Nautilus (NLS) Q2 2022 Earnings Call Transcript

Two years in the past, we have been largely a mechanical engineering firm with a few dozen builders and software program UX FTEs. Right now, we proceed our legacy with robust gear, however we have now 160 individuals engaged in software program growth. This basic change in our enterprise towards related health has already yielded tangible outcomes. JRNY had 14,000 members on the finish of 2019.

Right now, as we have mentioned, we have now roughly 200,000 and are on our option to attaining our first 12 months objective and accelerating towards our 2 million member objective. JRNY has been constructed on shopper perception, and we’re bettering it each quarter with accelerated funding. We’re impressed by our mission to be a frontrunner in individualized related enterprise. Two years in the past, we had no significant shopper segmentation.

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