Streetbeat News

TRNR

Interactive Strength Inc.

Industry

Personal Products & Services

Interactive Strength Inc., doing business as FORME, operates digital fitness platform that provides connected fitness hardware products and related accessories in the United States. The company offers the Forme Studio, a fitness mirror with touchscreen display; and the Forme Studio Lift, a fitness mirror and cable-based digital resistance. It also provides video on-demand classes, and personal training and expert health coaching services. The company sells its products through retail stores, as well as online. Interactive Strength Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Open

3.02

Mkt cap

797K

Volume

533K

High

3.36

P/E Ratio

N/A

52-wk high

4760.00

Low

2.64

Div yield

N/A

52-wk low

2.64

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.

Portfolio Pulse from

November 14, 2024 | 12:15 pm

Interactive Strength Inc. (NASDAQ:TRNR) announced a 1-for-100 reverse stock split effective November 11, 2024, reducing shares outstanding from 31 million to 313,235. This move ensures compliance with Nasdaq listing requirements.

Portfolio Pulse from

November 07, 2024 | 12:15 pm

Interactive Strength Inc. (NASDAQ:TRNR) will announce its third quarter 2024 results on November 14, 2024. The announcement will include a shareholder letter with updates on the company's business and NASDAQ compliance.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The consumer discretionary sector is experiencing a decline in share prices, likely due to overall market weakness and rising treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:51 pm

Several consumer discretionary stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Stride (LRN) with a 34.4% increase following its Q1 earnings report, and Lithia Motors (LAD) with a 10.24% rise after releasing its Q3 earnings. On the losing side, Interactive Strength (TRNR) saw a 15.8% decline.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 4:31 pm

The article reports on the after-market movements of several consumer discretionary stocks. Notable gainers include Cheetah Net Supply Chain, Connexa Sports Techs, and Autozi Internet Tech, while Digital Brands Group, Vision Marine, and Designer Brands were among the losers.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 8:31 pm

Several consumer discretionary stocks experienced significant price movements during Tuesday's after-market session. Notable gainers included J-Long Group, TCTM Kids IT Education, and CarParts.com, while Digital Brands Group and Fenbo Holdings were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 8:30 pm

Ericsson shares surged 8.9% in pre-market trading after reporting better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 10:22 am

Interactive Strength Inc. (NASDAQ:TRNR) shares rose after announcing a partnership with Chuze Fitness, which ordered CLMBR machines for four pilot locations. This could expand to all 60 Chuze locations if successful.

Portfolio Pulse from Vaishali Prayag

October 10, 2024 | 3:00 pm

Interactive Strength's shares rose following Chuze Fitness's order of multiple CLMBRs for four pilot locations, indicating potential growth and increased market presence for Interactive Strength.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 12:24 pm

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