NLS - Nautilus rallies after seeing demand stay strong

Nautilus ([[NLS]] +6.0%) breaks higher after comfortably beating Q1 earnings estimate on revenue growth of 120%. The company says sales growth during the quarter was driven primarily by continued demand for connected fitness bikes and treadmills, like the Bowflex VeloCore bike and T22 Treadmill as well as robust sales of SelectTech weights. Nautilus thinks it is positioned well for post-pandemic trends. "We also believe the emerging work-from-anywhere model will be widely adopted and help sustain the demand for our products and services. Studies indicate that two-thirds of US workers prefer a hybrid workplace and many of the world's largest employers already are committing to hybrid and remote work alternatives," stated CEO Jim Barr on the earnings conference call.

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Nautilus rallies after seeing demand stay strong