Profits attributable to shareholders grew by 12% in 2023 to RMB 1,030,009,000 ($145.4 mm) from RMB 921,694,000, as the Chinese sportswear company’s revenues increased 11% to RMB 14,345,508,000 ($2,025.1 mm) from RMB 12,930,385,000.

The path is clear for first-year EBITDA doubling and a long term mid-teens EBITDA with no need for top line growth in the post-ammo shedding Revelyst, VSTO officials told the Roth investor conference as they updated progress on the “GEAR Up” transformation program.

The Taiwanese exercise equipment maker is currently the stalking horse bidder for Bowflex, aiming to add the bankrupt company’s brand and assets to its portfolio that includes Matrix, Vision, and Horizon Fitness.

Net loss at the high-end putter and golf accessories startup widened to $4,625,000 for the full year ended Dec. 31, from a loss of $3,505,000 prior, as operating expenses dinged the bottom line.