Interactive Strength Inc

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Interactive Strength, Inc. engages in the development and sale of an at-home fitness technology platform. It offers Forme, a digital fitness service that combines fitness hardware products with personal training and coaching services. It operates under the following geographical segments: the United States, the United Kingdom, and Taiwan. The company was founded by Trent A. Ward and Ben Bartlett on May 8, 2017 and is headquartered in Austin, TX.

Gold's Gym is installing multiple CLMBRs in three Central Texas locations initially and there is a potential of 58 total locations in Texas Gold's Gym SoCal is installing multiple CLMBRs in each of its 23 locations in California There are more than 600 locations in the overall Gold's Gym system AUSTIN, TX / ACCESSWIRE / July 18, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that, following last month's six-figure order from Gold's Gym SoCal, Gold's Gym is installing CLMBRs in three of the brand's 58 locations in Texas. Trent Ward, Co-Founder and CEO of TRNR, said, "We have high expectations for future growth in the Gold's Gym system due to the six-figure flagship CLMBR order for the 23 locations of Gold's Gym SoCal that we announced at the end of June.

Interactive Strength Inc. (Nasdaq:TRNR) Drives CLMBR Growth With New Gold's Gym Texas Installations Following the Six-Figure Order From Gold's Gym SoCal

AUSTIN, TX / ACCESSWIRE / July 10, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) ("TRNR" or "the Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that the Company received a letter on July 8, 2024 from the Staff at Nasdaq Listings Qualifications stating that the Company has regained compliance with Listing Rule 5550(a)(2), which specifies rules regarding a minimum bid price of $1.00. Trent Ward, Co-Founder and CEO of TRNR, said: "We are proud that we have regained compliance with this Listing Rule, and look forward to maintaining our status on Nasdaq in the future.

Interactive Strength Inc. (Nasdaq:TRNR) Regains Compliance with Nasdaq Listing Rule about Minimum Bid Price

Interactive Strength (NASDAQ: TRNR ) stock is rocketing higher on Monday after the fitness platform operator completed a reverse stock split. Interactive Strength enacted a reverse stock split on a one-for-40 basis when markets opened on Friday.

Interactive Strength (TRNR) Stock Surges 129% After Reverse Stock Split

AUSTIN, TX, April 26, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that it had converted $3.0 million of the Company's $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024.

Interactive Strength Inc. (Nasdaq: TRNR) Strengthens Balance Sheet by Partially Converting Senior Loan to Equity and Extending the Maturity

AUSTIN, TX, April 10, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced that the Company's CLMBR brand will be exhibited at FIBO Global Fitness, the world's largest trade show for fitness, wellness and health in Cologne, Germany on April 11-14. FIBO is the annual main event where global leaders across the health and fitness industry gather to discover the latest equipment, products and services.

Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit CLMBR at FIBO Global Fitness, the World's Largest Trade Show for Fitness, Wellness and Health on April 11-14

Net Loss and Earnings per Diluted Share of $11.4 million and $0.80 Adjusted EBITDA was a $3.5 million loss, a $5.5 million improvement versus fourth quarter of 2022 The Company confirms it expects to be run-rate Adjusted EBITDA positive as early as the fourth quarter of 2024 AUSTIN, TX, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (NASDAQ: TRNR) (the "Company", or “TRNR”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced its financial results for the fourth quarter of 2023.    The Company incurred a net loss of $11.4 million for the fourth quarter of 2023, or a loss of $0.80 per diluted share, as compared with a net loss of $18.8 million, or a loss of $27.80 per diluted share for the same period in 2022.

Interactive Strength Inc. (Nasdaq: TRNR) Reports Fourth Quarter 2023 Results

AUSTIN, TX, March 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment and provider of virtual personal training services, today announced that it has received written notification from the Nasdaq Stock Market (“Nasdaq”) that, based on the Company's Form 8-K, dated February 16, 2024, Nasdaq has determined that the Company complies with Nasdaq Listing Rule 5550(b)(1) (the “Stockholders' Equity Requirement”).

Interactive Strength Inc. (Nasdaq: TRNR) Receives Letter From Nasdaq Confirming That the Company Complies With the Stockholders' Equity Requirement

AUSTIN, TX, Feb. 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR) (“TRNR” or “the Company”), maker of premium smart home gyms and provider of virtual personal training services under the FORME brand, today announced that it has completed the acquisition of substantially all of the assets of CLMBR, Inc., (“CLMBR”) the maker of the first-to-market connected vertical climber.

Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform

Net Loss and Earnings per Diluted Share of $10.4 million and $0.73 Adjusted EBITDA was a $3.4 million loss, a $5.8 million improvement versus third quarter of 2022 Entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc. AUSTIN, TX, Nov. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), today announced its financial results for the third quarter of 2023.    The Company incurred a net loss of $10.4 million for the third quarter of 2023, or a loss of $0.73 per diluted share, as compared with a net loss of $14.8 million, or a loss of $30.16 per diluted share for the same period in 2022.

Interactive Strength Inc. d/b/a FORME Reports Third Quarter 2023 Results

Interactive Strength recently signed agreement to acquire CLMBR, creating a high-growth, B2B focused, connected fitness platform

Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR) to Present at the Webull LIVE! with Corporate Connect: Virtual Consumer Tech Webinar

AUSTIN, TX, Oct. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Interactive Strength Inc. d/b/a FORME (Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, announces a strategic partnership with Truemed (True Medicine), a leading healthcare payment provider. This pioneering collaboration enables U.S. customers to spend funds from their HSA (Health Savings Account) and FSA (Flexible Spending Account) programs to access FORME's cutting-edge wellness solutions, resulting in average after-tax savings between 30% and 40%.

Interactive Strength, Inc. d/b/a FORME Announces Strategic Partnership with HSA/FSA Payment Provider Truemed

AUSTIN, TX / ACCESSWIRE / October 13, 2023 / It's been a rough couple of years for connected fitness as the pandemic-era bubble burst leaving once shining growth stocks like Peloton grappling with waning demand and high production costs. However, some companies had the agility and foresight to pivot and diversify their revenue as consumer demand fell.

FORME Eyes Sustainable Growth Through CLMBR Acquisition Using A B2B/B2C Multi-channel Strategy To ‘Avoid Mistakes Of Peloton, Other Struggling Connected Fitness Companies'

AUSTIN, TX, Oct. 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, today announced that it has entered into a definitive agreement to acquire substantially all of the assets of CLMBR, Inc., the maker of the first-to-market connected vertical climber.

Interactive Strength, Inc. d/b/a FORME (Nasdaq: TRNR) to Acquire CLMBR, Creating a High-growth, B2B Focused, Connected Fitness Platform

Company Name Misspelled in Earlier Release BALTIMORE, MD / ACCESSWIRE / August 17, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Interactive Strength, Inc. d/b/a FORME (NASDAQ:TRNR). FORME recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth, along with its valuation.

CORRECTION BY SOURCE: Goldman Small Cap Research Publishes New Research Report on Interactive Strength, Inc.

BALTIMORE, MD / ACCESSWIRE / August 17, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Interactive Health, Inc. d/b/a FORME (NASDAQ:TRNR). FORME recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth, along with its valuation.

Goldman Small Cap Research Publishes New Research Report on Interactive Health, Inc.

AUSTIN, TX, Aug. 15, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”), maker of premium smart home gyms and provider of virtual personal training services, is excited to announce that it has entered into a non-binding letter of intent and exclusivity agreement to acquire a connected fitness equipment business.

Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces Non-Binding Letter of Intent and Exclusivity Agreement to Acquire a Connected Fitness Equipment Business

Net Loss and Earnings per Diluted Share of $13.6 million and $1.02 Adjusted EBITDA was a $5.7 million loss, a $4.1 million improvement versus second quarter of 2022 Average Annualized Recurring Revenue per Household at $1,570, more than three times greater versus second quarter of 2022 Entered into Non-Binding Letter of Intent and Exclusivity Agreement to acquire a Connected Fitness Equipment Business AUSTIN, TX, Aug. 15, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), today announced its financial results for the second quarter of 2023. The Company incurred a net loss of $13.6 million for the second quarter of 2023, or a loss of $1.02 per diluted share, as compared with a net loss of $11.9 million, or a loss of $24.46 per diluted share for the same period in 2022, due primarily to expenses incurred in connection with the Company's initial public offering (the “IPO”).

Interactive Strength Inc. d/b/a FORME Reports Second Quarter 2023 Results

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Company Continues Business-To-Business Commercial Strategy to Strengthen Multi-Year Subscription Opportunities FORME Selected as a Preferred Equipment Supplier for Industry Leading Fitness Center Consulting and Procurement Firm AUSTIN, TX, Aug. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”), maker of premium smart home gyms and provider of virtual personal training services, is continuing its expansion into the commercial market through a partnership with The Risher Companies (“TRC”), one of the largest fitness center consulting and equipment procurement firms servicing multi-family properties, real estate development and management companies, master-planned communities, and office buildings nationwide. TRC distributes over 20 commercial brands of fitness equipment and is a top 10 national distributor for Matrix, Woodway, Stages Cycling, Octane and FreeMotion Fitness.

Interactive Strength Inc. (Nasdaq: TRNR d/b/a “FORME”) Announces Distribution Partnership With Industry Leading Integrated Fitness Services Company, The Risher Companies

AUSTIN, TX, June 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), maker of premium smart home gyms and provider of virtual personal training services, announces that on June 6th the Company signed a note purchase agreement to issue senior secured notes (the "Notes") with gross proceeds to the Company of up to $15.0 million.

Interactive Strength Inc. Secures $15M Credit Facility to Support Increased Demand

Adjusted EBITDA was a $4.4 million loss, a $6.3 million improvement versus first quarter of 2022 Average Annualized Recurring Revenue per Household at $1,650, more than three times greater versus first quarter of 2022 New Note Purchase Agreement to issue up to $15.0 million in senior secured notes AUSTIN, TX, June 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. d/b/a FORME (the "Company", or “FORME”) (NASDAQ: TRNR), today announced its financial results for the first quarter of 2023. The Company incurred a net loss of $16.0 million for the first quarter of 2023, or a loss of $2.09 per diluted share, as compared with a net loss of $12.7 million, or a loss of $43.81 per diluted share for the same period in 2022, due primarily to expenses incurred in connection with the Company's IPO.

Interactive Strength Inc. d/b/a FORME Reports First Quarter 2023 Results

Presentation to be webcast at 12:00 p.m. Pacific Time on June 7th Austin, Texas--(Newsfile Corp. - June 1, 2023) - Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) ("FORME" or "the Company"), maker of premium smart home gyms and provider of virtual personal training services, announces that Trent Ward, Co-founder and CEO, will present at the 13th Annual LD Micro Invitational being held on June 6-8, 2023 at the Luxe Sunset Bel-Air Hotel in Los Angeles, California.

TRNR (Interactive Strength Inc. d/b/a FORME) to Present at LD Micro Conference on June 7, 2023 in Los Angeles

Presentation to be webcast at 11:30AM/ET on June 1st Austin, Texas--(Newsfile Corp. - May 25, 2023) - Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) ("FORME" or "the Company"), maker of premium smart home gyms and provider of virtual personal training services, announces that Trent Ward, Co-founder and CEO, will present at the virtual Investor Summit on June 1st. Event: Investor Summit Presentation: June 1, 2023 at 11:30 a.m.

Interactive Strength Inc. d/b/a FORME to Present at the Investor Summit on June 1st

AUSTIN, TX, May 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Interactive Strength Inc. d/b/a FORME (“FORME” or “the Company” or Nasdaq: TRNR), maker of premium smart home gyms and provider of virtual personal training services, has launched its European expansion strategy by focusing on strategic partnership with SIGNA Sports United, a specialist sports e-commerce company with businesses in bike, tennis, outdoor, and team sports. SSU has more than 80 online sites and partners with 500 shops serving over 6 million customers worldwide.

Interactive Strength Inc. d/b/a FORME Launches European Expansion Plan by Focusing on Strategic Partnership With SIGNA Sports United

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