Reports preliminary Q4 adjusted EBITDA loss $12.6M. The company said, "Net sales of $68.4 million compared to $119.7 million last year. The sales decline versus last year is driven primarily by the return to pre-pandemic demand. The Company focused on significantly reducing Nautilus branded inventory in the quarter. Excluding sales of Nautilus branded equipment, net sales for Q4-2023 are expected to be $62.0 million. Loss from continuing operations of $20.9 million compared to a loss of $18.2 million last year. Adjusted EBITDA1 loss from continuing operations of $12.6 million compared to $16.9 million last year."
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