Net loss narrowed 57% to $10,865,000 from $25,748,000 on an 18% drop in revenue to $110,183,000 from $134,948,000 for the second quarter as efforts to stanch the red ink progress, cutting total operating expenses by 20%. FCF was $5.3 million for the period compared to negative $19.4 million in the prior year. Gross margin, meanwhile, contracted 800 b.p. to 30.7%. The small connected fitness ... Log in to view full article.
