Nautilus (NLS) Q2 2022 Earnings Call Transcript

In 2019, we have been nonetheless not totally dedicated to omnichannel. Right now, we’re enthusiastic about letting our customers store when, the place, and the way they need. I am actually pleased with the way in which we have now invigorated and strengthened our retail phase, greater than doubling our variety of retail doorways and radically diversifying our retailer base. We have been shrinking and in survival mode in 2019, in want of a turnaround, higher liquidity, and a transparent strategic course.

Since then, we have now greater than doubled our income and strengthened our capital construction, which supplies us the boldness to proceed to speculate sooner or later and an inspiring on level and really centered technique, North Star, that we’ll — that we consider will ship extra constant, extra predictable progress primarily based on a balanced gear portfolio and a rising recurring income base and ranges of profitability not achieved in our historical past. We now have additionally constructed a world-class group and strengthened our digital expertise. Our market alternative has grown tremendously. The U.S.

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