Net loss narrowed 5% to $12,543,000 from $13,203,000 on 26% lower sales of $48,659,000 down from from $65,458,000 at the newly rebranded, former Nautilus. Direct segment revenues fell 15% to $20.7 million on lower Max Trainer and elliptical sales, but strength equipment grew 15% led by home gyms. Segment gross margin improved 70 b.p. to 13.4% as absorption of JRNY COGS and discounting largely offset favorable landed product costs and lower outbound freight. Retail (wholesale) segment sales dropped 30% to $27.8 million with both cardio and strength equipment lower. Retail gross ... Log in to view full article.