on Interactive Strength Inc. (NASDAQ:TRNR)
Interactive Strength Inc. Announces 2024 Financial Results
Interactive Strength Inc. reported their financial outcomes for Q4 and the full year of 2024, meeting the projected revenues. The company realized a quarterly revenue of $2.4 million and $5.4 million for the entire year. However, the quarter saw a net loss of $5.8 million, translating to $7.26 per diluted share, showing a decrease from 2023's $11.4 million loss.
The adjusted EBITDA loss improved to $1.9 million, a 42% year-over-year enhancement, marking their highest quarterly revenue yet. Stockholders' equity stood at $7.1 million by the end of the year. The company anticipates pro forma revenue exceeding $50 million in 2025 due to pending acquisitions.
CEO Trent Ward highlighted growth in revenue and decreased losses, supporting their acquisition strategy for 2025. They also expanded their international sales network, aiming for continued organic revenue growth. Further details on their performance and strategy will be available in their quarterly shareholder letter.
R. P.
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