The former Icon Health & Fitness filed an S-1 with the SEC that shows revenues more than doubled last year, including sales of exercise equipment and a growing number of subscribers to the iFit connected fitness platform. Sales soared 105% to $1,745,056,000 in the fiscal year ended May 31, up from $851,680,000 the year before, and $699,965,000 in FY19. Net loss this past year was $516,706,000, which included $387.1 million in non-cash adjustments related to warrants and preferred shares. Equipment sales increased 108% to $1,515.3 million, generating a gross margin of 34.7%, which is a 380 basis point improvement from ... Log in to view full article.