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AUSTIN, TX - Interactive Strength Inc. (NASDAQ:TRNR), the parent company of fitness brands CLMBR and FORME, and the pending acquirer of Wattbike and Sportstech, announced a landmark order of 480 Wattbikes from U.S. distributor Woodway. The order, which includes the new Air Pro and Atom X models, is expected to generate over $1 million in revenue for Wattbike. The company, currently valued at $6.45 million in market capitalization, has shown impressive revenue growth of 459% over the last twelve months, according to InvestingPro data.
This significant deal follows the recent news of TRNR’s acquisition of Wattbike and underscores the potential for Wattbike’s growth in the U.S. market. Wattbike’s presence is already established in the U.K. with installations in over 3,000 gyms, and the company now aims to replicate this success in the U.S., where it currently has a smaller footprint. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with analysts forecasting sales growth for the current year despite challenging market conditions.
Wattbike is known for its indoor cycling training platform, widely recognized among elite athletes, professional sports teams, and health professionals for performance training, testing, rehab, and injury prevention. The company’s expansion strategy in the U.S. includes targeting premium gyms and leveraging its free-to-use training app to penetrate consumer market segments.
The initial order from Woodway, which serves as a shared distributor for TRNR and Wattbike in several markets, including the U.S., is intended to meet the growing American demand for high-quality indoor cycling equipment.
The announcement of this order provides a tangible validation of TRNR’s international acquisition strategy and its efforts to diversify its product portfolio with strong brands and in-demand equipment. Wattbike’s reputation and its strategic expansion into the U.S. market are key elements of TRNR’s growth narrative.
Interactive Strength Inc. is a NASDAQ-listed company that produces specialty fitness equipment and digital fitness services. The company’s commitment to innovation is reflected in its product offerings and strategic acquisitions aimed at broadening its market reach and enhancing its portfolio. Trading at $0.81 per share, the stock has experienced significant volatility, with InvestingPro identifying over 15 additional key investment factors available to subscribers, including detailed financial health metrics and growth projections.
This news is based on a press release statement from Interactive Strength Inc. and does not include any forward-looking statements or predictions.
In other recent news, Interactive Strength Inc. has updated its 2025 revenue forecast, projecting a 30% increase to exceed $65 million. This announcement was made alongside the company’s binding agreement to acquire Wattbike, a leader in indoor performance training bikes. The acquisition is expected to enhance Interactive Strength’s global presence, particularly in major fitness markets such as the US, Germany, and the UK. Additionally, the company has settled a debt with Vertical Investors, LLC by issuing 1,188,571 shares of its Series C Preferred Stock. This strategic move aims to optimize the company’s capital structure. Interactive Strength has also been active in expanding its market reach, with new installations of its fitness equipment at the Mandalay Bay Resort’s fitness center. The company continues to focus on its merger and acquisition strategy, reiterating a pro forma revenue guidance of over $50 million. These developments reflect Interactive Strength’s ongoing efforts to strengthen its market position and drive growth through strategic partnerships and acquisitions.
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