AwesomeStocks Donât want emails from us anymore? Click [here]( to unsubscribe. Hello! New Alert: Interactive Strength Inc. d/b/a FORME (NASDAQ: TRNR) TRNR has a history of experiencing increased volatility and could now be positioned for a breakout higher. TRNR is a newly listed NASDAQ company that had its IPO earlier this year. Over the past few weeks TRNR has been consolidating, but over the past few days has been trending higher. Could this be the start of a sustainable breakout higher? In the event that TRNR holds above its recent lows and 20 day moving average of 1.38, there exists potential for a big bounce higher. TRNR has a 50 day moving average of 1.80, more than 24% above yesterdayâs close. TRNR is a âdigital fitness platform that combines premium smart home gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainersâ. TRNR delivers an âimmersive and dynamic at-home fitness experience through two connected hardware productsâ: - âThe FORME Studio (fitness mirror)â
- âThe FORME Studio Lift (fitness mirror and cable-based digital resistance)â As the company further explains: âThe Studios uniquely transform to host a variety of workouts and activities, returning to an elegant, full-length mirror when not in use.â In addition to the companyâs connected fitness hardware products, âFORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal trainingâ. TRNRâs unique approach could give them a competitive advantage. Since its IPO, over the past few months, the company has announced multiple accomplishments. In August, the company announced: âInteractive Strength Inc. (Nasdaq: TRNR d/b/a âFORMEâ) Announces Distribution Partnership With Industry Leading Integrated Fitness Services Company, The Risher Companiesâ Here are the highlights from this press release: - âCompany Continues Business-To-Business Commercial Strategy to Strengthen Multi-Year Subscription Opportunitiesâ
- âFORME Selected as a Preferred Equipment Supplier for Industry Leading Fitness Center Consulting and Procurement Firmâ As the company further explained: âThe Risher Companies (âTRCâ), one of the largest fitness center consulting and equipment procurement firms servicing multi-family properties, real estate development and management companies, master-planned communities, and office buildings nationwide. TRC distributes over 20 commercial brands of fitness equipment and is a top 10 national distributor for Matrix, Woodway, Stages Cycling, Octane and FreeMotion Fitness.â Here are some of the comments from this press release: âFORMEâs equipment is best-in-class and we are very excited to offer it to our clients in support of our focus on curating differentiated and value-added on-property amenities,â said Josh Mann, Partner and Vice President of TRC. âFORMEâs offering checks the three most important boxes for us - attractive and high-quality design, versatile functionality, and an engaging user experience, making it a great fit for many of our projects.â In addition, the company also announced: âInteractive Strength Inc. d/b/a FORME Reports Second Quarter 2023 Resultsâ Here are some of the companyâs comments from this press release: âTrent Ward, co-founder and CEO of FORME, said, âWhile the second quarter revenue was an improvement on the first quarter, we believe the most exciting driver in the business going forward is the letter of intent and exclusivity agreement into which we have entered, and which we believe should result in a transformational acquisition that can accelerate our commercialization path. We expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.ââ âSpecifically, for the second quarter, hardware installations drove the fitness product revenue to more than triple from the first quarter, and it would have been higher, but a number of installations slipped to July as a result of consumersâ holiday travel in June.â In addition: âWe are excited about what we are seeing in the B2B channel, as evidenced by our new partnership with The Risher Companies that was announced earlier this month. We expect that fitness product sales into the B2B channel will drive a material percentage of our hardware installations going forward as we are focusing more on this higher return on capital channel. In fact, the strength of the performance in the B2B channel, as well as our belief that the FORME business would benefit from it, were key reasons for our interest in the potential acquisition.â Most recently, the company announced: âInteractive Strength Inc. (Nasdaq: TRNR d/b/a âFORMEâ) Announces Non-Binding Letter of Intent and Exclusivity Agreement to Acquire a Connected Fitness Equipment Businessâ Here are the highlights from this press release: - âThe combined Company is projected to generate more than $25 million in gross revenue in 2024 and be cashflow positive and adjusted EBITDA profitable by the fourth quarter of 2024â
- âIt is currently anticipated that all of the equity of the target company will be exchanged for TRNR equity and be subject to a âlock-upâ until the end of October 2024, similar to pre-IPO shareholdersâ
- âThe transaction is expected to close as early as the fourth quarter of 2023â As the company further explains in the press release: âThe potential transaction, if consummated, is expected to accelerate FORMEâs commercialization path, result in immediate scale across all functions and create a high-growth and profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.â Here are some of the companyâs comments from this press release: âWe believe this will be a transformational acquisition that can accelerate our commercialization path. Further we believe the combination of these businesses will create tremendous value for both groups of shareholders,â said Trent Ward, co-founder and CEO of FORME. âWe expect this transaction can help us achieve immediate scale across all of our cost centers, resulting in a high-growth, profitable platform that sells connected fitness equipment and digital fitness services across B2B and B2C channels.â Moreover: âWe are excited about what we are seeing in the B2B channel in our own business. In fact, the strength of the performance in the B2B channel, as well as our belief that the FORME business would benefit from further investment in this area, were key reasons for our interest in the potential acquisition. This transaction sets the stage for FORME to become an industry leader across a range of modalities.â Importantly: âThis strategic move is also expected to provide FORME and the target company with enhanced cross-selling opportunities and improved penetration into new end markets.â TRNR could be in a position to experience increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. DISCLAIMER You should read and understand this disclaimer in its entirety before joining the website or email/blog list of AwesomeStocks.com (the âPublisherâ). The information (collectively the âAdvertisementâ) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement. While the Publisher does not charge for the SMS service, standard carrier message and data rates may apply. To unsubscribe from receiving promotional text messages to your phone sent via an autodialer, using your phone reply to the senderâs phone number with the word STOP or HELP for help. The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities, should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at www.sec.gov; the Financial Industry Regulatory Authority (the "FINRA") at www.FINRA.org, and relevant State Securities Administrator website and the OTC Markets website at www.otcmarkets.com. The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.htm, as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete. The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because all information relied upon by us in preparing an advertisement about an issuer comes from a public source, it is not reliable, and you should not assume it is accurate or complete. Owners and operators of the Publisher have been compensated ten thousand dollars by bank wire transfer on 8/28/23 for the distribution of this advertisement about TRNR dated 9/19/23. Previously, owners and operators of the Publisher have been compensated ten thousand dollars by bank wire transfer on 6/9/23 for the distribution of a prior advertisement about TRNR. Previously, owners and operators of the Publisher have been compensated twelve thousand five hundred dollars by bank wire transfer on 5/18/23 for the distribution of a prior advertisement about TRNR. Previously, owners and operators of the Publisher have been compensated eleven thousand dollars by bank wire transfer on 4/27/23 for the distribution of a prior advertisement about TRNR. The Publisher and its owners and operators hold no stocks or bonds in companies discussed in the Advertisement. Owners and operators of the Publisher own several newsletters, therefore you may receive multiple publications and emails featuring companies at different or the same time. You are receiving this report/release because you subscribed to receive it at our website or through a third-party site. All our newsletters include an "unsubscribe" link, and you can remove yourself at any time from our newsletters by clicking on that "unsubscribe" link. You can also contact us at info@AwesomeStocks.com to change your information at any time. By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer and privacy policy which can be viewed at the following link: www.AwesomeStocks.com/Disclaimer and www.AwesomeStocks.com/Privacy-Policy By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink. Our records indicate that {EMAIL} requested and confirmed to be added to AwesomeStocks.com on March 5, 2023. [Click Here To Unsubscribe]( 6020 Bent Pine Dr
Orlando Florida 32822
USA [Unsubscribe]( | [Change Subscriber Options](