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Article Date: May 2022
Word Count: 124

Beachbody Loss Widens, Writes Down Bike Inventory


Net loss more than doubled in the first quarter to $73,533,000 from $30,058,000, on 12% lower revenues of $198,922,000 down from $226,219,000, despite the addition of Myx connected fitness bike sales this year. Approximately 16,600 Myx bikes were delivered in the quarter, generating $19.5 million in sales, up 33% year-over-year. But cost of goods for the segment was $44.7 million, far exceeding ... Log in to view full article.

 


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