Interactive Strength Inc. (NASDAQ:TRNR) announced its financial results for the third quarter of 2024 on November 14, 2024. The company reported a net loss of $7.1 million, or $1.53 per diluted share, which compares to a net loss of $10.4 million, or $29.35 per diluted share, for the same period in 2023.
The company achieved its third-quarter revenue guidance, reporting $2.0 million, representing a 325% growth compared to the second quarter of 2024. Adjusted EBITDA was a $2.3 million loss, marking a $1.0 million improvement versus the third quarter of 2023.
TRNR also provided guidance for the fourth quarter of 2024, expecting to generate $2.4 million in revenue. Stockholders' Equity stood at $5.8 million at the end of the third quarter of 2024.
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