Interactive Strength Sales Propelled by Acquisitions
TRNR said revenue skyrocketed 279% in the first quarter to $5.1 million from $1.4 million in the prior period, which includes only 21 days of Ergatta consolidated results following the close of the deal in Mar. However, on a pro forma basis that includes Ergatta for the full quarter, Q1 sales were around $7.7 million. Adjusted EBITDA narrowed 28% to a loss of $1.8 million against a loss of $2.5 million, but was around ... Log in to view full article.
