NLS - Nautilus GAAP EPS of -$0.15 beats by $0.29 revenue of $41.75M misses by $3.13M
2023-08-09 16:11:29 ET
- Nautilus press release ( NYSE: NLS ): Q1 GAAP EPS of -$0.15 beats by $0.29 .
- Revenue of $41.75M (-23.8% Y/Y) misses by $3.13M .
- Net sales were $41.8 million, compared to $54.8 million, a decline of 23.8% versus last year. The sales decline versus last year was driven primarily by lower customer demand.
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Nautilus is reiterating full year fiscal 2024 guidance.
- The Company expects full year net revenue to be in the range of $270 million to $300 million vs $280.03M consensus, with the second half of the year representing 60% to 65% of full year net revenue.
- Given the sale of the Nautilus Brand, the Company expects full year royalty revenue to be $1.8 million.
- The Company expects full year Adjusted EBITDA 1 of between $15 million loss to break-even.
- The Company is targeting JRNY Members to be approximately 625,000 at March 31, 2024.
For further details see:
Nautilus GAAP EPS of -$0.15 beats by $0.29, revenue of $41.75M misses by $3.13M