Latest news with #Wattbike
RTÉ News
6 days ago
- RTÉ News
Is home gym equipment worth the price tag? I put two to the test
Journalist Glenn Kelly puts two pieces of home workout equipment to the test to see if they are worth the hefty price tags. The gym - it's a funny old place, and while it offers a "catch-all" of everything from running machines to weights, it is not for everybody. I used to be a regular gym user myself, but with the arrival of kids and an intensification of work commitments, I found it was getting less and less the place for me. In the age of working from home, and people's demands for specific training (and work) schedules, investing in some state-of-the-art equipment is proving to be a godsend for current generations of would-be gym rats. This gear doesn't come cheap, but rather than a one-off payment, many are viewing it as something akin to a gym membership. I was, of course, intrigued about what I could get out of today's premium offerings, and if they were really worth their executive price tags. Step forward, market leaders Wattbike and Echelon, who offered their respective bikes and rowing machines for testing. Needless to say, I was only too happy to give my independent verdict. Time to read on to see if these machines are really good enough to replace that gym membership... Wattbike Proton €1,899 (includes free delivery offer) Score: 8.5 out of 10 Pros Easy to assemble Huge sizing adjustability Can be used by a range of age groups Smooth operation Relatively compact Great challenges on app and compatible with some of the largest cycling apps Cons Quite noisy if used at night App controls take a bit of getting used to The saddle could be more comfortable Artificial feel to gear changes I would be the first to admit that I am not the king of DIY, so when Wattbike explained that the bike would come unassembled, I was struggling to clear half a day in my diary. However, I should not have worried. Upon delivery, the box simply gets pulled up and cleared to unveil the bike, almost fully assembled. Some simple attachment of the wheels and legs was all that was required, and within half an hour, I was ready to go. The Proton is aimed at cyclists of all abilities and sizes. The bike has height and reach adjustments coming out of its ears, which means it is suitable for users from 137-198cm. This means almost all the family can take part in activities on the bike, something that my young family found particularly fun. The adjustability is child's play and offers something very niche in this market. The bike itself is on the heavy side at almost 50kg, but it has a relatively small footprint, so it doesn't look too out of place within the house. When I was eventually ready to go, it did take me a little while to get the hang of the app. Some simple instructions, such as to end the workout, require an extra click on the screen that isn't very obvious when it really should just be a big red button. However, apart from this, the app was relatively straightforward and showed me the basics I needed. If you need more, it is compatible with, amongst others, the Zwift app, which will help you push yourself to your limits and race in real-time with fellow cyclists around the world. The actual mechanics of the bike were solid. The bike is well put together, and the operation is smooth, although there is a fair degree of whooshing during use. The noise travels through the house, which may be an issue when you want to keep the kids asleep, but this is not unexpected. During my cycling, it was possible to exert a high degree of force through the bike, and I don't think I was in any danger of overloading it! The gear changes are operated by buttons on the handles, and they seem a little artificial to use, but they do the trick. Overall, I found it very easy to jump on and off the bike during my lunch break and blast out 45 minutes to an hour while enjoying listening to my favourite podcast or watching a show on TV. Although my kids are just off the size chart for the bike, they couldn't wait until they could ride it for real, and I think that is the point of the Proton. It is not aimed only at the cycling supremo, but at the individual or family who are breaking into the cycling habit, and this can only be a good thing as we head towards a more sustainable future, where hopefully, kids will have better road infrastructure outside to test their cycling skills on. Fair play, Wattbike. Echelon Row-7s Smart Rowing Machine €2,380 Score: 9 out of 10 Pros Smooth and quiet operation Superb interface with endless interactive and live workouts 22-inch screen included Foldable Comfortable seat Instant resistance changes at the touch of a fingertip Full-length bench allows full rowing movement Cons Expensive Setting up the on-screen app was plagued by connectivity issues until updated Takes up quite a bit of room Having suffered from some Achilles issues over the past year, I was particularly intrigued about trying out the Row-7s due to rowing's low-impact nature as I seek ways to fill the intense cardio void of football, and I was not disappointed by the machine. Let's get the negatives out of the way first. Out of the box, it wasn't quite as easy as the Proton to put together, taking most of an afternoon, but there are more parts involved. Then, it was onto the setup. Despite trying for over an hour, the machine just would not connect to the internet. This was extremely frustrating until I eventually read that due to software issues, I had to connect to my phone's hotspot connection, which allowed it to update, which then cured the connection issues. Thankfully, this worked and, to be honest, was the last negative I had of my time with the machine. The equipment is not cheap, coming in at over €2,000, but it feels every bit the premium piece of gym equipment, with an option to pay about €75 a month. Operation of the pulley is smooth and eerily quiet. Unlike the bike, I could use the machine next door to where my kids sleep and knew I wouldn't wake them. The fittings are superbly tight, and there have been no corners cut in the design or construction phase. The seat is superbly comfortable and padded, and you could spend over an hour on the machine with no ailments whatsoever. Getting a 22-inch touchscreen with the machine is a huge bonus, and being able to connect to this to follow live workouts is a godsend - much better than using your phone. I also found that having the resistance buttons on the handle worked really well, rather than reaching beyond to the front of the machine, so I could flick through the levels instantaneously as the workout progressed. The Row-7s does take up quite a bit of room in our spare bedroom, but it is foldable, which is superb, allowing it to slide alongside the bed and out of the way. Echelon has hit the jackpot on this machine, with only a point taken off for the connectivity issues. If they can sort this in the long term, this could be a perfect 10.
Miami Herald
23-05-2025
- Business
- Miami Herald
Interactive Strength Inc. (Nasdaq:TRNR) Shares New CEO Q&A Update Featuring TRNR and Wattbike CEO's
Top-to-Top Conversation Details Further Integration Planning Following Strong Q1 Earnings Report AUSTIN, TEXAS / ACCESS Newswire / May 23, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced the publication of a shareholder update and Q&A conversation with TRNR Founder & CEO Trent Ward and Wattbike CEO Stephen Loftus. The candid discussion - now available on the Company's investor website - provides new details on the companies' integration progress, how Wattbike and Sportstech will collaborate on go-to-market planning in the UK and US, tech and data advantages that both bring to each other and TRNR, and cross-channel selling including on Amazon. "Leading up to the formal completion of our transformational acquisitions, investors should continue to have confidence in our growth, success and potential as a company," said Mr. Ward. "This update provides further concrete confirmation in the immediate, specific business initiatives underway right now across all three companies that we expect will create shareholder value." Read the full update on our investor website. TRNR Investor Contactir@ TRNR Media Contactjohn@
Miami Herald
19-05-2025
- Business
- Miami Herald
Interactive Strength Inc. (Nasdaq: TRNR) Reports First Quarter 2025 Results, Increases 2025 Pro Forma Revenue Guidance to more than $75M
Company reports quarterly revenue of $1.4 million; net loss and earnings per diluted Share of $6.6 million and $1.74 Quarterly adjusted EBITDA loss of $2.5 million reflects 29% YOY improvement Stockholders' equity was $13.8 million at quarter end Increases 2025 pro forma revenue guidance to more than $75 million based on strong first quarter across TRNR, Sportstech and Wattbike AUSTIN, TEXAS / ACCESS Newswire / May 19, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced its financial results for the first quarter of 2025. The Company reported revenue of $1.4 million, a nearly 4x increase from the prior-year period. Net loss for the quarter was $6.6 million, or $1.74 per diluted share, compared with a net loss of $11.4 million and $2,681.82 per share in the same period last year. These figures do not include the pending acquisitions of Sportstech and Wattbike. Adjusted EBITDA, a non-GAAP financial measure, was a loss of $2.5 million, reflecting improved operational efficiency. Stockholders' equity increased to $13.8 million, up from $7.1 million at year-end 2024, strengthening compliance with a key Nasdaq continued-listing requirement. As a result of strong Q1 performance across TRNR and the pending acquisitions of Sportstech, and Wattbike - which all together generated more than $20 million in pro forma revenue during the first quarter - the Company is raising its full-year 2025 pro forma revenue guidance to more than $75 million, a greater than 15% increase from the April guidance of $65 million. Trent Ward, CEO and Co-Founder of TRNR, said: "Our acquisition activity in the past few months and our improved shareholder's equity are expected to result in a transformational year. While our Sportstech and Wattbike deals are not yet closed, and therefore not reflected in our reported financials yet, we are operating as one group and our pro forma Q1 shows more than $20M in revenues when including those acquisitions. As a result, we are increasing our 2025 pro forma revenue guidance to more than $75M and we expect that we will generate positive adjusted EBITDA in Q4 given that we would have been close to this milestone on a pro forma basis in Q1. We're focused on closing the transactions in the near-term and integrating operations to drive increased growth and synergy." For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contactir@ About Interactive Strength Inc.:Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol: TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. Adjusted EBITDA is widely used by investors and securities analysts to measure a company's operating performance without regard to items such as stock-based compensation expense, depreciation and amortization expense, other expense (income), net, and provision for income taxes that can vary substantially from company to company depending upon their financing, capital structures, and the method by which assets were acquired;Our management uses Adjusted EBITDA in conjunction with financial measures prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a measure of our core operating results and the effectiveness of our business strategy, and in evaluating our financial performance; andAdjusted EBITDA provides consistency and comparability with our past financial performance, facilitate period-to-period comparisons of our core operating results, and may also facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Although depreciation and amortization expense are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and Adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements;Adjusted EBITDA excludes stock-based compensation expense, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for our business and an important part of our compensation strategy;Adjusted EBITDA does not reflect: (1) changes in, or cash requirements for, our working capital needs; (2) interest expense, or the cash requirements necessary to service interest or principal payments on our debt, which reduces cash available to us; or (3) tax payments that may represent a reduction in cash available to us;Adjusted EBITDA does not reflect impairment charges for fixed assets and capitalized content, and gains (losses) on disposals for fixed assets;Adjusted EBITDA does not reflect (gains) losses associated with debt EBITDA does not reflect losses associated with vendor EBITDA does not reflect transaction related expenses for CLMBR acquisition and pending acquisitions of Wattbike and EBITDA does not reflect non cash fair value gains (losses) on convertible notes, derivatives, warrants and unrealized currency gains (losses). Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced pending transactions in a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $75m of pro forma revenue in 2025, achieving profitability by Q4, and the financial performance of the acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company's reported financials and (b) due to the effect of the exchange rates of foreign currencies which can be volatile. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products and the products of the acquisition targets if the acquisitions are completed (collectively, the "Products"); competition, including technological advances made by and new products released by our competitors and the competitors of the acquisition targets; our ability to accurately forecast consumer demand for our Products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our Products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc.
Associated Press
19-05-2025
- Business
- Associated Press
Interactive Strength Inc. (Nasdaq: TRNR) Reports First Quarter 2025 Results, Increases 2025 Pro Forma Revenue Guidance to more than $75M
Company reports quarterly revenue of $1.4 million; net loss and earnings per diluted Share of $6.6 million and $1.74 Quarterly adjusted EBITDA loss of $2.5 million reflects 29% YOY improvement Stockholders' equity was $13.8 million at quarter end Increases 2025 pro forma revenue guidance to more than $75 million based on strong first quarter across TRNR, Sportstech and Wattbike AUSTIN, TEXAS / ACCESS Newswire / May 19, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ('TRNR' or the 'Company'), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced its financial results for the first quarter of 2025. The Company reported revenue of $1.4 million, a nearly 4x increase from the prior-year period. Net loss for the quarter was $6.6 million, or $1.74 per diluted share, compared with a net loss of $11.4 million and $2,681.82 per share in the same period last year. These figures do not include the pending acquisitions of Sportstech and Wattbike. Adjusted EBITDA, a non-GAAP financial measure, was a loss of $2.5 million, reflecting improved operational efficiency. Stockholders' equity increased to $13.8 million, up from $7.1 million at year-end 2024, strengthening compliance with a key Nasdaq continued-listing requirement. As a result of strong Q1 performance across TRNR and the pending acquisitions of Sportstech, and Wattbike - which all together generated more than $20 million in pro forma revenue during the first quarter - the Company is raising its full-year 2025 pro forma revenue guidance to more than $75 million, a greater than 15% increase from the April guidance of $65 million. Trent Ward, CEO and Co-Founder of TRNR, said: 'Our acquisition activity in the past few months and our improved shareholder's equity are expected to result in a transformational year. While our Sportstech and Wattbike deals are not yet closed, and therefore not reflected in our reported financials yet, we are operating as one group and our pro forma Q1 shows more than $20M in revenues when including those acquisitions. As a result, we are increasing our 2025 pro forma revenue guidance to more than $75M and we expect that we will generate positive adjusted EBITDA in Q4 given that we would have been close to this milestone on a pro forma basis in Q1. We're focused on closing the transactions in the near-term and integrating operations to drive increased growth and synergy.' For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC). TRNR Investor Contact [email protected] About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol: TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. Channels for Disclosure of Information In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ('SEC'), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references Financial Measures In addition to our results determined in accordance with accounting principles generally accepted in the United States, or GAAP, we believe the following non-GAAP financial measures are useful in evaluating our operating Company's non-GAAP financial measure in this press release consist of Adjusted EBITDA, which we define as net (loss) income, adjusted to exclude: other expense (income), net; income tax expense (benefit); depreciation and amortization expense; stock-based compensation expense; (gain) loss on debt extinguishment; vendor settlements; and transaction related Company believes the above adjusted financial measures help facilitate analysis of operating performance and the operating leverage in our business. We believe that these non-GAAP financial measures are useful to investors for period-to-period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Our use of Adjusted EBITDA, or any other non-GAAP financial measures we may use in the future, is presented for supplemental informational purposes only and should not be considered as a substitute for, or in isolation from, our financial results presented in accordance with GAAP. Further, these non-GAAP financial measures have limitations as analytical tools. Some of these limitations are, or may in the future be, as follows: Further, the non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies due to differences in the way that these measures are calculated. For example, the expenses and other items that we exclude in our calculation of Adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from Adjusted EBITDA when they report their operating results. Because companies in our industry may calculate such measures differently than we do, their usefulness as comparative measures is limited. Because of these limitations, Adjusted EBITDA should be considered along with other operating and financial performance measures presented in accordance with GAAP. Forward Looking Statements: This press release includes certain statements that are 'forward-looking statements' for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as 'believe', 'project', 'expect', 'anticipate', 'estimate', 'intend', 'strategy', 'future', 'opportunity', 'plan', 'may', 'should', 'will', 'would', 'will be', 'will continue', 'will likely result' or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced pending transactions in a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $75m of pro forma revenue in 2025, achieving profitability by Q4, and the financial performance of the acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company's reported financials and (b) due to the effect of the exchange rates of foreign currencies which can be volatile. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products and the products of the acquisition targets if the acquisitions are completed (collectively, the 'Products'); competition, including technological advances made by and new products released by our competitors and the competitors of the acquisition targets; our ability to accurately forecast consumer demand for our Products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our Products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. press release
Miami Herald
15-05-2025
- Business
- Miami Herald
Interactive Strength Inc. (Nasdaq:TRNR) Shares Update from CEO Q&A Featuring Both TRNR and Sportstech CEO's
Top-to-Top Conversation Offers Transparency and Confidence Ahead of Q1 Earnings Report AUSTIN, TEXAS / ACCESS Newswire / May 15, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced the publication of a shareholder update and Q&A conversation with TRNR Founder & CEO Trent Ward and Sportstech Founder & CEO Ali Ahmad. The wide-ranging discussion - now available on the Company's investor website - provides detail on the companies' early integration progress, Sportstech's strong 2025 performance to date, and the strategic rationale behind combining TRNR, Sportstech, and Wattbike into a next-generation connected fitness platform. The article also previews themes expected in next week's Q1 shareholder letter. "We're already operating like one team," said Ward. "This update gives our investors a direct look into the thinking, performance, and momentum that's building behind the scenes, including our active interest in AI applications of the blockchain for fitness and, as previously announced in December, crypto as a reserve asset." Read the full shareholder Q&A and update here. TRNR Investor Contactir@ TRNR Media Contactjohn@
