The parent of Myx exercise bikes’ connected fitness segment sales tumbled 87% to just $4,746,000 in the fourth quarter from $36,801,000 a year ago, lapping the Myx bike’s Holiday ’21 launch. For the full year revenues were down 11% to $38,195,000 from $42,738,000. Cost of sales still far exceeds revenue, at $10,544,000 in Q4 and $91,454,000 for all of 2022. BODY delivered 31,500 Myx bikes this year, down from 36,700 in 2021, but the volume in ... Log in to view full article.
