Nautilus (NLS) Q4 2022 Earnings Call Transcript

SelectTech dumbbells are wildly standard. We imagine attaching JRNY to 552 and 1090 dumbbell purchases will function a strong accelerator of JRNY membership. We wish to make sure that journey continues to evolve and adapt to what our customers need and love. Nautilus was late to linked health, however I am extremely happy with the progress in pivoting the corporate towards a future the place we’re serving to tens of millions of individuals work out each week.

North Star included early focusing choices which have paid off. We exited the business enterprise promoting Octane. We lowered SKUs by greater than 25%, and we have now narrowed our model selections. Whereas greater than doubling our income on the peak, we elevated our headcount by lower than 20% and deliberately stored our value construction variable to take care of agility in risky instances.

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