Interactive Strength Inc. Announces Non-Binding Letter Of Intent And Exclusivity Agreement To Acquire A Connected Fitness Equipment Business; Sees $10M In 2023 Combined Gross Revenues And Expects To Exceed $25M In 2024
Portfolio Pulse from Benzinga Newsdesk
Interactive Strength Inc. has announced a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The company anticipates $10M in combined gross revenues for 2023 and expects to exceed $25M in 2024.
August 15, 2023 | 11:34 am
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Interactive Strength Inc.'s planned acquisition of a fitness equipment business could potentially boost its revenues to $10M in 2023 and over $25M in 2024.
The acquisition of a connected fitness equipment business by Interactive Strength Inc. is expected to significantly increase its revenues in the coming years. This could potentially lead to a positive impact on the company's stock price.
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RELEVANCE 100