Interactive Strength sees Q3 revenue $2M-$2.5M

Interactive Strength announced that it will be presenting at the H.C. Wainwright 26th Annual Global Investment Conference in New York from September 9th to 11th. In addition, the management team will be available for one-on-one meetings with institutional investors during the conference. “Interactive Strength has made great progress so far this year and is expecting to generate between $2.0 million and $2.5 million in revenue in the third quarter, driven by the integration of the CLMBR business,” said Trent Ward, Co-Founder and CEO of TRNR. “Earlier in the third quarter, we raised $4 million of equity and are excited to continue to share the attractive TRNR investment story with institutional investors at the H.C. Wainwright Global Investment Conference. We have announced successful pilots with Crunch Fitness and Gold’s Gym and expect to further penetrate those networks, with Crunch Fitness expected to have 500 locations by the end of 2024 and Gold’s Gym already having more than 600 locations,” Mr. Ward continued. “In addition to these flagship accounts, we have announced significant initial orders with distributors in Germany, the world’s largest fitness market outside the United States, Austria and Switzerland, and in the Gulf-region, one of the world’s fastest growing economic regions. The Company has shared previously that it expects to sell to at least ten international distributors or key accounts this year, and that the international sales opportunity is expected to be similar in size to the opportunity in the United States. “We expect that we will be able to achieve run-rate adjusted EBITDA profitability in 2025 as revenue from CLMBR continues to grow, and we believe the investment case is exciting to institutional investors when considering this milestone, in addition to the other growth drivers the business has” Mr. Ward concluded. “The FORME products are beginning to penetrate a number of new commercial channels and we continue to evaluate other brands to acquire so that we would have a third brand to drive faster growth and to achieve greater scale more quickly.”