Nautilus (NLS) Q2 2022 Earnings Call Transcript

Eight factors of the decline is because of logistics, 4 factors resulting from uncooked supplies parts and FX, and one level associated to elevated JRNY investments. Turning to working bills. This 12 months, we booked a $5 million settlement associated to a category motion lawsuit and incurred $1 million in acquisition prices for VAY. Final 12 months, we booked $8 million of achieve on disposal group associated to Octane.

Given these uncommon prices, we consider it is higher to take a look at our working outcomes on an adjusted foundation. Please see our press launch for a reconciliation to GAAP. Adjusted working bills have been 39 million or 28% of gross sales versus final 12 months’s 32 million or 12% of gross sales. Promoting and advertising and marketing bills have been 22 million or 16% of gross sales, up 3 million to final 12 months, pushed by increased promoting.

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