The bottom line swung deep into the red in the final fiscal quarter ended June 30, tallying a net loss of $313.2 million against income of $89.1 million last year, on a 54% increase in total revenues to $936.9 million from $607.1 million. Blended gross margin was 27.1%, and operating expenses were higher across the board. Sales & marketing expense was up 172% on the resumption of media ad spending, and general and administrative expense grew 169% on investments in personnel, systems, member support, and the addition of Precor to the organization. Research & development more than tripled to $93.9 ... Log in to view full article.