US Market News
2日前
TRNR Publishes Q&A With Ergatta Co-Founder and CEO Tom Aulet on the Business Behind Its Newest BrandJune 10, 2026 8:30 AM
ACCESS NewswireAUSTIN, TX / ACCESS Newswire / June 10, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today published a question-and-answer conversation with Tom Aulet, Co-Founder and CEO of Ergatta. The conversation is available on the Company's investor website at interactivestrength.com/updates.In the Q&A, Aulet explains what Ergatta is and who it is for, how its two lines of business fit together, and why game-based workouts build lasting fitness habits for a customer that class-based models have not reached. He also discusses how Ergatta operates within the TRNR portfolio and contributes to the group's path to profitability."We thought shareholders would have interest to hear directly from Tom about how Ergatta operates and how we think about some of our acquisitions," said Trent Ward, CEO of Interactive Strength Inc. "It is a profitable, cash-generative business with a differentiated product, and this conversation puts that in his own words."Ergatta joined TRNR on March 11, 2026. The full Q&A is available at interactivestrength.com/updates. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at ir@interactivestrength.com. For more information, see TRNR's investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contact
ir@interactivestrength.comErgatta Media Contact
media@ergatta.comAbout Ergatta:Ergatta is the leader in game-based connected fitness, offering a suite of addictive workout experiences and a line of premium rowing machines with embedded gaming content. Ergatta's content is personalized to each user, highly interactive, and designed to build lasting fitness habits through games rather than instructors. The company's 98.3% monthly retention rate is the highest in the connected fitness industry. www.ergatta.comAbout Interactive Strength Inc.Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. For more information about Interactive Strength, please visit www.interactivestrength.com.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the expected financial performance of Ergatta and the combined company; revenue and EBITDA projections, including TRNR's 2026 pro forma revenue guidance; the expected benefits of combining the companies' products and platforms, including deploying Ergatta's gaming experience across Wattbike and CLMBR; content licensing revenue growth; game and game-related product development, distribution and performance; realization of expected synergies; the expected cashflow profile of Ergatta and the combined company; the achievement of earn-out thresholds and the timing and form of any contingent consideration; the possibility of achieving operating leverage; and TRNR's ability to execute on its acquisition and growth strategy, including the timing, size, performance and outcomes of any additional announced mergers and acquisitions activity. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to successfully integrate Ergatta's operations; the ability to retain key personnel; the ability to achieve projected revenue, margin, retention and EBITDA targets; demand for our products and services and the products and services of subsidiary brands; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; our ability to source and close on acquisitions; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.# # #SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes Q&A With Ergatta Co-Founder and CEO Tom Aulet on the Business Behind Its Newest Brand
US Market News
1週前
Interactive Strength, Inc. Announces Change of Date for Annual Meeting of Stockholders to June 8June 3, 2026 5:01 PM
ACCESS NewswireAUSTIN, TX / ACCESS Newswire / June 3, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced that its 2026 Annual Meeting of Stockholders (the "Annual Meeting"), which was originally scheduled to be held on June 4, 2026, has been rescheduled due to changes in planned travel for key participants.The Annual Meeting is now scheduled to be held on June 8, 2026 at 10:00 a.m. Central Time. The record date for the Annual Meeting, April 8, 2026 (the "Record Date"), is unchanged and applies to the postponed Annual Meeting.Only stockholders of record as of the close of business on the Record Date are entitled to notice of and to vote at the postponed Annual Meeting.For more information, see TRNR's investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contact
ir@interactivestrength.comAbout Interactive Strength Inc.Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. For more information about Interactive Strength, please visit www.interactivestrength.com.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the expected date of the Annual Meeting. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to successfully integrate Ergatta's operations; the ability to retain key personnel; the ability to achieve projected revenue, margin, retention and EBITDA targets; demand for our products and services; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.# # #SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: Interactive Strength, Inc. Announces Change of Date for Annual Meeting of Stockholders to June 8
US Market News
1週前
TRNR Expands Content Licensing Deal Between Ergatta and iFIT until 2028, Driving Ergatta's Strong Profitability; M&A Pipeline Activity IncreasingJune 3, 2026 3:43 PM
ACCESS NewswireNew two-year deal extends content-licensing to middle of 2028 and grows Ergatta's game-based fitness content across iFIT's global platform of NordicTrack and ProForm equipmentErgatta, acquired by TRNR in March 2026, is expected to generate more than $10M in 2026 revenue at approximately 30% EBITDA margin, with strong profitability supported by content licensing extensionTRNR's pipeline of potential M&A targets is increasing and two separate preliminary Letters of Intent were submitted in May 2026AUSTIN, TX / ACCESS Newswire / June 3, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced that Ergatta has signed a two-year extension, to the middle of 2028, and expansion of its content licensing partnership with iFIT Inc., a global leader in connected fitness, content, and equipment, and parent company of NordicTrack and ProForm.The renewed agreement reflects the performance of game-based fitness as a differentiated content category for connected-fitness members. Since Ergatta's content launched on the iFIT platform in the spring of 2025, it has delivered measurable engagement across iFIT's treadmill, bike, and rower modalities.The extension follows the iFIT & Ergatta Spring Cup, a multi-week virtual competition hosted on the iFIT platform and powered by Ergatta's Races experience. Open to iFIT Pro members across treadmill, bike, and rower divisions, the event produced strong participation and member engagement. The partners intend to build on the format with a Fall Cup and are exploring an in-person component for future events."The renewal and expansion of the iFIT partnership demonstrates the quality and strategic value of Ergatta's game-based content," said Trent Ward, CEO of Interactive Strength Inc. "Ergatta is generating stable, recurring cash flow for the group, and remains on track to generate more than $10 million in 2026 revenue at approximately 30% EBITDA margins. This two-year extension and the monthly member retention above 98% provides significant visibility on profitability and reinforces our confidence in the group's 2026 pro forma revenue guidance of more than $30 million.""Additionally, as we discussed in our first-quarter earnings release, our M&A pipeline activity is increasing and of higher quality than at any prior point." Mr. Ward continued, "We have submitted two separate preliminary Letters of Intent for expected accretive opportunities and look forward to sharing more with TRNR shareholders in the coming months if they advance towards definitive documentation.""We are expanding our partnership with iFIT and bringing more of our game-based content to more members," said Tom Aulet, Co-Founder and CEO of Ergatta. "The renewal validates that games work across cardio modalities, including treadmills, and we look forward to introducing Endeavor to the iFIT community this fall."The expanded scope introduces Endeavor, Ergatta's most recent game, to iFIT members for the first time. Endeavor is a single-player action game that builds decision-making into the workout: players move through immersive environments and complete challenges by running, cycling, or rowing at target intensities. It complements Races, the head-to-head multiplayer game that began the partnership, giving iFIT Pro members a two-game suite that spans competition and single-player play. Endeavor will be available to iFIT Pro members across treadmills, bikes, and rowers this fall.The extended term and expanded scope increase the stability and predictability of Ergatta's high-margin, subscription-based revenue. Since TRNR completed its acquisition of Ergatta in March 2026, the brand has performed in line with management's expectations as a profitable, cash-generative asset within the TRNR portfolio.For more information, see TRNR's investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contact
ir@interactivestrength.comErgatta Media Contact
media@ergatta.comAbout Ergatta:Ergatta is the leader in game-based connected fitness, offering a suite of addictive workout experiences and a line of premium rowing machines with embedded gaming content. Ergatta's content is personalized to each user, highly interactive, and designed to build lasting fitness habits through games rather than instructors. The company's 98.3% monthly retention rate is the highest in the connected fitness industry. www.ergatta.comAbout iFIT Inc.iFIT Inc. is a global leader in fitness technology, pioneering connected fitness to help people live longer, healthier lives. With a community of more than 6 million athletes around the world, iFIT delivers immersive, personalized workout experiences at home, on the go, and in the gym. Powered by proprietary software, innovative hardware, and world-class content, the iFIT platform brings fitness to life through its portfolio of brands: NordicTrack, ProForm, Freemotion, and the iFIT app. For more information, visit iFIT.com.About Interactive Strength Inc.Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators. For more information about Interactive Strength, please visit www.interactivestrength.com.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the expected financial performance of Ergatta and the combined company; revenue and EBITDA projections, including TRNR's 2026 pro forma revenue guidance; the expected benefits of combining the companies' products and platforms, including deploying Ergatta's gaming experience across Wattbike and CLMBR; content licensing revenue growth; game and game-related product development, distribution and performance; realization of expected synergies; the expected cashflow profile of Ergatta and the combined company; the achievement of earn-out thresholds and the timing and form of any contingent consideration; the possibility of achieving operating leverage; and TRNR's ability to execute on its acquisition and growth strategy, including the timing, size, performance and outcomes of any additional announced mergers and acquisitions activity. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to successfully integrate Ergatta's operations; the ability to retain key personnel; the ability to achieve projected revenue, margin, retention and EBITDA targets; demand for our products and services and the products and services of subsidiary brands; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; our ability to source and close on acquisitions; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.# # #SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Expands Content Licensing Deal Between Ergatta and iFIT until 2028, Driving Ergatta's Strong Profitability; M&A Pipeline Activity Increasing
US Market News
3週前
TRNR Publishes Shareholder Letter Detailing Strong Q1 Results, Increased Q2 Guidance & Increasing MomentumMay 21, 2026 4:13 PM
ACCESS NewswireAUSTIN, TX / ACCESS Newswire / May 21, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today published a shareholder letter providing additional CEO commentary on its strong first quarter results for 2026, increased guidance for its second quarter and its increasing operational momentum.There is further discussion on other positive developments such as increased M&A pipeline activity, $4.7 million in cash and cash equivalents at the end of March 2026, and more than 105,000 shares acquired under the Company's share repurchase program in the letter.The full shareholder letter is available on the Company's website. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at ir@interactivestrength.com.About Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.ir@interactivestrength.comChannels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the Company's Q2 2026 revenue and adjusted EBITDA loss guidance of approximately $8 million and less than $1 million, respectively; the Company's 2026 full year guidance of more than $30 million in pro forma group revenue; the expected revenue and operating income contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue and approximately $4 million in 2026 operating income; the expected integration and performance of the Company's portfolio brands, including Wattbike and Ergatta; the Company's ability to achieve operational and financial targets, including run-rate profitability at the group level; the existence and status of letters of intent submitted with acquisition targets, including the two acquisition targets referenced herein, none of which have reached definitive agreements and any or all of which may not result in completed transactions; the continued availability and use of the Company's $0.5 million Stock Repurchase Program; and the Company's pursuit of additional accretive transactions. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period and the realization of expected post-acquisition cost reductions at Ergatta; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that letters of intent with acquisition targets will not result in definitive agreements or completed transactions; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes Shareholder Letter Detailing Strong Q1 Results, Increased Q2 Guidance & Increasing Momentum
US Market News
1月前
TRNR to Report Q1 2026 Results on May 20, 2026; Previews Preliminary Q1 Pro Forma Revenue of Approximately $7.7 MillionMay 13, 2026 9:00 AM
ACCESS NewswireTRNR Preliminary Pro Forma Q1 26 Revenue is Expected to be approximately $7.7 million; Preliminary Reported Q1 2026 Revenue Expected to be More Than $5.0 Million, Reflecting 21 Days of Ergatta Consolidation;TRNR May 12 Form 8-K/A Discloses Ergatta Full-Year 2025 Net Revenue of $12.4 Million, Income from Operations of $1.1 Million, and Net Income of $0.7 MillionPro forma combined 2025 revenue of Interactive Strength and Ergatta, as if the acquisition had been completed on January 1, 2025, was $24.0 millionAUSTIN, TX / ACCESS Newswire / May 13, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced that it expects to report its first quarter 2026 financial results on May 20, 2026, due to additional time required to incorporate the financials of the most recent acquisition, Ergatta. In connection with today's announcement, the Company is providing a preliminary preview of Q1 2026 top-line results. It is also highlighting the May 12 Form 8-K/A, which provides Ergatta, Inc.'s audited, historical financial statements for the fiscal years ended December 31, 2025 and 2024 and unaudited pro forma combined financial information of Interactive Strength and Ergatta.Trent Ward, CEO of TRNR, stated: "We are excited to report the first set of financials that begin to consolidate Ergatta, and we wanted to provide notice that we would be utilizing the automatic five-day extension and are expecting to report Q1 on May 20. There is additional work when integrating an acquisition into our reporting and we want to ensure we have sufficient time to complete the work.""We are expecting to report Q1 2026 revenue of more than $5.0 million, reflecting the 21 days of Ergatta's performance that are included in the quarter. On a pro forma basis, which demonstrates the group performance as if Ergatta were included for the full quarter, we expect to have generated approximately $7.7 million in Q1 revenue. We expect to provide complete Q1 financials, summary Q2 forward guidance, and updated commentary on our acquisition pipeline and stock repurchase program on May 20.""Lastly, we filed the 8-K/A for the Ergatta transaction on May 12 and this reports Ergatta's audited 2025 financials and the pro forma combined financial information of Interactive Strength and Ergatta into the public record. The historical numbers describe a business that, on a standalone basis in 2025, generated $12.4 million in revenue, $7.2 million in gross profit at a 58% gross margin, $1.1 million in income from operations, and $0.7 million in net income. Due to cost cutting as a result of the acquisition, we are expecting Ergatta's operating income to be approximately $4.0 million in 2026."Q1 2026 Earnings Release DateTRNR expects to issue its Q1 2026 earnings release on May 20, 2026. The Company is expected to file a Notification of Late Filing (Form 12b-25) with the Securities and Exchange Commission to use the standard five-calendar-day-extension. The additional time supports completion of the Company's integration accounting following the March 11, 2026 closing of the Ergatta acquisition.Preliminary Q1 2026 Revenue PreviewBased on preliminary, unaudited results, the Company expects to report Q1 2026 revenue of more than $5.0 million. This preliminary figure reflects the first full quarter of Wattbike consolidation following the July 1, 2025 acquisition close, and 21 days of Ergatta consolidation following the March 11, 2026 acquisition close. When including Ergatta for the full period, revenue would have been approximately $7.7 million.Final results, including net loss, Adjusted EBITDA (non-GAAP), and a complete reconciliation, will be reported on May 20, 2026.The Company also reiterates that it expects 2026 full year pro forma revenue of more than $30 million.Form 8-K/A Disclosures: Ergatta Historical and Pro Forma Combined Financial InformationOn May 12, 2026, the Company filed a Current Report on Form 8-K/A providing the audited historical financial statements of Ergatta, Inc. for the fiscal years ended December 31, 2025 and 2024 and unaudited pro forma combined financial information of Interactive Strength and Ergatta.The 8-K/A amends the Company's original Form 8-K dated March 11, 2026 reporting the closing of the Ergatta acquisition. Selected Ergatta historical financial information for the year ended December 31, 2025 disclosed in the Form 8-K/A includes:Net revenue of $12.4 million, including $8.5 million of subscription and content licensing revenue (an increase from $7.7 million in 2024).Gross profit of $7.2 million, representing a gross margin of approximately 58%.Income from operations of $1.1 million.Net income of $0.7 million.Cash and cash equivalents of $3.5 million as of December 31, 2025.Pro forma combined 2025 revenue of Interactive Strength and Ergatta, as if the acquisition had been completed on January 1, 2025, was $24.0 million, as reported in the Form 8-K/A.The pro forma combined financial information is presented for illustrative purposes only and is not necessarily indicative of results that would have been reported.The full Form 8-K/A, including the audited Ergatta financial statements and the unaudited pro forma combined financial information, is available on the Company's investor relations website and through the SEC's EDGAR system.For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC).TRNR Investor Contact:ir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to: the Company's expected May 20, 2026 issuance of its Q1 2026 earnings release; the Company's expected timing of filing its Quarterly Report on Form 10-Q within the standard five calendar day extension period available under Rule 12b-25; the Company's preliminary Q1 2026 revenue expectation of approximately $5.1 million, which is preliminary and unaudited and which may differ materially from final reported results; the Company's previously disclosed 2026 pro forma revenue guidance of more than $30 million; the expected continued integration and performance of Wattbike and Ergatta; and the Company's ability to achieve operational and financial targets. The unaudited pro forma combined financial information referenced in this press release is presented for illustrative purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized had the acquisition been completed on the dates indicated, nor is it indicative of future operating results or financial position. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the Company's ability to complete the preparation and filing of its Quarterly Report on Form 10-Q within the extension period; the possibility that final Q1 2026 financial results may differ materially from the preliminary unaudited revenue figure presented herein; demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies, including the integration of Ergatta in its first full reporting period; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR to Report Q1 2026 Results on May 20, 2026; Previews Preliminary Q1 Pro Forma Revenue of Approximately $7.7 Million
US Market News
2月前
TRNR Publishes Q4 & Year-End 2025 Shareholder Letter Discussing Record Results & Expectations for 2026 Given Company TransformationApril 1, 2026 3:10 PM
ACCESS NewswireAUSTIN, TX / ACCESS Newswire / April 1, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today published a shareholder letter providing additional CEO commentary on 2025's record results.The full shareholder letter is available on the Company's website. Shareholders may register for updates at interactivestrength.com/updates or contact the Company at ir@interactivestrength.com.About Interactive Strength Inc.Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.For more information about Interactive Strength, please visit www.interactivestrength.com.Investor Contact:ir@interactivestrength.comForward-Looking StatementsThis press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's 2026 revenue guidance of more than $30 million; the expected revenue and EBITDA margin contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue at approximately 30% EBITDA margins and monthly net revenue retention of more than 98%; the expected integration and performance of the Company's portfolio brands; and the Company's ability to achieve operational and financial targets. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes Q4 & Year-End 2025 Shareholder Letter Discussing Record Results & Expectations for 2026 Given Company Transformation
US Market News
2月前
TRNR Reports Record Full-Year 2025 Results, Driven by 114% Revenue Growth; Confirms 2026 Guidance of $30M+ in Pro Forma Revenue & $0.5M Stock Repurchase ProgramMarch 31, 2026 9:47 AM
ACCESS NewswireFull-Year Net Loss of $24.0 Million; Full Year Adjusted EBITDA Loss of Approximately $9.6 Million2025 Revenue would have been $20.7 Million if Wattbike had been Consolidated for the Full Year (Acquisition Closed July 1, 2025)Revenue and Earnings from the Acquisition of Ergatta Will Be Reported Starting in Q1 2026AUSTIN, TX / ACCESS Newswire / March 31, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, FORME and Ergatta brands, today announced financial results for its fourth quarter and full year ended December 31, 2025.Annual Financial HighlightsFor the full year, TRNR reported record revenue of $11.5 million, representing 114% year-over-year growth versus $5.4 million in 2024, a net loss of $24.0 million - a 31% improvement from 2024 - and an adjusted EBITDA loss of approximately $9.6 million (non-GAAP).Full year gross margin increased to 7.9%, which is an improvement of approximately 60% in gross margin from 2024.Fourth quarter revenue of $4.1 million was the highest revenue quarter of the year, with a gross margin of 14.1%.Full year revenue would have been $20.7 million if Wattbike had been consolidated for the entire year as opposed to the partial year, as the acquisition was closed on July 1, 2025. No financials from Ergatta have been included as that acquisition closed after the fiscal year ended.OutlookTRNR confirmed its 2026 full year guidance of more than $30 million in pro forma revenue, driven by the full-year consolidation of Wattbike and the addition of Ergatta, which closed March 11, 2026. Ergatta is expected to generate more than $10 million in 2026 revenue at approximately a 30% EBITDA margin and monthly net revenue retention of more than 98%. The Company's 2026 guidance does not assume any additional acquisitions, which would be expected to result in an increase in guidance.TRNR's $0.5 million Stock Repurchase Program would represent approximately 19% of the 2.1 million shares outstanding at the most recent closing price.TRNR CEO, Trent Ward, stated that: "While 2025's record results have started to show some of the progress we have made, the developments of the first few months of 2026 have accelerated the groundwork required for TRNR's transformation. Three weeks ago, we acquired Ergatta, which we expect will generate cashflow for the group with no dilution in 2026, and drive our 2026 revenue to more than $30 million on a pro forma basis. In early March, we received $6.4 million from Sportstech, which was a full recovery of our capital, plus a return beyond expenses that has led to TRNR's first stock repurchase program, representing 19% of the shares outstanding at the last closing price. And, our post-acquisition work on Wattbike is starting to bear fruit and we believe that transaction will be a home run, which we look forward to sharing more about later this year."Mr. Ward continued: "Through a combination of Ergatta's strong profitability being added to the group, and the expected improvement in Wattbike's earnings from our initiatives, we expect to achieve run-rate profitability within the next twelve months at the group level. This stronger earnings profile is further supported by the successful recovery of the Sportstech loan, leading to a significantly stronger liquidity and runway profile than we ever have had. We believe this demonstrates the effectiveness of our acquisition-driven growth model and we are actively pursuing additional accretive transactions to accelerate that profitability milestone."For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR expects to issue a shareholder letter in the coming weeks.TRNR Investor Contact:ir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, FORME and Ergatta - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.Non-GAAP Financial MeasuresIn addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating performance. The Company's non-GAAP financial measure in this press release consists of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related expenses. The Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons:Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired.Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance.Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.Our use of Adjusted EBITDA is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools, including the following:Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements.Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy.Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us.Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets.Adjusted EBITDA does not reflect (gains) losses associated with debt extinguishments.Adjusted EBITDA does not reflect losses associated with vendor settlements.Adjusted EBITDA does not reflect transaction related expenses for the Wattbike, CLMBR, and Ergatta acquisitions.Adjusted EBITDA does not reflect non-cash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses).Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's 2026 revenue guidance of more than $30 million; the expected revenue and EBITDA margin contribution of Ergatta, including the expected contribution of more than $10 million in 2026 revenue at approximately 30% EBITDA margins and monthly net revenue retention of more than 98%; the expected integration and performance of the Company's portfolio brands; and the Company's ability to achieve operational and financial targets. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta, which may differ materially from expectations; and our reliance on a limited number of suppliers and distributors. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Reports Record Full-Year 2025 Results, Driven by 114% Revenue Growth; Confirms 2026 Guidance of $30M+ in Pro Forma Revenue & $0.5M Stock Repurchase Program
US Market News
3月前
TRNR Authorizes First Stock Repurchase Program; $500,000 Program Represents 20% Of Shares Outstanding at Last Closing PriceMarch 20, 2026 8:30 AM
ACCESS NewswireGuidance of more than $30 million in pro forma 2026 revenue and near-term profitability highlights TRNR share price opportunityProfit of more than $500,000 after expenses on Sportstech Loan repayment drives TRNR's initial Stock Repurchase ProgramAUSTIN, TX / ACCESS Newswire / March 20, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner and operator of the Wattbike, Ergatta, FORME and CLMBR fitness brands, today announced that its Board of Directors has authorized a stock repurchase program of up to $500,000 (the "Repurchase Program"). The Company intends to repurchase shares of its common stock on the open market through HC Wainwright & Co., LLC, subject to market conditions, applicable securities laws, and the Company's policies governing insider transactions. Those policies include customary blackout periods that preclude the Company and Company insiders from purchasing shares during certain periods - including the several weeks preceding the announcement of earnings.Trent Ward, CEO of TRNR, said: "We're very proud to have closed the Ergatta acquisition, as we committed to do. TRNR now owns four premium fitness brands that are expected to generate more than $30 million in pro forma 2026 revenue. We also expect to achieve profitability in the near term, driven by execution and accretive acquisitions, which is a substantial transformation of our operating performance in a short time. On top of this significant operating progress, and given that Sportstech loan recovery provided us with capital to operate and also generated more than $500,000 in return beyond principal and expenses, the Board has approved TRNR's first stock repurchase program.""We see compelling value in TRNR shares," Mr. Ward continued, "and believe the market will recognize this value as we report financial performance that demonstrates Wattbike's positive momentum, and which includes Ergatta, later this year. While we do not expect the share price to stay depressed, it's incredible that, at the last closing price, we could repurchase approximately 20% of the two million shares currently outstanding by executing the authorized $500,000 stock repurchase in the open market. We are focused on creating shareholder value through acquisitions and repurchasing TRNR shares is another strategy that we expect to use going forward when the opportunity is presented."Purchases under the Repurchase Program may be made from time to time on the open market at prevailing market prices, in compliance with all applicable laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Repurchase Program does not obligate the Company to acquire any specific number or dollar amount of shares and may be suspended, modified, or discontinued at any time at the Company's discretion without prior notice.About Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, Ergatta, FORME and CLMBR - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.Ergatta is the leader in game-based connected fitness, offering a suite of addictive workout experiences and a line of premium rowing machines with embedded gaming content. Ergatta's content is personalized to each user, highly interactive, and designed to build lasting fitness habits through games rather than instructors.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.TRNR Investor Contactir@interactivestrength.com
interactivestrength.com* * *This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. These forward-looking statements include, but are not limited to, statements regarding the Company's anticipated achievement of profitability, the intended execution and scope of the Repurchase Program, the expected percentage of outstanding shares that may be repurchased under the program, management's views regarding the Company's intrinsic value and share price, and the Company's expectations regarding shareholder value creation. The reader is cautioned not to rely on these forward-looking statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. A further list and descriptions of risks, uncertainties and other factors can be found in TRNR's filings with the Securities and Exchange Commission.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Authorizes First Stock Repurchase Program; $500,000 Program Represents 20% Of Shares Outstanding at Last Closing Price
US Market News
3月前
TRNR Exhibits at HFA 2026 with All Four Brands and Strong Leadership PresenceMarch 17, 2026 8:30 AM
ACCESS NewswireTRNR Now Operates Four Premium Fitness Brands Following Acquisition of Ergatta, Leading to Increased Guidance of more than $30 Million in 2026 Pro Forma RevenueWattbike CEO Stephen Loftus and Newly Acquired Ergatta CEO Tom Aulet Among Executives Representing TRNR's Multi-Brand Portfolio at Largest Commercial Fitness Trade Show in the USHFA Show Draws More Than 10,000 Attendees from Over 80 CountriesAUSTIN, TX / ACCESS Newswire / March 17, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner and operator of the Wattbike, CLMBR, FORME, and Ergatta fitness brands, today announced its attendance at the 2026 Health & Fitness Association Show ("HFA 2026") at the San Diego Convention Center. The Company is attending with all four of its brands and its largest-ever senior leadership team at the event. Investors can read more about TRNR's goals and presence at the show in today's commentary on the TRNR IR site.Trent Ward, CEO of TRNR, said: "HFA is the most important commercial fitness event in the US, and TRNR's presence this year reflects how significantly the company has grown. Last year, we had two brands at this show. A year later, and we have doubled that presence. The additions - Wattbike and Ergatta - have increased our commercial footprint by many multiples, and the respective CEOs are here driving those businesses further forward. The whole team is also evaluating other potential acquisition candidates as HFA has historically been a place where we encounter compelling businesses, and we expect that pattern to continue this year. The portfolio we have built is becoming one of the most meaningful platforms in fitness, and we expect to add additional brands to it in the near-term."About HFA 2026The Health & Fitness Association Show is the premier annual gathering of the global commercial fitness industry. HFA 2026 runs March 16-18 at the San Diego Convention Center, with the trade show floor open March 17-18. The event draws more than 10,000 attendees from over 80 countries and more than 400 exhibiting companies - from early-stage innovators to the world's largest fitness equipment suppliers. Attendees include health club owners, gym operators, hospitality procurement professionals, and international distributors.2026 ContextWith the completion of the Ergatta acquisition earlier this month, TRNR now operates four premium fitness brands and has confirmed 2026 pro forma revenue guidance of more than $30 million. For detailed information on TRNR's strategy and financial outlook, investors are directed to TRNR's investor presentation and FAQ on the Company's investor website, as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contact
ir@interactivestrength.com
interactivestrength.com* * *This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. These forward-looking statements include, but are not limited to, statements regarding 2026 revenue guidance, M&A activity, acquisition candidate evaluation, and commercial performance expectations. The reader is cautioned not to rely on these forward-looking statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. A further list and descriptions of risks, uncertainties and other factors can be found in TRNR's filings with the Securities and Exchange Commission.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Exhibits at HFA 2026 with All Four Brands and Strong Leadership Presence
US Market News
3月前
TRNR Updates FAQ's & Investor Deck Following Ergatta Closing and Increased Guidance to more than $30 Million in 2026 Pro Forma RevenueMarch 13, 2026 12:40 PM
ACCESS NewswireAUSTIN, TX / ACCESS Newswire / March 13, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and recent acquirer of Ergatta, today announced it had updated its FAQs and Investor Deck in connection with the timely closing of its acquisition of Ergatta and confirmed its increased guidance to more than $30 million in 2026 pro forma revenue. The Company urges all shareholders to review the information and updates carefully.TRNR Investor Contactir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Updates FAQ's & Investor Deck Following Ergatta Closing and Increased Guidance to more than $30 Million in 2026 Pro Forma Revenue
US Market News
3月前
TRNR Completes Acquisition of Ergatta, Confirms Increased 2026 Pro Forma Revenue Guidance of $30m+March 11, 2026 9:05 AM
ACCESS NewswireErgatta's 2026 Revenue Expected to Exceed $10 Million with Approximately 30% EBITDA MarginTRNR received $6.4 Million on March 4th from Sportstech and paid $1.8 Million to Ergatta shareholders to Close AcquisitionErgatta is Expected to Generate Cashflow for TRNR in 2026 in Excess of Closing Cash ConsiderationAUSTIN, TX AND BROOKLYN, NY / ACCESS Newswire / March 11, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner of the Wattbike, FORME, and CLMBR connected fitness brands, today announced it has completed its previously announced acquisition of Ergatta, Inc., the pioneer in game-based connected fitness - significantly strengthening its portfolio of brands and accelerating its growth. The deal represents a major step towards TRNR's near-term objective of profitability through increased scale.Ergatta is a Brooklyn-based connected fitness company that pioneered game-based fitness content, building a stable, cash-generating subscription business with industry leading monthly net retention of more than 98%. Ergatta is expected to generate revenue of more than $10 million in 2026, with approximately 70% from recurring subscriptions providing high revenue visibility, and approximately a 30% EBITDA margin. Additionally, Ergatta operates an asset-light business model that generates strong operational cashflow without requiring investment in inventory.With the acquisition now completed, TRNR confirms its increased 2026 pro forma revenue guidance of more than $30 million. As shown in the Company's latest investor presentation, the acquisition of Ergatta is expected to be a key 2026 catalyst and a driver of overall profitability in the near-term, alongside continued Wattbike performance. In addition to the expected cashflow from Ergatta, TRNR operations will be financed by the $6.4 million of received from Sportstech last week."The beginning of March has been exciting for TRNR, as we delivered on two of the three key catalysts that we outlined in our February investor presentation. We received $6.4 million from Sportstech, closing that chapter with a positive return that allows us to invest into our growing businesses without additional dilution, and we completed the acquisition of Ergatta as we said we would," said TRNR CEO, Trent Ward. "Ergatta is a very strong brand and business, and we expect that it will be immediately accretive to TRNR's financials and product experience.""Our team is very proud that we've built the most engaging fitness content platform in the world, and we've done it profitably," said Tom Aulet, Co-Founder and CEO of Ergatta. "Joining TRNR provides us the opportunity to grow Ergatta and also the Ergatta gaming experience across other hardware brands. This is the right next step for our business, and we are looking forward to executing as part of TRNR."Mr. Ward continued: "Ergatta's best-in-class gaming experience has already been licensed by iFIT, one of the biggest fitness equipment brands in the world, and we plan to add the gaming experience to Wattbike and CLMBR. The Ergatta team also has strong customer acquisition capabilities and we expect that they will be able to help drive revenue growth in the US for our brands. As with all of our acquisitions, we are focused on minimizing near-term dilution and protecting downside with transaction valuation tied to future performance, while generating incremental upside from group synergies."Transaction StructureTRNR has acquired 100% of Ergatta through a combination of cash, debt, stock and future contingent consideration. The base transaction value of $8.8 million is comprised of $1.8 million cash consideration at close, $1.8 million in debt and $5.3 million in equity that is locked up until May 2027. TRNR expects to receive more cashflow from Ergatta in 2026 than the initial cash consideration paid. The initial cash consideration at closing was funded through TRNR's cash on hand prior to the transaction. Ergatta's founders and key management team members have agreed to employment arrangements and are expected to continue leading the business post-acquisition.Assuming full achievement of the earn-outs, the maximum Ergatta enterprise value would be $19.5 million and, given the upper 2026 EBITDA earn-out threshold of approximately $4.0 million, TRNR expects the multiple of EBITDA to be less than 5.0x, before any TRNR group synergies.For more information, see TRNR's investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contact:ir@interactivestrength.comErgatta Media Contact:media@ergatta.comAbout Ergatta:Ergatta is the leader in game-based connected fitness, offering a suite of addictive workout experiences and a line of premium rowing machines with embedded gaming content. Ergatta's content is personalized to each user, highly interactive, and designed to build lasting fitness habits through games rather than instructors. The company's 98.3% monthly retention rate is the highest in the connected fitness industry. www.ergatta.comAbout Interactive Strength Inc.Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.For more information about Interactive Strength, please visit www.interactivestrength.com.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the expected financial performance of Ergatta and the combined company; revenue and EBITDA projections, including TRNR's 2026 pro forma revenue guidance; the expected benefits of combining the companies' products and platforms, including deploying Ergatta's gaming experience across Wattbike and CLMBR; content licensing revenue growth; realization of expected synergies; the expected cashflow profile of Ergatta and the combined company; the achievement of earn-out thresholds and the timing and form of any contingent consideration; the possibility of achieving operating leverage; and TRNR's ability to execute on its acquisition and growth strategy. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to successfully integrate Ergatta's operations; the ability to retain key personnel; the ability to achieve projected revenue, margin, retention and EBITDA targets; demand for our products and services; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Completes Acquisition of Ergatta, Confirms Increased 2026 Pro Forma Revenue Guidance of $30m+
US Market News
3月前
TRNR Updates FAQ'S Following Full Loan Recovery and Successful Legal Settlement with SportstechMarch 5, 2026 9:00 AM
ACCESS NewswireAUSTIN, TEXAS / ACCESS Newswire / March 5, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer or Ergatta, today announced it had updated its FAQs in connection with its full loan recovery and successful legal settlement with Sportstech. The Company urges all shareholders to review the information and updates carefully.TRNR Investor Contactir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Updates FAQ'S Following Full Loan Recovery and Successful Legal Settlement with Sportstech
US Market News
3月前
TRNR Announces Full Loan Recovery and Successful Legal Settlement with SportstechMarch 4, 2026 9:15 AM
ACCESS NewswireGerman borrower has repaid full principal amount of $5.0M, plus interest and expense reimbursement of $1.4MTRNR generates financial return after legal and transaction expenses, providing financing to achieve more than $30M in 2026 pro forma revenueAUSTIN, TEXAS / ACCESS Newswire / March 4, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, and pending acquirer of Ergatta, today announced that Sportstech Brands Holding GmbH has repaid its outstanding loan obligations and resolved the related legal proceedings. Under the terms of the settlement, Sportstech paid TRNR $6.4 million, representing full recovery of the $5.0 million loan principal plus interest and expense reimbursement, covering all transaction expenses and generating a return on the working capital loan. As a result, TRNR will withdraw its lawsuits and cancel the public auction of pledged Sportstech shares scheduled for March 11, 2026."Following our decisive win in the Berlin court last week, we successfully resolved the Sportstech dispute and recovered all of our capital as we said we would," said Trent Ward, Chief Executive Officer of TRNR. "While the acquisition did not complete as we had hoped, we covered all legal and transaction expenses and generated a return in addition to recovering the loan principal."Ward continued: "This settlement is a great outcome for our investors as it removes a distraction for TRNR management and provides the necessary funding to execute on our growth plan and achieve profitability in the near-term. We can now turn our full attention to where it should be : on closing the Ergatta acquisition, accelerating Wattbike's commercial momentum further, and executing against our 2026 pro forma revenue guidance of more than $30 million."Settlement Terms: $6.4M Already PaidThe settlement resolves all claims arising from the January 2025 and May 2025 loan agreements between TRNR and Sportstech, including the Share Pledge Agreement of 100% of Sportstech Brands Holding GmbH shares. The $6.4 million settlement has already been received by TRNR. TRNR now retains no ownership interest in or involvement with Sportstech.Forward FocusWith the Sportstech matter resolved, TRNR's operational priorities are clear:Ergatta: Closing and integrating the Ergatta acquisition, which is expected to add more than $10 million in annual revenue with approximately 30% EBITDA margins upon completion.Wattbike: Continuing to scale the Air-Pro product line, which has delivered 700-plus bikes and approximately $2.5 million in UK commercial revenue since the July 2025 acquisition, with expansion into the U.S. and European markets.Revenue Growth: Executing against the Company's 2026 pro forma revenue guidance of more than $30 million, representing a nearly sixfold increase from $5.4 million in 2024.About Interactive Strength, Inc.Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Investor Relations Contact:ir@interactivestrength.comForward-Looking StatementsThis press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding settlement payment receipt and timing, acquisition closing and integration, revenue targets, operational priorities, and capital deployment. The reader is cautioned not to rely on these forward-looking statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.###SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Announces Full Loan Recovery and Successful Legal Settlement with Sportstech
US Market News
4月前
TRNR Wins Decisively in Berlin Court Against Sportstech's ClaimsFebruary 24, 2026 3:20 PM
ACCESS NewswireBerlin Regional Court dismisses conclusively all Sportstech claims across three attempted injunctionsCourt Orders Sportstech to Pay for the Cost of the ProceedingsMarch 11 Auction of Sportstech Continues as AnnouncedAUSTIN, TX / ACCESS Newswire / February 24, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced it has just received the decision of the Berlin Regional Court (Ref: 42 O 111/26 eV), which conclusively dismissed all claims by Sportstech and Ali Ahmad as to the legality of the loan agreement and share pledge and ordered Sportstech to pay related court and legal fees. The March 11 auction of Sportstech shares continues as planned."Sportstech and Mr. Ahmad have claimed fanciful defenses in order to not fulfill their obligations and to frustrate our legally entitled enforcement actions such as the auction all of the Sportstech shares on March 11, but the Berlin Regional Court conclusively dismissed all of these baseless claims," said Trent Ward, CEO of TRNR."As we expected, all of the claims by Sportstech and Mr. Ahmad as to why they believed that they did not need to adhere to the loan agreement and share pledge were dismissed. The decision was conclusive in addressing the bizarre statements that Sportstech and Mr. Ahmad have made, prompting the Berlin Regional Court Judge to write that "it is also incomprehensible why [Sportstech and Mr. Ahmad] entered into such a contract if the terms were apparently not in line with market conditions."Sportstech and Mr. Ahmad have filed three separate interim injunctions since early January, and all three have been unsuccessful. One was inadmissible, one was withdrawn after TRNR counsel submitted a response and the final one was rejected today by the Berlin Regional Court, which also ordered Sportstech to pay for the cost of the proceedings, which includes the costs of the court and of TRNR's legal counsel.Bidders in the March 11 auction of Sportstech's shares are encouraged to registered by emailing sportstech@interactivestrength.com in order to receive a NDA and be granted access to the data room.TRNR will continue to pursue all remedies to satisfy its nearly $7.0 million claim against Sportstech and Mr. Ahmad.Summary of The Court's FindingsIn its decision, the Court addressed and rejected each of Sportstech and Mr. Ahmad's substantive arguments. Key findings include:On the validity of the loan agreement:The Court found that Mr. Ahmad's claim that the loan terms were unconscionable was asserted "in general terms and without any substantiation." The Court further noted that it was "incomprehensible why the limited liability company entered into such a contract if the terms were apparently not in line with market conditions" given Mr. Ahmad's own assertion that Sportstech could have obtained more favorable financing elsewhere. The Court found "no evidence that [TRNR] forced the limited liability company to enter into the loan agreement."On the allegation of deception:The Court reviewed TRNR's communications with Sportstech and found "the exact opposite" of Mr. Ahmad's claims - specifically, that TRNR "clearly stated that the collateral will be required if the loan is not repaid" and that "repayment by the end of 2025 is entirely in the hands of [Mr. Ahmad] or the GmbH." The Court concluded: "There is no indication ... that [TRNR] allegedly misled the limited liability company/applicant from the outset."On the public auction:The Court confirmed that TRNR "is proceeding by way of a public auction in accordance with § 1235 BGB [German Civil Code] as provided for by law and not by way of a private sale," rejecting Mr. Ahmad's argument that TRNR intended to acquire the shares below their value.Procedural ContextToday's decision is one component of TRNR's broader enforcement strategy. The public auction of Mr. Ahmad's pledged shares in Sportstech Brands Holding GmbH remains scheduled for March 11, 2026. Additional legal proceedings initiated by the Company against Sportstech and Mr. Ahmad in German courts remain active.As previously disclosed, TRNR is owed nearly $7.0 million under the Loan Agreement, inclusive of principal, interest, and fees.Documentation AvailableThe Company has shared details on the Sportstech enforcement process on its investor website interactivestrength.com. The Loan Agreement, Share Pledge Agreement, and all related SEC filings remain available on that page for shareholder reference.TRNR Investor Contactir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq: TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Forward-looking statements in this press release include, but are not limited to, statements regarding: the Company's enforcement strategy; the anticipated March 11, 2026 public auction of Sportstech shares and related processes; the Company's ability to recover amounts owed under the Loan Agreement; the outcome, timing, or impact of current or future legal proceedings; the Company's pursuit of remedies against Sportstech and Mr. Ahmad; and the Company's future business performance, growth strategies, product demand, and market opportunities. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Wins Decisively in Berlin Court Against Sportstech's Claims
US Market News
4月前
TRNR Provides Commercial Update on FORME PGA Show Appearance, Golf & College Verticals, Wattbike SynergiesFebruary 24, 2026 9:00 AM
ACCESS NewswireAUSTIN, TEXAS / ACCESS Newswire / February 24, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today published a commercial update on activities across the FORME and Wattbike brands and their expansion in both the golf and college verticals. Shareholders can find the detailed description of increasingly integrated brand activities on the IR homepage or at https://interactivestrength.com/commercial-update-forme-wattbike-pga/TRNR Investor Contactir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.# # #SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Provides Commercial Update on FORME PGA Show Appearance, Golf & College Verticals, Wattbike Synergies
US Market News
4月前
TRNR Updates FAQ's, Publishes New Investor Deck With 50% Increase of 2026 Pro Forma Revenue Guidance To More Than $30MFebruary 23, 2026 10:10 AM
ACCESS NewswireCompany Addresses Ergatta Acquisition, 2026 Guidance, Sportstech Loan and Share Pledge Enforcement, Reverse SplitAUSTIN, TEXAS / ACCESS Newswire / February 23, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced it had updated its FAQs and Investor Presentation, highlighting the increase of its 2026 pro forma revenue guidance of more than $30 million. The Company urges all shareholders to review the information and updates carefully.TRNR Investor Contactir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq: TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Updates FAQ's, Publishes New Investor Deck With 50% Increase of 2026 Pro Forma Revenue Guidance To More Than $30M
US Market News
4月前
TRNR Publishes CEO Letter Discussing Recent Deal & Company Next StepsFebruary 20, 2026 10:58 AM
ACCESS NewswireAUSTIN, TEXAS / ACCESS Newswire / February 20, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today published a letter from the CEO commenting on the Company's most recent acquisition; the required-but-not-desired reverse split; Sportstech loan enforcement; and his perspective on TRNR's road forward from here. The Company encourages investors to read and review the letter thoroughly.The CEO letter is available at interactivestrength.com/investors.TRNR Investor Contact:ir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes CEO Letter Discussing Recent Deal & Company Next Steps
US Market News
4月前
Interactive Strength Inc. (Nasdaq:TRNR) Announces 1-for-10 Reverse SplitFebruary 20, 2026 9:00 AM
ACCESS NewswireAUSTIN, TEXAS / ACCESS Newswire / February 20, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands, today announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-10. The reverse stock split will become effective on February 24, 2026. The Company's common stock will begin trading on a post-split basis at the market open on February 24, 2026, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y500. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.The reverse stock split was approved by the Company's stockholders at the Company's Annual Meeting of Stockholders held on September 26, 2025, to be effected in the discretion of the Company's board of directors within approved parameters. The final ratio was approved by the Company's board of directors on February 6, 2026.The reverse stock split reduces the number of shares of the Company's outstanding common stock from approximately 14.3 million shares to approximately 1.4 million shares. As a result of the reverse stock split, proportionate adjustments will be made to the number of shares of the Company's common stock underlying the Company's outstanding equity awards and warrants and the number of shares issuable under the Company's equity incentive plans and other existing agreements, as well as the exercise or conversion price, as applicable. There will be no change to the number of authorized shares or the par value per share of the Company's common stock.Information for TRNR StockholdersAs a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The Company's transfer agent, Equiniti Trust Company, LLC, will serve as the exchange agent for the reverse stock split.Registered stockholders holding pre-split shares of the Company's common stock electronically in book-entry form are not required to take any action to receive post-split shares. Those stockholders who hold their shares in brokerage accounts or in "street name" will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker's particular processes, and will not be required to take any action in connection with the reverse stock split. Stockholders holding shares of the Company's common stock in certificate form will have their holdings of the Company's common stock automatically adjusted to reflect the reverse stock split.No fractional shares will be issued in connection with the reverse stock split. Stockholders who otherwise would be entitled to receive fractional shares will receive cash for each fraction of a share they hold.TRNR Investor Contact
ir@interactivestrength.comAbout Interactive Strength Inc.:Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: market and other conditions, demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: Interactive Strength Inc. (Nasdaq:TRNR) Announces 1-for-10 Reverse Split
US Market News
4月前
TRNR Signs Definitive Agreement to Acquire Ergatta, Increasing 2026 Pro Forma Revenue Guidance by 50% to More than $30mFebruary 18, 2026 11:30 AM
ACCESS NewswireErgatta's 2026 Revenue is expected to exceed $10 million with approximately 30% EBITDA marginPerformance-linked transaction valuation ensures attractive acquisition multiple and structure generates immediate cashflow for TRNRDeal expected to close in Q1; TRNR expected to generate more than $30 million in 2026 Pro Forma RevenueAUSTIN, TX and BROOKLYN, NY / ACCESS Newswire / February 18, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner of the Wattbike, FORME, and CLMBR connected fitness brands, today announced it has signed a definitive agreement to acquire Ergatta, Inc., the pioneer in game-based connected fitness. The parties signed a letter of intent on January 9, 2026, and have been working on the binding definitive agreement since that time.Ergatta is a Brooklyn-based connected fitness company that pioneered game-based fitness content, building a stable and cash-generating subscription business with industry leading monthly net retention of more than 98%. Ergatta is expected to generate revenue of more than $10 million in 2026, with approximately 70% from recurring subscriptions providing high visibility, and approximately a 30% EBITDA margin. Additionally, Ergatta operates an asset-light business model that generates strong operational cashflow without requiring investment in inventory.Assuming full achievement of the earn-outs, the maximum enterprise value would be $19.5 million and, given the upper 2026 EBITDA threshold of approximately $4.0 million, TRNR expects the multiple of EBITDA to be less than 5.0x, before any group synergies. To ensure the valuation multiple is attractive to TRNR, 50% of the maximum enterprise valuation is contingent on the amount of Ergatta's 2026 EBITDA and 5% on 2027 EBITDA. Less than 10% of the transaction value is being funded at closing and TRNR expects to receive more cashflow from Ergatta than the initial cash consideration paid in 2026."The Founders of Ergatta have created a unique fitness experience and have built an attractive business that we expect to be accretive to TRNR immediately," said TRNR CEO, Trent Ward. "Ergatta's best-in-class gaming experience has already been licensed by iFIT, one of the biggest fitness equipment brands in the world and we plan to add the gaming experience to Wattbike and CLMBR. The Ergatta team also has strong customer acquisition capabilities and we expect that they will be able to drive revenue growth in the US for all of our brands with their help. As with all of our acquisitions, we are focused on minimizing near-term dilution and protecting downside with transaction valuations linked to future performance, while benefiting from additional upside from group synergies.""Our team is very proud that we've built the most engaging fitness content platform in the world, and we've done it profitably," said Tom Aulet, Co-Founder and CEO of Ergatta. "Joining TRNR provides us the opportunity to grow Ergatta and also the Ergatta gaming experience across other hardware brands. This is the right next step for our business and we are looking forward to completing the transaction quickly."Transaction StructureTRNR will acquire 100% of Ergatta through a combination of cash, debt, stock and future contingent consideration. TRNR expects a quick, efficient close in Q1 2026, subject to completing customary closing requirements. The consideration is structured as follows:The base transaction value of $8.8 million is comprised of $1.8 million cash at close, $1.8 million debt and $5.3 million in equity that is locked up until May 2027.An additional $9.8 million could be earned by Ergatta achieving approximately $4.0 million in 2026 EBITDA, which would be payable in May 2027 as $3.5 million in cash and $6.3 million in equity.Up to an additional $1.0 million in equity could be earned based on achieving approximately $4.8 million in 2027 EBITDA.TRNR expects to receive more cashflow from Ergatta in 2026 than the initial cash consideration paid. The initial cash consideration at closing will be funded through TRNR's existing financing facilities.Ergatta's founders and key management team members have agreed to employment arrangements and are expected to continue leading the business post-acquisition.TRNR expects to provide additional details regarding the transaction following the closing.For more information, see TRNR's investor website as well as its required filings with the U.S. Securities and Exchange Commission (SEC).TRNR Investor Contactir@interactivestrength.comErgatta Media Contactmedia@ergatta.comAbout Ergatta:Ergatta is the leader in game-based connected fitness, offering a suite of addictive workout experiences and a line of premium rowing machines with embedded gaming content. Ergatta's content is personalized to each user, highly interactive, and designed to build lasting fitness habits through games rather than instructors. The company's 98.3% monthly retention rate is the highest in the connected fitness industry. www.ergatta.comAbout Interactive Strength Inc.Interactive Strength Inc. (NASDAQ:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training-ideal for high-performance environments and sport-specific development.From elite performance to everyday wellness, our ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.For more information about Interactive Strength, please visit www.interactivestrength.com.Channels for Disclosure of InformationIn compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website.Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the expected closing of the Ergatta acquisition, the financial performance of Ergatta and the combined company, revenue and EBITDA projections, the expected benefits of combining the companies' products and platforms, content licensing revenue growth, and the possibility of achieving operating leverage. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: the ability to complete the acquisition on the expected terms and timeline; the ability to successfully integrate Ergatta's operations; demand for our products and services; subscriber retention rates; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; our reliance on a limited number of suppliers and distributors for our products; and macroeconomic conditions affecting consumer discretionary spending. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Signs Definitive Agreement to Acquire Ergatta, Increasing 2026 Pro Forma Revenue Guidance by 50% to More than $30m
US Market News
4月前
TRNR Files Lawsuits Against Sportstech and Ali Ahmad and Announces March 11, 2026 Public Auction of All Shares of SportstechFebruary 10, 2026 9:30 AM
ACCESS NewswireCompany initiates legal proceedings to enforce defaulted loan and personal guaranteeFormal auction proceedings also initiated under German Civil Code with a public auction notice for March 11AUSTIN, TEXAS / ACCESS Newswire / February 10, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) (the "Company") today announced that it has filed two distinct lawsuits in connection with the previously disclosed defaulted loan to Sportstech Brands Holding GmbH ("Sportstech"), and the corresponding personal guarantee by Ali Ahmad. The Company further announced that a public auction of 100% of the shares in Sportstech pledged to Interactive Strength will be conducted on March 11, 2026, at 11:00 a.m. Central European Time in Frankfurt am Main, Germany.Trent Ward, Chief Executive Officer of Interactive Strength, commented: "We are taking next steps in asserting our rights under the loan agreement - on multiple fronts at the same time, as we said we would. We extended Sportstech every opportunity to resolve this matter, and we have lost patience with their nonsensical posturing.""With respect to the lawsuits: those complaints were shared with Sportstech and its bank lenders, Commerzbank, Deutsche Bank, and Volksbank Mittweida, in advance of filing in an effort to minimize legal costs and facilitate a negotiated resolution. Unfortunately, there was no sincere engagement on a resolution, despite the straight-forward legal rights we have in the loan agreement with Sportstech and personal guarantee by Ali Ahmad."In terms of the auction: any qualified bidder can participate by registering in advance, providing a bank guarantee from a German financial institution covering their maximum bid, and appearing in person in Frankfurt.""Multiple outcomes, such as receiving a value of the shares above our claim, or acquiring Sportstech at a value near our claim, represents a positive, and near-term, resolution for our shareholders. We have pursued this process deliberately and transparently, and the March 11 auction date provides some certainty on timing."Lawsuit Filings DetailsThe first claim is against Sportstech for its failure to repay approximately $6.0 million in principal, interest, and discount under the Loan Agreement dated January 27, 2025, as amended by the Loan Extension Agreement dated May 22, 2025. Both the loan agreement and the amendment were filed with the U.S. Securities and Exchange Commission last year and are governed by German law, and are also accessible from TRNR's IR site.The complaint seeks full repayment of the outstanding balance together with default interest and enforcement costs. There is also an additional claim for $0.6 million, plus default interest, that could be filed in Luxembourg for the extension fee that Sportstech elected to incur.Additionally, the second claim is personally against Ali Ahmad, Founder and CEO of Sportstech, and seeks to enforce the personal guarantee he provided in connection with the loan obligations as notarized under German law in January 2025. Under the terms of that guarantee, Mr. Ahmad is personally liable for amounts owed to TRNR and not paid by Sportstech, and can be pursued without waiting on the Sportstech claim.Public Auction DetailsThe auction represents the formal enforcement of Interactive Strength's security interest in the Sportstech shares, which were pledged to the Company under a Share Pledge Agreement dated January 27, 2025, to secure the defaulted working capital loan. As previously disclosed, the loan matured on December 30, 2025, and remains outstanding. Bidders are being solicited with the intention of a successful auction for an amount in excess of Interactive Strength's claims.The auction notice has been submitted to the German Federal Gazette (Bundesanzeiger) and was announced in the Berliner Morgenpost today, consistent with all applicable legal requirements.The public auction will be conducted by a German notary in accordance with Sections 1273(2) and 1235 of the German Civil Code. Key details include:Date: March 11, 2026Time: 11:00 a.m. CET (5:00 a.m. Eastern Time)Location: bhp Bogner Hensel & Partner, Zeppelinallee 47, 60487 Frankfurt am Main, GermanyRegistration: Required between 9:30 a.m. and 10:30 a.m. CET on auction dayProspective bidders may access a virtual data room containing information about Sportstech by executing a non-disclosure agreement. Interested parties should contact: sportstech@interactivestrength.comGeneral BackgroundInteractive Strength provided Sportstech approximately $5.0 million in cash as a working capital loan during the first part of 2025, secured by a share pledge over 100% of Sportstech's shares executed by Sportstech's CEO and majority shareholder. The loan matured on December 30, 2025 and Sportstech has not made any payments on the outstanding balance, which includes agreed-to interest and fees.All material loan and security agreements were filed with the U.S. Securities and Exchange Commission. The Share Pledge Agreement, which governs the auction enforcement process, is available as Exhibit 10.2 to the Company's 8-K filed on February 4, 2025.Shareholders and interested parties can review the full history of this transaction - including all SEC filings and executed agreements - at https://interactivestrength.com/sportstech/About Interactive Strength Inc.:Interactive Strength Inc. (NASDAQ:TRNR) is building a global portfolio of premium connected fitness brands. The company owns and operates Wattbike, the pioneering indoor performance training bike trusted by elite athletes and professional sports teams worldwide; FORME, a digital fitness platform combining smart gyms with virtual personal training; and CLMBR, a vertical climbing machine delivering efficient full-body workouts. TRNR uses its Nasdaq listing to acquire and combine compelling fitness products and technologies in one high-growth platform serving consumers and fitness businesses across the US, UK, and Europe. www.interactivestrength.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the anticipated auction date and process, potential recovery amounts, expected outcomes of enforcement proceedings, the Company's enforcement actions, litigation outcomes, and recovery of amounts owed. These statements are based on current expectations, estimates, forecasts, and projections, including assumptions about the legal processes in Germany and the conduct of the public auction. Actual results may differ materially from those expressed or implied by forward-looking statements due to a variety of factors, including legal challenges, regulatory requirements, market conditions for the auctioned assets, the conduct of other potential bidders, and other risks described in the Company's filings with the SEC. The Company assumes no obligation to update any forward-looking statements, except as required by law.Investor Contact:Interactive Strength Inc.
ir@interactivestrength.com# # #SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Files Lawsuits Against Sportstech and Ali Ahmad and Announces March 11, 2026 Public Auction of All Shares of Sportstech
US Market News
4月前
TRNR Publishes Comprehensive Sportstech Documentation for ShareholdersJanuary 30, 2026 2:25 PM
ACCESS NewswireTimeline and Source Materials Now Available at interactivestrength.com/sportstechAUSTIN, TEXAS / ACCESS Newswire / January 30, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands, today published a comprehensive summary of the Sportstech transaction, including source materials and SEC filings, on its website.Trent Ward, Founder and CEO, stated: "We are not sure why Sportstech feels the need to issue press releases targeted towards public-market investors, given they are a private company in Germany, but we can understand it adds confusion to the situation. We hope that Sportstech is attempting to calm its banks and suppliers - given it is undercapitalized and that fulfilling its obligations to TRNR could materially affect its solvency - as opposed to actively trying to impact our shareholders.""In the spirit of transparency, and in an effort to simplify a situation that could appear complex, we have consolidated a comprehensive summary of the Sportstech transaction and litigation, along with source materials on our investor website. However, there is nothing complex about paying a loan when it is due.""We encourage shareholders to review the materials and draw their own conclusions. Sportstech's press release this week was very carefully worded, but the facts are straightforward and speak for themselves. Sportstech agrees that they owe us more than $5m. The loan agreements and security documents are public, filed with the SEC, and drafted in compliance with German law. We are actively enforcing our rights."The comprehensive Sportstech documentation is available at interactivestrength.com/sportstech.About Interactive Strength Inc.Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR produces innovative vertical climbing machines that provide efficient full-body workouts. FORME combines premium smart gyms with live virtual personal training. For more information, visit interactivestrength.com.Contact:Investor Relations
ir@interactivestrength.comForward-Looking StatementsThis press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. These forward-looking statements include, but are not limited to, statements regarding the collectability of the working capital loan, the enforcement of credit remedies, the timing and completion of any public auction, litigation outcomes, expected revenue, and 2026 business development plans. The reader is cautioned not to rely on these forward-looking statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.###SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes Comprehensive Sportstech Documentation for Shareholders
US Market News
4月前
TRNR Publishes Shareholder Letter and Investor Presentation with 2026 Revenue Guidance of More Than $20MJanuary 27, 2026 6:45 PM
ACCESS NewswireCompany Comments on Delivering Value from Sportstech Enforcement and Highlights Strengthened Business Operations Entering 20262026 Revenue Guidance of More Than $20M Represents Nearly 100% 2-Year CAGRAUSTIN, TX / ACCESS Newswire / January 27, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR, and FORME brands, today published a shareholder letter update and an updated investor presentation on its website.In today's shareholder letter, the TRNR CEO, Trent Ward, provided an update on the multiple ways that TRNR could benefit from the Sportstech situation, noting that the Company is progressing in filing lawsuits in several jurisdictions and in conducting a public auction of the pledged Sportstech shares. TRNR expects that the auction will be held in Q1 2026, in compliance with required protocols to ensure auction integrity.The Company also published an updated investor presentation highlighting TRNR's strengthened business operations entering 2026. The presentation details the Company's revenue growth trajectory - from $5.4 million in 2024 to approximately $12 million in 2025 (unaudited), with more than $20 million expected for 2026 - as well as Wattbike's commercial traction and the Company's M&A strategy."We approach 2026 from a position of increased scale," said Trent Ward, CEO of TRNR. "Our updated investor presentation tells the story of a very different company than what we were a year ago - even without Sportstech. I encourage all shareholders to review it."The shareholder letter also noted that Maxim Group has reiterated its BUY rating on TRNR with a $2.25 price target, citing confidence in the Company's acquisition strategy based on Wattbike's demonstrated commercial performance.The shareholder letter and updated investor presentation are available at interactivestrength.com/investors.About Interactive Strength Inc.Interactive Strength Inc. (Nasdaq:TRNR) has established a leading portfolio of premium fitness brands - Wattbike, CLMBR, and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use. Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride-feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world. CLMBR produces innovative vertical climbing machines that provide efficient full-body workouts. FORME combines premium smart gyms with live virtual personal training. For more information, visit interactivestrength.com.Contact:Investor Relations
ir@interactivestrength.comForward-Looking StatementsThis press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. These forward-looking statements include, but are not limited to, statements regarding the collectability of the working capital loan, the enforcement of credit remedies, the timing and completion of any public auction, litigation outcomes, expected revenue, and 2026 business development plans. The reader is cautioned not to rely on these forward-looking statements. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.###SOURCE: Interactive Strength Inc.View the original press release on ACCESS NewswireOriginal: TRNR Publishes Shareholder Letter and Investor Presentation with 2026 Revenue Guidance of More Than $20M