A $43.1 million impairment charge contributed to a net loss in the final quarter that expanded to $65,039,000 from a loss of $44,933,000, as total revenues declined 20% to $119,010,000 from $148,166,000. The connected fitness business dwindled 33% to just $3.2 million, amounting to 4,100 bikes delivered in the quarter. For the full year, connected fitness revenue was halved to $19.2 million, ... Log in to view full article.
