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Article Date: February 2021
Word Count: 502

Nautilus Climbs Higher in Record Final Quarter


Net income surged eight-fold to $28,936,000 in the fourth quarter from $3,487,000 on revenues that were up 82% to $189,259,000 from $104,173,000, and the top line was up 108% excluding prior year’s sales from the Octane brand, which was sold in Oct. The top line benefited from continued demand for connected-fitness bikes lapping the introduction of the Bowflex C6, which joined the Schwinn IC4 and VeloCore as NLS’ leaders in the category. SelectTech weights and Bowflex home gyms also posted strong sales for the quarter. The performance more than offset a loss of $16 million in factory fulfilled order revenue ... Log in to view full article.

 


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