Nautilus (NLS) Q4 2022 Earnings Call Transcript

We have mirrored these short-term elements in steering that Aina will present. Subsequent, I’ll briefly evaluate our monetary outcomes. We delivered fourth quarter and full yr outcomes that have been in keeping with our steering and underscore sturdy execution within the face of post-COVID demand and a tricky macro atmosphere. I’m very happy with our staff’s efficiency in fiscal 2022, one other historic gross sales yr, demonstrating sturdy demand for our merchandise.

For the fiscal yr ’22, web gross sales have been $590 million, a 112% improve in comparison with the identical interval two years in the past, excluding Octane. Fiscal ’22 was the second highest annual income within the final 15 years. Turning to the quarter. Our general monetary outcomes have been in keeping with steering as we achieved fourth quarter web gross sales of $120 million, down from final yr’s all-time file excessive, however 41% up versus two years in the past, excluding Octane.

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