February 10, 2021
Proceeds of $182 million from the MyFitnessPal sale more than offset $52 million of restructuring charges and impairments to drive a Q4 profit of $184,454,000 against a loss of $15,304,000 last year, on a 3% lower top line of $1,403,766,000 down from $1,441,225,000.
Net loss in the final quarter expanded to $40,576,000 from a loss of $29,218,000 prior, as sales increased 20% to $374,629,000 from $311,941,000 helped by huge demand for golf equipment and recovering apparel sales.
Net income more than quintupled in the final quarter to SEK164 million ($17.8 mm) from SEK30 million as revenues expanded by a third to SEK1,605 million ($174.3 mm) from SEK1,211 million and were up 45% constant currency.
Nautilus is recalling about 3,700 Bowflex SelectTech 2080 barbells with curl bar because a weight plate can fall from the end of the barbell.