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Article Date: May 2023
Word Count: 374

Nautilus Post Huge FY Loss, but Restructuring Makes Progress


Net loss widened 15% to $20,937,000 from $18,214,000 on sales that were down 43% to $68,419,000 from $119,724,000 for the fiscal fourth quarter ended Mar. 31, as both segments saw demand plunge from pandemic levels. Direct sales were off 30% at $41.6 million, with cardio down 29% and strength down 33%. Ongoing destocking saw the Retail segment fall 55% to $26.2 million on a 35% drop in cardio and 68% fall off in strength. International retail (outside U.S. and Canada) was up 4%. Both channels saw cardio suffer from lower bike ... Log in to view full article.

 


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