Vancouver, Washington-based Nautilus reported a quarterly sales record for its second fiscal quarter as people continued to exercise at home during the pandemic.
According to a press release from the fitness equipment maker, net sales rose 61.7 percent to $ 184.6 million from $ 114.2 last year. Nautilus fitness brands include Bowflex, Schwinn Fitness, Octane, and Universal Gym Equipment.
Gross profit increased $ 17.1 million to $ 55.5 million, according to the press release. Operating profit was $ 18 million on an operating margin of 10 percent, and the company’s EBITDA profit was $ 20 million.
“We have achieved record results for three consecutive quarters,” said CEO Jim Barr. “I’m really excited about how our team performed compared to last year, the first full quarter that benefited from the COVID-related tailwind.”
Nautilus continues to improve JRNY, its digital home fitness video platform. In the past quarter, more than 200 instructor-led videos were added and the JRNY app was launched for the IC4 and C6 home spin bikes.
This week, Nautilus announced a partnership with FitOn, a popular free fitness app for home training; JRNY members can view hundreds of third-party workouts through the digital fitness platform and app.
Nautilus stock, trading on the New York Stock Exchange under the symbol NLS, closed at $ 13.63 on Wednesday, up 7 cents per share.
Though quarterly results beat analysts’ estimates, the stock is down 4.9 percent year-over-year as the company faces falling margins and supply chain issues, according to Seeking Alpha.