Overview

* Interactive Strength ( TRNR ) Q3 revenue grows 139% YoY to $4.8 mln

* Net loss of $5.2 mln beats analyst expectations

* Adjusted EBITDA loss of $2.9 mln misses analyst estimates

* Company reiterates 2025 revenue guidance of over $80 mln

Outlook

* Interactive Strength ( TRNR ) reiterates 2025 pro forma revenue guidance of more than $80 mln

* Company expects to achieve pro forma Adjusted EBITDA profitability in Q4

* Sportstech acquisition expected to close in 2025, contributing to revenue growth

Result Drivers

* WATTBIKE ACQUISITION - Inclusion of Wattbike contributed to record revenue growth of $4.8 mln

* LOW INVENTORY - Adjusted EBITDA loss of $2.9 mln attributed to low inventory availability

* SPORTSTECH ACQUISITION - Expected to close in 2025, anticipated to drive revenue and profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Beat -$5.20 -$5.74

Income mln mln (2

Analysts

)

Q3 Miss -$2.90 -$1.95

Adjusted mln mln (2

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the leisure & recreation peer group is "buy"

* Wall Street's median 12-month price target for Interactive Strength Inc ( TRNR ) is $11.50, about 77.4% above its November 13 closing price of $2.60

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)