Garmin isn't rushing to make smart glasses.
In its Q2 2025 earnings call, Garmin CEO Cliff Pemble says, 'Glasses have come and gone once, and the utility and concerns around the use of those have always come up in the context.' He went on to say it's a 'wait and see thing.'
He's not wrong. Privacy is still a major concern with smart glasses. But frankly, Garmin is probably happy enough with another gangbusters quarter in fitness, logging a 41 percent increase year-over-year. Garmin announces second quarter 2025 results
[prnewswire.com] Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Victoria Song Senior Reviewer, Wearable Tech Posts from this author will be added to your daily email digest and your homepage feed. See All by Victoria Song
Posts from this topic will be added to your daily email digest and your homepage feed. See All Fitness
Posts from this topic will be added to your daily email digest and your homepage feed. See All Gadgets
Posts from this topic will be added to your daily email digest and your homepage feed. See All News
Posts from this topic will be added to your daily email digest and your homepage feed. See All Smartwatch
Posts from this topic will be added to your daily email digest and your homepage feed.
See All Wearable
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
This Turnaround Stock Has Tripled from Its 52-Week Lows: Is It Still a Buy?
While corporate turnarounds are somewhat of a cliche, there are genuine turnaround stories to be found. One of them is fitness equipment and subscription company Peloton (PTON), which, like other pandemic-era winners, had to reboot its business strategy. While the stock trades at a tiny fraction of its all-time highs, it has more than tripled from its 52-week lows that it hit last year. In this article, we'll examine whether there's still heat left in PTON's rally that has helped it recoup its 2025 losses and nearly turn positive for the year. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Peloton Is a Turnaround Play To begin with, let's look at the progress in Peloton's turnaround, which began in February 2022 when Barry McCarthy – the former Netflix (NFLX) and Spotify (SPOT) executive – took over as CEO, replacing the company's co-founder, John Foley. He embarked on an aggressive cost-cutting program, including through layoffs, and Peloton pivoted to third-party production to reduce fixed costs. While these measures help Peloton trim losses and turn free cash flow positive, PTON shares continued to dwindle and fell to record lows last year. In October 2024, Peloton announced Apple Fitness+ (AAPL) co-founder Peter Stern as its next CEO. Stern took over in early 2025 and is now leading the next leg of Peloton's turnaround, which includes turning around the corner on top-line growth. PTON's Revenues Have Fallen Peloton's revenues have fallen for four consecutive years, and its sales in fiscal 2025, which ended in June, were just about 62% of fiscal year 2021 levels. The midpoint of its guidance implies a 2% year-over-year fall in this year's revenues, also. There is, however, a silver lining here as the top end of the guidance implies a yearly rise in revenues. Also, even the midpoint of the guidance implies some growth in the final three quarters of this fiscal year, as the company expects revenues to fall 9% at the midpoint in the current quarter. Peloton has taken several measures to boost its sales. These include promotional pricing for different groups, the launch of micro stores to improve brand visibility, and the launch of Peloton Repowered, its platform for buying and selling used equipment. Peloton Has Turned Free Cash Flow Positive One of the concerns for Peloton investors was the company's losses and cash burn. PTON has been working on aggressive cost cuts, and after achieving run-rate savings of $200 million in fiscal 2025, it is targeting another $100 million worth of savings in the current fiscal year. In FY 2025 it generated healthy free cash flows of $323.7 million, which were ahead of its guidance. The company expects net working capital and restructuring charges to be a headwind for its free cash flows this year, while forecasting a tariff impact of $65 million. Despite these challenges, it has forecast free cash flows above $200 million this year, which is quite encouraging. Peloton has been using its free cash flows to pare its debt and ended June with net debt of $459 million, 43% lower than the corresponding period last year. As Peloton's balance sheet continues to improve and interest rates come down, the company should be able to refinance its debt at much better terms than what they are currently. Peloton Stock Forecast Analysts have gradually turned bullish on Peloton as the company has shown impressive progress in its turnaround. Over the last two weeks only, UBS and Goldman Sachs have upgraded the stock from a 'Neutral' to 'Buy.' Of the 20 analysts rating PTON, 10 each rate it as a 'Moderate Buy' and 'Hold' while its mean target price of $10.39 is 19% higher than the Aug. 13 closing price. Peloton stock trades at a forward price-sales multiple of 1.45x while the enterprise value-to-earnings before interest, tax, depreciation, and amortization (EV-to-EBITDA) multiple is 10.4x. The multiples are not too demanding considering the current mix of Peloton's business, where around two-thirds of its revenues come from subscriptions, with volatile product sales accounting for the rest. I believe there is still heat left in Peloton's rally as it strives to become a broad-based wellness partner for its members, including mental well-being, sleep, and nutrition. The turnaround has been going at a steady pace, and the stock could reward shareholders even further if the company can return to top-line growth while continuing to improve its margins and cash flows. On the date of publication, Mohit Oberoi had a position in: PTON, AAPL, NFLX. All information and data in this article is solely for informational purposes. This article was originally published on
The Verge
9 minutes ago
- The Verge
Pebble 2.0's nostalgia play.
Posted Aug 14, 2025 at 3:58 PM UTC Pebble 2.0's nostalgia play. 'I love this for nostalgic reasons, but can't ditch the Apple Watch for it. I need NFC payment support, LTE for leaving my phone at home, and a good fitness app.' Get the day's best comment and more in my free newsletter, The Verge Daily . Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Dominic Preston Posts from this author will be added to your daily email digest and your homepage feed. See All by Dominic Preston Posts from this topic will be added to your daily email digest and your homepage feed. See All Gadgets Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Smartwatch Posts from this topic will be added to your daily email digest and your homepage feed. See All Wearable
Yahoo
36 minutes ago
- Yahoo
USD.AI Raises $13M to Expand GPU-Backed Stablecoin Lending
Stablecoin protocol which provides credit to artificial intelligence (AI) companies, has raised $13 million in Series A funding led by Framework Ventures. developed by Permian Labs, issues loans to emerging AI firms using graphics processing unit (GPU) hardware as collateral, cutting approval times by more than 90% compared with traditional lenders. The on-chain system includes USDai, a dollar-pegged token, and sUSDai, a yield-bearing version backed by income-generating compute assets. GPUs are fundamental hardware to AI processes through performing the many calculations at once required to make the process of training and using AI models much faster. CEO David Choi said model 'treats GPUs like commodities,' enabling fast, programmatic loan approvals without conventional gatekeeping, in an announcement shared with CoinDesk on Thursday. Framework's Vance Spencer likened AI's capital demands to the 'oil boom' and said could democratize access to funding while offering investors yield tied to AI sector growth. With $50 million already in deposits during private beta, plans a public launch featuring an ICO and a game-based allocation model. may represent the potential of a convergence between stablecoins, which have been at the forefront of the regulatory advancements in digital assets, and AI which has rapidly ascended to mainstream adoption in recent years. Together, the two could create a more intelligent and efficient financial system. This synergy allows AI agents to transact autonomously and reliably using a stable currency, enhancing financial automation, security, and risk management across various applications from payments to decentralized finance. CORRECTION (Aug. 14, 13:20 UTC): Removes Bullish from list of participants in What to Know section. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
