February 09, 2023
Net loss expanded to $72.7 million in 2022’s final quarter from a loss of $26.2 million prior, on 20% higher total revenues of $851.3 million over $711.7 million, which would have been up 25% constant currency.
The Big a’s profit from continuing operations dwindled to €254 million ($267 mm) last year from €1,492 million in 2021, according to a pre-announcement of unaudited results, on a 6% increase in sales to €22,511 million ($23,671 mm) from €21,234 million.
Net loss narrowed 18% to $11,082,000 for the fiscal third quarter ended Dec. 31, from $13,499,000 on sales that were down 33% to $98,079,000 from $147,258,000.
The Swedish helmet technology company’s net income plummeted 76% in the fourth quarter to SEK 19 million ($1.9 mm) from SEK 80 million as revenues fell 46% to SEK 107 million ($10.6 mm) from SEK 198 million, and were down 53% constant currency.
Zwift has raised another $620 million from investors including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings, according to Bloomberg, its first raise since a $450 million round in 2020 led by KKR.
Thule appointed Mattias Ankarberg, a current board member, to serve as president and CEO effective no later than Aug. 9.
Dick’s intends to redeem the outstanding 3.25% Convertible Senior Notes due 2025 for 100% of the $59,127,000 principal amount plus accrued and unpaid interest.
English Riding Supply is recalling about 54,570 Ovation Protégé equestrian helmets because they fail to meet ASTM F1163-15 impact requirements for this type of helmet.