A summary of the unvested option activity is as follows: RSUs granted to employees generally vest over four years, based on continued employment, while RSUs granted to members of the Board generally vest approximately one year after grant date. 101 Employee Stock Purchase Plan Repricing of Stock Options Equity-Based Compensation Expense The vesting periods are based on the terms of the option grant agreements, generally four to five years. The risk-free interest rates are based on the U.S. Treasury rates as ...

"2023 was a transformational year at BODi. Our turnaround plan successfully simplified our digital platform, lowering our breakeven point and enhancing our liquidity position," said Carl Daikeler, BODi's Co-Founder and Chief Executive Officer. "In 2024, our objective is fostering more profitable revenue streams and sustainable free cash flows, with a renewed focus on reshaping our nutrition business. Our accomplishments in 2023 set the foundation for continued execution of our turnaround in 2024. We expect ...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--The Beachbody Company, Inc. (NYSE: BODY) (“BODi” or the “Company”), today announced that its Class A common stock will begin trading on the New York Stock Exchange (“NYSE”) under the new ticker symbol “BODI” prior to the market open on March 4, 2024. This will replace the company’s current ticker symbol, “BODY”. This new ticker symbol aligns with the company’s rebrand from Beachbody to BODi, announced on March 9, 2023. The Company’s Class A common stock, par value $0.000 ...

Company Participants Carl Daikeler - Co-Founder and CEO Conference Call Participants The Beachbody Company, Inc. (NYSE:BODY) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Marc Suidan - CFO Darin Tuttle - Singular Research I'll now turn the conference over to your host, Bruce Williams, Managing Director of ICR Investor Relations. Please go ahead. Before we get started, I would like to remind you of the company's Safe Harbor language. The statements contained in this conference call, which are ...

In connection with the Term Loan, the Company issued to certain holders affiliated with Blue Torch warrants for the purchase of 4,716,756 shares of the Company's Class A Common Stock at an exercise price of $1.85 per share (the "Term Loan Warrants"). The Term Loan Warrants vest on a monthly basis over four years, with 30%, 30%, 20% and 20% vesting in the first, second, third and fourth years, respectively. The Term Loan Warrants have a seven-year term from the Effective Date. See Note 3, Fair Value Measurem ...

This presentation contains forward-looking statements within the meaning of federal and state securities laws, including, without limitation, our expectations, forecasts, plans and opinions regarding our strategic plans, market opportunities, product development initiatives, financial performance, expected revenue growth and adjusted EBITDA margin for 2023, restructuring initiatives and planned expense reductions. These statements involve risks and uncertainties that could cause actual events to differ mate ...

Yes. Hello. So IÂ'm not sure I understood why if the main reason for the EBITDA negativity in the quarter was the $7 million of convention expense and that will be in there in the third quarter. WhatÂ's the key reason that EBITDA is negative then in the third quarter for the guidance? Hi, Linda. ItÂ's Marc. Last year, the event occurred in Q3, so the expense was in Q3. This year, the event occurred in Q2, so the expenses in Q2. It will not be in Q3. So that $7 million will not be recurring in subsequent qua ...

24 BODi is a leading subscription health and wellness company. We focus primarily on digital content, supplements, connected fitness, and consumer health and wellness. Our goal is to continue to provide holistic health and wellness content and subscription-based solutions. We are the creator of some of the world's most popular fitness programs, including P90X, Insanity, and 21 Day Fix, which transformed the at-home fitness market and disrupted the global fitness industry by making it accessible for people t ...

Company Participants Good afternoon, ladies and gentlemen. Welcome to The Beachbody Company First Quarter Earnings Call. At this time, all participants are in listen-only mode. [Operator Instructions]. I would like to remind everyone that this conference call is being recorded. With me on the call today are Carl Daikeler, Co-Founder, Chairman and Chief Executive Officer of The Beachbody Company; and Marc Suidan, Chief Financial Officer. Following Carl and Marc's prepared remarks we'll open the call up for q ...

Revenue The decrease in nutrition and other revenue for the three months ended March 31, 2023, as compared to the three months ended March 31, 2022, was primarily due to a $20.4 million decrease in revenue from nutritional products due to 30% fewer nutritional subscriptions and a $1.4 million decrease in fitness accessories revenue. Digital cost of revenue includes costs associated with digital content creation including amortization and revision of content assets, depreciation of streaming platforms, digit ...