Nautilus provides an update on the continued growth of its JRNY® digital fitness platform

VANCOUVER, Wash.–(COMMERCIAL WIRE)–Nautilus, Inc. (NYSE: NLS) today provided the following update regarding the growth of JRNY®, the company’s personalized connected fitness platform, as well as the departure of chief digital officer Garry Wiseman.

JRNY® Membership Update

Starting June 30theBy 2022, members of JRNY®, Nautilus’ personalized connected fitness platform, exceeded 360,000, representing approximately 13% sequential growth in the seasonally slower quarter ending June 30the2022. Nautilus remains on track to exceed 500,000 total JRNY® members by the end of fiscal year 2023.

Nautilus continues to enhance the JRNY® platform through many unique features, including expanding visually differentiated connected fitness experiences for its members. JRNY® members now have access to more than 1,400 instructor-led videos on demand and can enjoy more than 220 locations with the immersive Explore the World feature.

Additionally, the company has made great strides in the past two years by expanding the number of products that feature JRNY® connectivity. In fiscal year 2022, approximately 80% of total units sold were JRNY® compatible, compared to only 22% in fiscal year 2020. In November 2021, Bowflex SelectTech® workouts launched on the JRNY platform ®, which enabled the best-selling SelectTech® 552 and 1090 dumbbells. connectivity for JRNY® users.

“Our research shows that our connected offering continues to resonate very well with customers. We look forward to the investments we made in fiscal year 2022 and new investments in the future to fuel JRNY® membership growth to reach our goal of over 500,000 members by the end of fiscal year 2023,” said Executive Director Jim Barr. . “We are also focused on further unlocking the value of our acquisition of VAY, a leader in vision systems. The integration of VAY’s motion tracking capabilities into JRNY® will further advance and accelerate our highly personalized strength training options, including the addition of rep counting and form training for SelectTech users.”

Departure of digital director Garry Wiseman

The company also announced that chief digital officer Garry Wiseman will be leaving Nautilus to accept a position with another organization effective July 29. Chris Quatrochi, Senior Vice President of Innovation and Product Development, whose responsibilities already included engineering JRNY®, will take over JRNY® from Mr. Wiseman. product management function. He will continue to report directly to CEO Jim Barr.

“We thank Garry for his significant contributions to Nautilus,” said Mr. Barr. “Garry played a key role in setting the direction for JRNY®, laying the groundwork for our transformation into a leading digitally enabled home fitness company and hiring several JRNY® product managers. He oversaw growth investments in JRNY® that significantly improved the user experience and drove customer adoption. We are confident that we are on track to lead JRNY® through its next phase of growth.”

About Nautilus, Inc.

Nautilus, Inc. (NYSE:NLS) is a global leader in digitally connected home fitness solutions. The company’s family of brands includes Bowflex®, Nautilus®, Schwinn® and JRNY®, its digital fitness platform. With a wide selection of exercise bikes, cardio equipment, and strength training products, Nautilus, Inc. promotes healthier living through connected and individualized fitness experiences and, in doing so, envisions building a healthier world, a person at once.

Headquartered in Vancouver, Washington, the company’s products are sold direct to consumers on the brand’s websites and through retail partners, and are available throughout the US and internationally. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the marketplace.

Forward-looking statements

This press release includes forward-looking statements (statements that are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: specific or forecast projected financial results, operating results and capital expenditures, including including, but not limited to, sales growth rates, gross margins, operating expenses, operating margins, anticipated demand for new and existing Company products, statements about the Company’s prospects, resources or capabilities; planned investments, strategic initiatives and the anticipated or anticipated results of such initiatives; the effects of the COVID-19 pandemic on the Company’s business; and planned operational initiatives and the anticipated cost-saving results of such initiatives. All of these forward-looking statements are subject to risks and uncertainties that may change at any time. Factors that could cause Nautilus, Inc.’s actual expectations to differ materially from these forward-looking statements also include: weaker-than-expected demand for new or existing products; our ability to timely purchase inventory that meets our quality control standards from single-source foreign manufacturers at acceptable costs; risks associated with actual and potential delays, work stoppages or supply chain disruptions, including shipping delays due to severe shipping container shortages; the inability to convey or otherwise mitigate the impact of commodity price increases and other cost pressures, including unfavorable exchange rates and increased shipping costs; experiencing delays and/or higher than anticipated costs in connection with new product launches, new market entry or strategic initiatives; our ability to hire and retain key management personnel; changes in consumer fitness trends; changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decrease in consumer spending due to unfavorable economic conditions; risks related to the impact on our business of the COVID-19 pandemic or similar public health crisis; softness in the retail market; availability and timing of capital to fund our strategic initiatives, including the ability to raise capital on favorable terms or at all; changes in financial markets, including changes in credit markets and interest rates that affect our ability to access those markets on favorable terms and the impact of any future deterioration. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other documents filed with the Securities and Exchange Commission, including “Risk Factors” set forth in our Annual Report on Form 10-K, supplemented for our quarterly reports. on Form 10-Q. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent developments, events or circumstances.

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