On February 04, 2022, Nautilus Inc. (NLS) stock advanced further after hours to add 8.14% at 202.05K shares. While the company did file an amendment to the SC 13G filing, there is no other official announcement to drive the stock up.
During the regular trading session, NLS stock remained in the green with a gain of 2.19%. After fluctuating between $4.56 and $4.76, the stock closed the session at $4.67 with 768.57K shares exchanging. NLS continued to rise after hours to reach $5.05, on Friday.
The fitness products provider, Nautilus Inc. was founded in 1986 and is headquartered in Vancouver, WA. Currently, the company has a market capitalization of $145.59 million with 31.18 million shares outstanding. NLS presently stands at a year-to-date loss of 23.82% while it lost 81.16% last year.
Company News
On November 04, the company announced the addition of a video library of instructor-led strength workouts on the JRNY® digital fitness platform. The instructor-led strength workout videos include workouts for SelectTech® 552 and 1090 dumbbells. Furthermore, NLS also announced a limited-time one-year complimentary membership for new customers of JRNY. The one-year JRNY membership is included with the purchase of Bowflex SelectTech 552 and 1090 dumbbells.
Additionally, the company is also working on adding strength workouts specific to the Bowflex SlectTech 840 kettlebell and Bowflex SelectTech 2080 barbell with curl ball products.
Added to this, the company also launched a new web-based customer portal for detailed insights and managing accounts.
NLS Fiscal Q2 2022
On November 09, the company reported its financial results for the fiscal Q2 2022.
In fiscal Q2 2022, the net sales went down by 11.2% year over year to $138.0 million. Comparatively, the net sales were $155.4 million in the year-ago quarter.
In addition, NLS reported a net loss of $4.6 million ($0.15/share) in fiscal Q2 2022, against a net income of $33.8 million ($1.04/share) in the year-ago period.
NLS Upcoming Earnings
The company is set to declare its financial results for the fiscal third quarter FY2022 on February 09, 2022, after the market closes. While there have been some positive revisions, the market expects the company’s earnings to decline year over year. As of now, the expected quarterly loss is $0.50 per share with a decline of 151.6% year over year. Moreover, NLS revenues are also expected to go down by 19.3% year over year to $152.83 million for Q3 2021. But only after the actual results will we know how the company performed in the quarter.
