Financial Performance - The company reported a net loss of $10.6 million for Q2 2024, or a loss of $17.48 per diluted share, an improvement from a net loss of $13.6 million, or a loss of $40.78 per diluted share in Q2 2023[1]. - Adjusted EBITDA for the quarter was a loss of $2.9 million, reflecting a $2.8 million improvement compared to Q2 2023[2]. - Net loss for Q2 2024 was $10,637,000, an improvement from a net loss of $13,602,000 in Q2 2023, while the six-month net loss decreased from $29,563,000 in 2023 to $22,031,000 in 2024[17]. - Adjusted EBITDA for Q2 2024 was $(2,894,000), compared to $(5,731,000) in Q2 2023, and $(10,157,000) for the six months ended June 30, 2023, compared to $(6,342,000) in 2024[18]. - Total revenue for Q2 2024 was $621,000, significantly up from $316,000 in Q2 2023, with six-month revenue increasing from $473,000 in 2023 to $984,000 in 2024[19]. - Fitness product revenue rose to $258,000 in Q2 2024 from $224,000 in Q2 2023, while membership revenue surged from $32,000 to $207,000 in the same period[19]. - Total operating expenses decreased from $10,800,000 in Q2 2023 to $7,002,000 in Q2 2024, with research and development expenses at $2,474,000 compared to $2,326,000 in the prior year[19]. - Net loss for the six months ended June 30, 2024, was $22,031,000, an improvement from a net loss of $29,563,000 for the same period in 2023[21]. Cash Flow and Assets - Cash and cash equivalents as of June 30, 2024, were $156,000, with total current assets increasing to $8,270,000 from $5,356,000 at the end of 2023[20]. - Total assets increased to $37,765,000 as of June 30, 2024, compared to $16,802,000 at the end of 2023[20]. - Current liabilities rose to $35,599,000 from $21,534,000 at the end of 2023, primarily due to an increase in accounts payable and loan payable[20]. - Net cash used in operating activities decreased to $5,160,000 from $11,200,000 year-over-year[21]. - Net cash used in investing activities was $1,407,000, compared to $868,000 in the prior year[21]. - Net cash provided by financing activities was $6,673,000, down from $13,687,000 in the previous year[21]. - Cash and restricted cash at the end of the period was $156,000, significantly lower than $1,403,000 at the end of the previous year[21]. Business Strategy and Market Outlook - The company expects to generate between $2.0 million and $2.5 million in revenue for Q3 2024, contingent on the timing of receiving required certifications for European deliveries[6]. - Successful pilots were conducted with Crunch Fitness and Gold's Gym, leading to orders for 13 and 2 CLMBRs respectively, with Gold's Gym planning installations in 23 locations[3][4]. - The company anticipates strong international demand, having secured initial orders in Germany and the Gulf region, with expectations to sell to at least ten international distributors this year[5]. - The company does not expect to achieve previous revenue and profitability guidance until 2025 due to a slower ramp in revenue for CLMBR following its acquisition[6]. - The company has shifted its business model to primarily focus on B2B sales following the acquisition of CLMBR, Inc., and will no longer report certain DTC metrics[17]. - The company is investing in new product development and market expansion strategies to enhance revenue growth and operational efficiency[17]. - The company plans to provide updated guidance on revenue and profitability when timing becomes more certain[6]. Stockholder's Equity and Compensation - Stockholder's equity was reported at $0.4 million as of June 30, with an equity offering of $4.0 million completed on July 2, improving compliance with Nasdaq's Equity Rule[7]. - Stock-based compensation recorded was $6,291,000, a decrease from $18,938,000 in the prior year[21]. - The company issued common stock worth $3,969,000 for the acquisition of a business[21]. - The company capitalized $155,000 in stock-based compensation related to software development[22]. - The company reported a change in fair value of convertible notes amounting to $316,000[21]. - The company experienced a loss on exchange of warrants for equity totaling $358,000[21]. Product Development and Challenges - The company is focused on enhancing the durability of CLMBR components, which caused delays in product shipping and revenue generation[2]. - The partnership with WOODWAY aims to ensure CLMBR meets the stringent specifications of commercial users[2].

Core Viewpoint - Interactive Strength (NASDAQ:TRNR) has successfully appealed for continued listing on the Nasdaq Exchange, receiving an extension until November 14, 2024, to regain compliance with the minimum stockholders' equity requirement of $2.5 million [1][3]. Group 1: Company Compliance and Financial Performance - The Nasdaq Hearings Panel has acknowledged the potential of Interactive Strength to regain compliance with the Equity Rule by the time it reports its third-quarter earnings in November [3]. - The company indicated that it would have been compliant with the Equity Rule for the quarter ending June 30 on a pro forma basis, factoring in an equity offering that closed on July 2 [3]. Group 2: Stock Market Reaction - Following the news, TRNR stock experienced significant trading activity, with over 85 million shares exchanged, far exceeding the average daily trading volume of approximately 1.4 million shares [4]. - As of Monday afternoon, TRNR stock has risen by 58.8% [4].

TRNR Stock Movement Today On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Interactive Strength (NASDAQ:TRNR) stock is rocketing higher on Monday after the fitness platform operator completed a reverse stock split. The reverse stock split is part of the company's plan to regain compliance with ...

Exhibit 99.1 INTERACTIVE STRENGTH INC. Interactive Strength Inc. (Nasdaq: TRNR) Reports First Quarter 2024 Results Net Loss and Earnings per Diluted Share of $11.4 million and $0.67 Adjusted EBITDA was a $3.4 million loss, a $1.0 million improvement versus first quarter of 2023 The Company confirms it expects to be run-rate Adjusted EBITDA positive as early as the fourth quarter of 2024 Austin, Texas - May 20, 2024 - Interactive Strength Inc. d/b/a FORME (the "Company", or "FORME") (NASDAQ: TRNR), today ann ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 | Delaware | 82-1432916 | | --- | --- | | ( State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 1005 Congress Ave, Suite 925 | | | Austin , Texas | 78701 | | (Address of principal executive offices) | (Zip Code) | | | Registrant's telephone number, including area code: (512) 885-0035 | FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-41610 INTERACTIVE STRENGTH INC. (Exact name of Registrant as specified in its Charter) Delaware 82-1432916 (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission File Number: 001-41610 INTERACTIVE STRENGTH INC. Delaware 82-1432916 ( State or other jurisdiction of incorporation or or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 For the transition period from ___________ to ________ Commission File Number: 001-41610 INTERACTIVE STRENGTH INC. (Exact Name of Registrant as Specified in its Charter) Delaware 82-1432916 ( State or other jurisdiction of incorporation or organization) 1005 Congress Ave, Suite 925 Aus ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission File Number: 001-41610 INTERACTIVE STRENGTH INC. (Exact Name of Registrant as Specified in its Charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ( State or other juri ...