28
Nautilus, Inc. to Report Q1, 2023 Results on Aug 09, 2022 Nautilus, Inc. announced that they will report Q1, 2023 results After-Market on Aug 09, 2022 Tillkännagivande • Jul 15
Nautilus, Inc. Announce Chief Digital Officer Changes Nautilus, Inc. announced that Chief Digital Officer Garry Wiseman will leave Nautilus to accept a role at another organization, effective July 29,2022. Chris Quatrochi, SVP of Innovation and Product Development, whose responsibilities already included JRNY® engineering, will assume Mr. Wiseman’s JRNY® product management role. He will continue to report directly to CEO Jim Barr. Tillkännagivande • Jun 22
Nautilus, Inc. Announces Retirement of M. Carl Johnson as Chairman of the Board of Directors, Effective August 2, 2022 Nautilus, Inc. announced that Chairman M. Carl Johnson, III will be retiring from its Board of Directors, effective August 2. Johnson joined the Nautilus Board of Directors in 2010 and has been Chairman of the Board of Nautilus, Inc. since 2011. He also served as the company’s interim Chief Executive Officer from February 2019 through July 2019. An accomplished leader in the Consumer Packaged Goods industry, Johnson previously served as an Executive Vice President at J.M Smucker Company and held various senior management roles at Del Monte Foods, Big Heart Pet Brands, Campbell Soup Company, Kraft Foods, and Colgate-Palmolive. Over the last few years, Johnson helped lead the effort to revitalize Nautilus’ board, bringing in corporate leaders with fresh perspectives and diverse backgrounds to supplement the deep understanding of Nautilus’ business offered by long-time directors. Since 2020, Nautilus has added four new board members to enhance oversight of the company’s strategic goals and expansion of the Board’s knowledge and capabilities. Johnson was also instrumental in bringing on board Nautilus’ Chief Executive Officer and board member Jim Barr, who has been a catalyst for the company’s digital transformation efforts over the last three years. Active in philanthropic efforts in his community, Johnson is a trustee of the Adelphic Educational Fund, Wesleyan University, which grants scholarships and supports educational, literary and artistic programs. He is also a member of the Steering Committee of the Kilts Center for Marketing at the University of Chicago Graduate School of Business, which provides scholarships to top marketing students and helps the school steer its marketing curriculum. Mr. Johnson is also a member of the Nutrition Round Table, Harvard T.H. Chan School of Public Health, Harvard University. A new board chair will be appointed after Nautilus’ Annual Shareholders Meeting on August 2, 2022. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Ruby Sharma was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 24
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. Tillkännagivande • Feb 10
Nautilus, Inc. Provides Earnings Guidance for the Second Half of Fiscal 2022 Nautilus, Inc. provided earnings guidance for the second half of fiscal 2022. The company now expects total company net sales in the second half of Fiscal 2022 to be between $260 million and $280 million, an increase of 31% to 41% versus the same period in 2020. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €7.61, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improved over the past week After last week's 20% share price gain to €9.39, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €8.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Leisure industry in Europe. Total loss to shareholders of 29% over the past three years. Tillkännagivande • Sep 03
Nautilus, Inc. (NYSE:NLS) entered into a definitive agreement to acquire VAY AG. Nautilus, Inc. (NYSE:NLS) entered into a definitive agreement to acquire VAY AG on September 2, 2021. Nautilus will integrate VAY’s proprietary technology capabilities into its JRNY platform. VAY's management and technical teams will join Nautilus as part of its software development group. The transaction is subject to customary closing conditions and is expected to close in the coming weeks. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS US$0.46 (vs US$0.17 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$184.6m (up 62% from 2Q 2020). Net income: US$14.0m (up US$19.0m from 2Q 2020). Profit margin: 7.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 11
Independent Director recently sold €148k worth of stock On the 9th of June, Marvin Siegert sold around 10k shares on-market at roughly €14.77 per share. In the last 3 months, there was an even bigger sale from another insider worth €253k. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Recent Insider Transactions • May 30
Insider recently sold €72k worth of stock On the 26th of May, Jeffery Collins sold around 5k shares on-market at roughly €14.33 per share. In the last 3 months, there was an even bigger sale from another insider worth €329k. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months.