UPDATE: Roth Capital Downgrades F45 Training Holdings (FXLV) to Neutral

Go back to UPDATE: Roth Capital Downgrades F45 Training Holdings (FXLV) to Neutral

F45 Announces AFTER Veteran Program and $100 Million Financing Facility

May 16, 2022 4:13 PM EDT

Initiative to provide service members the opportunity to convert their military experience into business ownership by becoming F45 franchisees supported by exclusive access to $100 million in committed financing

AUSTIN, Texas--(BUSINESS WIRE)-- F45 Training Holdings Inc. (F45 or the Company) (NYSE: FXLV), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced the debut of the F45 Armed Forces to Entrepreneur... More

F45 Reports First Quarter Fiscal 2022 Results

May 16, 2022 4:05 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- F45 Training Holdings Inc. (NYSE: FXLV) (F45 or the Company), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced financial results for the fiscal first quarter ended March 31, 2022.

We delivered total revenue of over $50 million and Adjusted EBITDA of nearly $18 million for the first quarter, which were above expectations. In addition, we sold 706 new full fee-paying franchises during the quarter, which will provide a bridge to 1,500 new franchises sold for the full year (up from 1,000). In addition, we are reaffirming full-year guidance for 1,000... More

F45 Announces First-of-its-kind $150 Million Financing Facility to Accelerate Franchise Expansion in the U.S.

May 16, 2022 7:30 AM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- F45 Training Holdings Inc. (NYSE: FXLV) (F45 or the Company), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced a strategic financing facility with affiliates of Fortress Credit Corp. (Fortress). The new facility will allow the Company to immediately start offering eligible F45 franchisees access to growth capital to support the development of new F45 studios across the United States. This facility will be funded by a $150 million commitment of debt financing with the potential to increase to $300 million over time.

I am thrilled to... More