Nautilus, Inc. Delivers Record Second Quarter Results
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Nautilus (NLS) Tops Q2 EPS by 65c, Revenues Beat
August 10, 2020 4:37 PM EDTNautilus (NYSE: NLS) reported Q2 EPS of $0.56, $0.65 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $114.19 million versus the consensus estimate of $68.74 million.
Management Comments
The second quarter of 2020 was one of the strongest quarters ever for our Company; highlighted by record sales, almost 1,200 basis point increase in gross margins, and a $78 million improvement in operating loss, resulting in adjusted EBITDA of $25 million," said Jim Barr, Nautilus Inc. Chief Executive Officer. While we benefitted from the COVID-19 at-home fitness trend, our teams agility and strong execution... More
