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

0.07

Mkt cap

Volume

24M

High

0.07

P/E Ratio

N/A

52-wk high

47.60

Low

0.05

Div yield

N/A

52-wk low

0.05

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.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 11:34 am

Interactive Strength (NASDAQ:TRNR) reported Q2 losses of $(1.02) per share, but sales increased to $316.00K, up 225.77% from $97.00K YoY.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:09 am

Interactive Strength, doing business as FORME, has entered a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business. The potential transaction is expected to accelerate FORME's commercialization path, result in immediate scale across all functions, and create a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 10:06 am

The article lists the top 5 oversold stocks in the consumer discretionary sector, which may present an opportunity for investors. The stocks mentioned are United Homes Group, Inc. (UHG), Interactive Strength Inc. (TRNR), REE Automotive Ltd. (REE), Funko, Inc. (FNKO), and Petco Health and Wellness Company, Inc. (WOOF). The companies have reported various financial results and partnerships, and their stocks have been trading near their 52-week lows.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 12:41 pm

On Thursday, 128 companies hit new 52-week lows. The largest company by market cap to set a new low was Corteva (NYSE:CTVA), while the smallest was Esports Entertainment (NASDAQ:GMBL). Galera Therapeutics (NASDAQ:GRTX) was the biggest loser, dropping 84.91%, while Eargo (NASDAQ:EAR) made the biggest reversal, trading flat after hitting a new low.