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Nautilus raises FY23 revenue view to $286.8M from $270M
The Fly

Nautilus raises FY23 revenue view to $286.8M from $270M

Consensus $269.92M. The company said, "Net sales of $286.8 million (versus guidance of about $270 million) compared to $589.5 million last year. The sales decline versus last year is driven primarily by the return to pre-pandemic demand. Excluding sales of Nautilus branded equipment, net sales for FY2023 are expected to be $274.8 million. Loss from continuing operations of $107.5 million compared to a loss of $22.2 million last year. Adjusted EBITDA1 loss from continuing operations of $46.6 million (versus guidance of Adjusted EBITDA2 loss of about $50.0 million) compared to Adjusted EBTIDA1 loss of $3.3 million last year. JRNY(R) Members to be approximately 500,000 as of March 31, 2023, in line with guidance."

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