Net income was back to $13,884,000 over last year’s loss of $5,110,000 on revenue that was up 62% to $184,593,000 from $114,188,000 for NLS’ new fiscal ’22 Q1 ended June 30. The top line gained 74% excluding the Octane brand, sold in Oct. 2020, led by continued connected bike and treadmill demand and SelectTech weight sales. NLS expects the sales gains to continue, guiding for FQ2 revenues of $145 to $155 million, a 2-year CAGR of 53% to 59%. It did not provide formal top- or bottom-line guidance for the full year, but is targeting 250,000 connected fitness JRNY subscribers ... Log in to view full article.