NLS’ bottom line posted a major swing to income of $33,838,000 in the third quarter from the prior year’s loss of $8,844,000 as sales gained 152% to $155,391,000 from $61,708,000, and were up 132% excluding Octane Fitness, which was being held for sale. Octane was sold on Oct. 14 for $25 million, for which NLS recognized a gain on disposal of $8.3 million. Direct Segment sales increased 278% to $61.2 million from $16.2 million on strength in cardio products, including the Schwinn IC4 and Bowflex C6 connected-fitness bikes. Strength products jumped 349% from SelectTech weights and Bowflex Home Gyms. The ... Log in to view full article.