Sportstech reports 36% revenue growth in April 2025

AUSTIN, TX - Interactive Strength Inc. (NASDAQ:TRNR), known for its specialty fitness equipment under the CLMBR and FORME brands and currently trading near its 52-week low of $0.56, announced today that its acquisition target, Sportstech Brands Holding GmbH, has achieved a 36% year-over-year revenue growth for April 2025. According to InvestingPro data, TRNR’s own revenue growth has been substantial, though the company faces profitability challenges with negative EBITDA of $24.26 million in the last twelve months. The company also reported last twelve months (LTM) performance through April 2025, with revenue approximating $54 million and $5 million in positive EBITDA, based on current foreign exchange rates.

The growth in April comes after a first quarter that was reportedly hampered by low inventory availability. However, Sportstech anticipates that its full-year growth for 2025 will align more closely with the April figures. The company’s CEO, Ali Ahmad, expressed confidence in the continued financial strength of Sportstech and its potential to enhance TRNR’s financials post-acquisition. This could be crucial for TRNR, which InvestingPro analysis shows currently maintains a weak financial health score of 1.46 out of 10, with short-term obligations exceeding liquid assets.

Interactive Strength Inc. is preparing to finalize the acquisition of Sportstech and Wattbike, which is anticipated to close as early as the second quarter of 2025, pending regulatory and tax approvals. The company has expressed that Sportstech’s financial results underscore its strong brand position and operational discipline within the European market.

Sportstech’s announcement comes ahead of a joint trip to China with TRNR’s CEO, Trent Ward, to attend the China Sport Show and to expand supplier partnerships.

The financial figures reported are based on current foreign exchange rates and have not been audited or reviewed by a PCAOB auditor. Therefore, these figures could be subject to adjustments once the audit is completed.

This news is based on a press release statement, and the provided financial information is not an endorsement of Sportstech’s market position or future performance. For detailed commentary and information on the acquisition’s rationale and structure, interested parties are directed to TRNR’s investor presentation on the company’s investor website and its filings with the US Securities and Exchange Commission. InvestingPro subscribers can access additional insights, including 15+ more exclusive ProTips and comprehensive financial metrics to better evaluate this acquisition’s potential impact on TRNR’s future performance.

In other recent news, Interactive Strength Inc. has raised its 2025 revenue forecast to exceed $65 million, marking a 30% increase from previous estimates. This update aligns with the company’s strategic acquisition plans, including the binding agreement to acquire Wattbike, a company known for its indoor performance training bikes. The acquisition, which is expected to close in the second quarter of 2025, aims to enhance Interactive Strength’s global presence in key markets like the US, Germany, and the UK. Additionally, Interactive Strength has issued new preferred stock as a dividend, distributing 81,464 Series A and 46,727 Series C Preferred Stock shares to current stockholders.

In another development, Interactive Strength secured a record order of 480 Wattbikes from U.S. distributor Woodway, expected to generate over $1 million in revenue. This order highlights the potential for Wattbike’s growth in the U.S. market following its acquisition by Interactive Strength. Furthermore, 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 manage debt obligations through equity issuance. These recent developments reflect Interactive Strength’s ongoing efforts to optimize its financial strategy and expand its market reach.

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