Nautilus (NLS) Q2 2022 Earnings Call Transcript

Aina?

Aina KonoldChief Monetary Officer

Thanks, Jim, and good afternoon, everybody. Right now, I will speak to outcomes for Q2 and the primary half of fiscal 12 months ’22, and we’ll present steering for the second half. I will begin with Slide 11 of the presentation, whole firm P&L outcomes for Q2 ’22 with comparability to the identical quarter final 12 months. Internet gross sales have been 138 million, down 11% to LY on a GAAP foundation, excluding Octane have been down 5% and up 150% to LLY.

Gross sales declined 12 months over 12 months primarily resulting from direct return to regular seasonality and international logistics challenges affecting retail. As Jim talked about earlier, we had over 22 million of FFO orders prepared for decide up that did not make the cutoff. Sadly, our gross sales steering vary wasn’t extensive sufficient to accommodate this stage of disruption. Gross revenue was 42 million and gross margins have been 30.5, down 13 factors from LY.

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