Nautilus (NLS) Q2 2022 Earnings Call Transcript

The group and I are delighted with our execution and progress in related health through our new gear and the JRNY platform, and we’re solely simply starting. All of this progress in the previous few months has led to very robust membership progress and lowered churn — lowered our churn considerably. Whereas it’s early, our progress is extraordinarily promising. I’m happy to report that our present member depend is roughly 200,000, greater than 3 times the year-ago interval after we had about 65,000 members.

And this unbelievable progress is earlier than the vacation season earlier than our new product introductions, JRNY enhancements, and particular limited-time trial provides that I simply mentioned. As deliberate in our North Star plant, we have now stood up and are constructing a extremely worthwhile digital enterprise on prime of a profitable gear enterprise. The patron expertise on our gear is enhanced by our digital providing, and our digital enterprise is fueled by the economics of the gear enterprise. We now have been working tirelessly to make JRNY a number one health service that matches our unbelievable line of kit.

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