September 01, 2021
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.
The sustainability-focused sneaker and apparel brand’s net loss expanded to $25,860,000 in 2020, from a loss of $14,527,000 the year before, on 13% higher revenues of $219,296,000 up from $193,673,000, it revealed in an S-1 filed with the SEC for an initial public offering.
Net income rose 78% to $76,882,000 in the fiscal first quarter ended July 31, from $43,301,000 last year on a 20% gain in revenue to $274,609,000 over $229,885,000.
The outdoor retailer’s bottom line dropped 45% in the second quarter to $17,723,000 against $32,461,000 on 5% lower revenues of $361,778,000 down from $380,989,000, anniversarying the huge demand sparked by the pandemic and civil unrest last year.
In what is becoming a familiar refrain, NSSF-adjusted NICS FBI background checks declined in Aug. compared to 2020, but were otherwise the highest ever for the month.