The embattled connected fitness company’s new chief executive will be former Spotify and Netflix CFO, Barry McCarthy, as co-founder John Foley becomes executive chairman, the company announced along with reporting a nearly half-billion-dollar loss in the Dec. quarter.

Net income attributable to shareholders soared 84% in the fourth quarter to ¥29,913 million ($263.1 mm) from ¥16,241 million prior, on 33% higher revenues of ¥151,328 million ($1,330.9 mm) up from ¥113,866 million.

Net income inched higher in the fiscal third quarter ended Dec. 31 to ¥1,814 million ($16.0 mm) from ¥1,812 million the year before, as revenues declined by 2% to ¥39,800 million ($350.0 mm) from ¥40,492 million.

Net income quadrupled to $3,645,000 in the fiscal first quarter ended Jan. 1, from $883,000 last year, on revenues that were up 17% to $110,746,000 over $94,723,000, with growth across channels in both operating segments.

Almost half of all Puma employees have been affected following a ransomware attack that hit Kronos, one of The Big Cat’s North American workforce management service providers.

Holland, OH-based team dealer ASB Sports is rebranding under the name Game One, and consolidating eight owned companies that it says give it a customer base of 13,000 schools and organizations in 38 states.

Seattle-based K2-MDV Holdings, parent of all K2 Sports and MDV brands, has rebranded itself Elevate Outdoor Collective, effective immediately.

The former Slinger Bag has taken a further step in its journey towards becoming an online analytics and connected sports platform with the addition of sports AI technology company Gameface.ai.