The expense reduction and channel expansion initiatives continue at the connected fitness and nutrition company, which outlined over $200 million in cuts during the ICR Conference. Since cash use in operations peaked at $340 million in ‘21, that figure was trimmed to $73 million in ‘22 and $24 million through the first three quarters of ‘23. The company has now identified a 1,000 b.p. improvement on a $550 million revenue run rate starting in ‘24, alongside another $40 million in fixed cost and CapEx savings, totaling a $210 million lowering of ... Log in to view full article.