Peloton Interactive Inc. (PTON) shares declined 6.27% in after-hours on Thursday, August 26, 2021, and closed at $106.94. Earlier in the regular trading session of Thursday, PTON’s stock lost 1.86%. PTON shares have risen 69.52% over the last 12 months, and they have moved up 5.83% in the past week. Over the past three months, the stock has gained 1.32%, while over the past six months, it has lost 5.30%.
Let’s see why did it face negativity on Thursday?
PTON latest financial results announcement
On August 26, 2021, Peloton Interactive, Inc. (PTON) reported its financial results for the fourth quarter and full-year fiscal 2021.
Q4 2021 financial highlights
- PTON total revenue grew 54% to $937 million in Q4 2021 compared to $607 million in Q4 2020.
- Gross profit in Q4 2021 was $253.6 million compared to $288.8 million in Q4 2020.
- Total operating expense was $555.4 million in Q4 2021 compared to $198.8 million in Q4 2020.
- It suffered a net loss of $313.2 million or $1.05 per diluted and basic share in Q4 2021 compared to net income of $89.1 million in Q4 2020.
- Adjusted EBITDA was $45.1 million in Q4 2021 compared to $143.6 million in Q4 2020.
- The company had $1.6 billion in cash, cash equivalents, and investments in marketable securities on June 30, 2021.
FY 2021 financial highlights
- PTON total revenue was $4.021 billion for FY 2021 compared to $1.82 billion in FY 2020.
- In FY 2021, gross profit was $1.45 billion compared to $836.7 million in FY 2020.
- Total operating expenses were $1.64 billion in FY 21 compared to $917.6 million in FY 20.
- It suffered a net loss of $189.0 million in FY 2021 compared to $71.6 million in FY 20.
- Net (loss) per basic share attributable to common stockholders was $0.64 in FY 21 compared to $0.32 in FY 20.
- Adjusted EBITDA was $253.7 million in FY 2021 compared to $117.7 million in FY 20.
Q1 2022 Financial Guidance
For Q1 2022, the company is expecting.
- $800 million total revenue.
- The gross profit margin of approximately 33%.
- Adjusted EBITDA of $285 million.
PTON New Tread Mill
On August 24, 2021, Peloton (PTON) announced the all-new Peloton Tread will be available in the United States, Canada, and the United Kingdom on August 30, and will be available in Germany in fall 2021. The new Peloton Tread combines Peloton’s award-winning content and quality design with safety features integrated into the experience to create an efficient and engaging total body workout experience.
Conclusion
PTON stock plummeted after the financial results announcement which missed the analyst expectations and it reported a massive loss in Q4 21. It can further slide down in the coming trading sessions on Friday.
