Interactive Strength Inc. (Nasdaq:TRNR) Reports Third Quarter 2024 Results
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Interactive Strength Inc. (Nasdaq:TRNR) reported a net loss of $7.1 million for Q3 2024, with a loss of $1.53 per diluted share. Despite the loss, the company showed improvement with a $1.0 million better adjusted EBITDA compared to Q3 2023 and achieved a 325% revenue growth from Q2 2024. The company expects $2.4 million in revenue for Q4 2024.
November 14, 2024 | 12:15 pm
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Interactive Strength Inc. reported a net loss of $7.1 million for Q3 2024, but showed improvement with a $1.0 million better adjusted EBITDA compared to Q3 2023. The company achieved a 325% revenue growth from Q2 2024 and expects $2.4 million in revenue for Q4 2024.
Despite reporting a net loss, Interactive Strength Inc. showed significant revenue growth and improved adjusted EBITDA compared to the previous year. The positive revenue trajectory and future revenue expectations suggest a potential positive short-term impact on the stock price.
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