Nautilus (NLS) Q4 2022 Earnings Call Transcript

Aina?

Aina KonoldChief Monetary Officer

Thanks, Jim. Right this moment, I will be talking to whole firm outcomes for This autumn and can present steering for fiscal yr ’23. Please go to our web site to view our press launch and the slides accompanying this name for extra data on whole firm full yr ’22 outcomes and for added data on our segments. I will begin with Slide 16 of the presentation, P&L outcomes for This autumn.

As mentioned beforehand, we delivered the 2 highest gross sales quarters in our firm’s historical past within the again half of ’21, fueled partially by pandemic-driven demand. Given the distinctive nature of final yr’s outcomes, we’ll discuss gross sales progress versus final yr fiscal yr ’21 and versus final, final yr fiscal yr 2020 to gauge our progress and general firm enhancements when in comparison with extra normalized outcomes. Web gross sales for the fourth quarter have been $120 million, down 42% versus final yr and up 41% versus final, final yr, excluding Octane. Gross revenue was $21 million and gross margins have been 18%, down 21 factors from final yr.

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