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AUSTIN, TX - Interactive Strength Inc. (NASDAQ:TRNR), known for its specialty fitness equipment under the CLMBR and FORME brands, has updated its 2025 pro forma revenue forecast, expecting an increase of 30% to surpass $65 million. The company, currently valued at $7.18 million, shows promising growth potential according to InvestingPro data, which indicates the stock may be undervalued at current levels. This revision was announced in the company's updated investor presentation on its investor website.
The presentation details Interactive Strength's growth strategy and elaborates on its binding agreement to acquire Wattbike, a leading indoor bike company with over 100,000 units sold globally. The company, which has demonstrated remarkable revenue growth of 459% in the last twelve months, faces challenges with a current ratio of 0.31, suggesting potential liquidity constraints. The company also underscores the importance of Wattbike's earn-out targets in the acquisition. Additionally, the presentation revisits the forthcoming acquisition of Sportstech, though specific financial terms were not disclosed.
Interactive Strength's portfolio includes the CLMBR vertical climbing machine, designed for both commercial and home use, and the FORME digital fitness platform, which offers a range of virtual personal training and coaching services. The company believes these acquisitions will strengthen its market position and enhance its product offerings.
In compliance with SEC regulations, Interactive Strength disseminates material information through various channels, including SEC filings, press releases, and its investor relations website.
The press release also mentions non-GAAP financial measures, such as Adjusted EBITDA, which the company uses to evaluate operating performance. These measures exclude certain expenses like stock-based compensation and depreciation, providing a different perspective on financial health compared to GAAP results. InvestingPro analysis reveals additional insights, including weak gross profit margins and other key metrics that subscribers can access along with 12+ exclusive ProTips about TRNR's performance and outlook.
Interactive Strength cautions that this press release contains forward-looking statements, including projections about future acquisitions and financial performance. These statements are subject to risks and uncertainties that could cause actual results to differ materially.
The information in this article is based on a press release statement from Interactive Strength Inc.
In other recent news, Interactive Strength Inc. has announced a binding agreement to acquire Wattbike, a move aimed at enhancing its global presence in the fitness market. This acquisition, expected to close in the second quarter of 2025, will be the company's third in 18 months, with the transaction structured as an all-stock deal. Additionally, Interactive Strength has settled a debt with Vertical Investors, LLC by issuing 1,188,571 shares of Series C Preferred Stock, following a shortfall in Net Trade Value from previous equity conversions. The company has also projected over $50 million in pro forma revenue, with a new deal anticipated to contribute more than $15 million to this figure.
Furthermore, Interactive Strength has expanded its installations, including new placements at the Mandalay Bay Resort's fitness center. This expansion aligns with their updated revenue guidance, factoring in recent acquisitions and a Letter of Intent. The company has secured an additional $3.6 million investment from an institutional investor, supporting its growth and acquisition strategy. Interactive Strength's recent activities reflect its ongoing efforts to strengthen its market position and achieve its financial objectives.
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