Latest news with #TRNR
Miami Herald
09-07-2025
- Business
- Miami Herald
Interactive Strength Inc. (Nasdaq: TRNR) Receives 'Buy' Rating and $15 Price Target in Maxim Group Research Initiation
First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside AUSTIN, TEXAS / ACCESS Newswire / July 9, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a "Buy" recommendation and a price target of $15.00 per share, based on its independent assessment of the Company's potential operating performance and valuation relative to peers. The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR's specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy. Forte wrote in the 12-page initiation note that: "Interactive Strength's acquisition of Wattbike and the pending purchase of Sportstech take the company to a much larger scale for sales and adjusted-EBITDA earnings potential. We expect revenue to ramp from $5.4 M in 2024…to $105 M in 2026, and we are initiating coverage with a Buy rating and a $15 price target." Trent Ward, TRNR Co-Founder & CEO, commented that "Maxim Group's coverage marks our entry into the formal sell-side research ecosystem and validates the increased investor interest we're seeing in TRNR. Analyst coverage is often the first step toward greater liquidity and more appropriate valuation for emerging public companies, and we're pleased to have a seasoned TMT analyst recognize the strength of our model." Highlights from Maxim's initiation Buy rating; $15 target - implies ~130 % upside from the July 8th, 2025 closing drivers: Wattbike & Sportstech contributions, margin expansion as scale builds within a large and growing addressable market, and upside optionality from the AI-focused $FET Digital Asset Treasury Sportstech closing, international expansion, new partnerships and corporate wellness offerings. Access to the report Maxim Group research is available only to the firm's clients. Interested investors should contact their Maxim Group sales representative directly or reach out to ir@ in order to be introduced in order to access the report. TRNR Investor Contactir@ About Maxim Group Maxim Group LLC is a full-service investment bank and wealth-management firm headquartered in New York City, providing a range of financial services to emerging-growth companies and institutional investors. The firm is a member of FINRA, SIPC and Nasdaq. About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME 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 training. Forward Looking Statements:This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the comments made by the Maxim analyst, including, achieving a $15 share price, more than 800% growth in 2025 revenue, having potential crypto-treasury upside, completing the pending acquisition of Sportstech, achieving much larger scale for sales and adjusted-EBITDA earnings, achieving revenue of $105 million in 2026, as well as having increased investor interest, greater liquidity and more appropriate valuation in the future or the relative strength of the Company's business model, margin expansion and growing addressable market. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc.
USA Today
09-07-2025
- Business
- USA Today
Interactive Strength Inc. (Nasdaq: TRNR) Receives "Buy" Rating and $15 Price Target in Maxim Group Research Initiation
First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside Interactive Strength Inc. (Nasdaq:TRNR) ('TRNR' or the 'Company'), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a 'Buy' recommendation and a price target of $15.00 per share, based on its independent assessment of the Company's potential operating performance and valuation relative to peers. The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR's specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy. Forte wrote in the 12-page initiation note that: 'Interactive Strength's acquisition of Wattbike and the pending purchase of Sportstech take the company to a much larger scale for sales and adjusted-EBITDA earnings potential. We expect revenue to ramp from $5.4 M in 2024…to $105 M in 2026, and we are initiating coverage with a Buy rating and a $15 price target.' Trent Ward, TRNR Co-Founder & CEO, commented that 'Maxim Group's coverage marks our entry into the formal sell-side research ecosystem and validates the increased investor interest we're seeing in TRNR. Analyst coverage is often the first step toward greater liquidity and more appropriate valuation for emerging public companies, and we're pleased to have a seasoned TMT analyst recognize the strength of our model.' Highlights from Maxim's initiation Buy rating; $15 target – implies ~130 % upside from the July 8th, 2025 closing price. Key drivers: Wattbike & Sportstech contributions, margin expansion as scale builds within a large and growing addressable market, and upside optionality from the AI-focused $FET Digital Asset Treasury Strategy. Catalysts: Sportstech closing, international expansion, new partnerships and corporate wellness offerings. Access to the report Maxim Group research is available only to the firm's clients. Interested investors should contact their Maxim Group sales representative directly or reach out to ir@ in order to be introduced in order to access the report. TRNR Investor Contact ir@ About Maxim Group Maxim Group LLC is a full-service investment bank and wealth-management firm headquartered in New York City, providing a range of financial services to emerging-growth companies and institutional investors. The firm is a member of FINRA, SIPC and Nasdaq. About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME 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 training. Forward Looking Statements: This press release includes certain statements that are 'forward-looking statements' for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as 'believe', 'project', 'expect', 'anticipate', 'estimate', 'intend', 'strategy', 'future', 'opportunity', 'plan', 'may', 'should', 'will', 'would', 'will be', 'will continue', 'will likely result' or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the comments made by the Maxim analyst, including, achieving a $15 share price, more than 800% growth in 2025 revenue, having potential crypto-treasury upside, completing the pending acquisition of Sportstech, achieving much larger scale for sales and adjusted-EBITDA earnings, achieving revenue of $105 million in 2026, as well as having increased investor interest, greater liquidity and more appropriate valuation in the future or the relative strength of the Company's business model, margin expansion and growing addressable market. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire
Forbes
09-07-2025
- Business
- Forbes
AI Agents Take Over The Gym With $500 Million In Crypto-Fueled Backing
Having an AI Agent Provide Personal Training A new AI-Agent powered fitness experience just launched—one that makes having a top-tier personal trainer as easy as pressing play. I've always dreamed of having a personal trainer. But let's be honest: between unpredictable schedules and the dollar-per-hour price tag (or lots more dollars if you're aiming for top-tier coaching), it's rarely practical. And when I do find an hour free, it always seems to be the same hour everyone else wants. That's why I'm paying attention to what Interactive Strength Inc. (Nasdaq: TRNR) and just launched—and why I think every business leader should too. In a move that blends AI, blockchain, and personalized wellness, TRNR—maker of the smart fitness brands CLMBR and FORME—is partnering with to power a new kind of AI-enhanced workout experience. a decentralized blockchain-backed AI platform. uses AI agents that can act on behalf of individuals, organizations, or devices to facilitate various tasks like trading, transactions, and communication within its ecosystem. According to CV VC, in 2025 alone, AI agent projects (the kind powering digital twins) have raised $1.39 billion—a 9.4% increase over 2024—while on‑chain activity related to these autonomous tools is up nearly 86%, with some 4.5 million daily wallets interacting with them At the core is something that sounds futuristic but is becoming real fast: autonomous AI agents and digital twins of elite trainers. This isn't just an upgrade to fitness tech. It's the emergence of what I call agentic experiences—where AI doesn't just automate, it adapts, coaches, and evolves with you. And in TRNR's case, it's all backed by a bold $500 million crypto treasury strategy that could set a new standard for digital transformation. Goodbye Static Videos, Hello AI Intelligent Workouts Fitness has always been deeply personal—but fitness content has rarely been able to keep up. Most workout apps today still rely on pre-recorded video sessions, generic training calendars, and minimal real-time interaction. It's personalization at the surface level. TRNR is flipping that model by deploying autonomous digital agents to create fully customized training flows on demand. Trent Ward, CEO of TRNR, shared with me the future, 'Every piece of equipment becomes intelligent with its own AI agent—capable of delivering a 45-minute session in the voice of your personal trainer, responding in real time to your performance, and adapting every rep to your goals. This is the future of fitness: always available, always evolving.' Trent Ward, CEO of TRNR Here's how it works: agents can generate dynamic video sessions, tailored to the user's preferences, real-time performance, and feedback from smart fitness equipment. They can speak in the voice of a recognizable trainer, structure the workout based on your past activity, and adapt on the fly—all without human involvement. According to the Global Smart Fitness Market size is expected to be worth around USD 8.0 Billion By 2033, from USD 2.1 Billion in 2023, growing at a CAGR of 18.4% during the forecast period from 2024 to 2033. It's not just convenience—it's scalability. The same AI agent that guides a beginner through a gentle stretch session can switch gears and push a pro athlete through a high-intensity interval round. It learns. It adjusts. It delivers. The Power of the AI Digital Twin One of the most exciting aspects of this collaboration is the digital twin technology. Imagine being trained by Harley Pasternak, the celebrity fitness coach to stars like Rihanna and Lady Gaga. Normally, you'd need to clear your schedule, fly to L.A., and write a very large check. Now, imagine capturing Harley's workout philosophy, voice, pacing, and motivation style—and replicating it through AI. That's what digital twins make possible. These virtual replicas allow elite trainers to scale their presence infinitely, turning a high-touch, high-cost service into an accessible digital experience for millions. A digital twin can mimic your golf swing or that so needed squat. Digital Twins driven by AI Agents can help you get that golf swing ready for the season For TRNR, this unlocks an entirely new revenue stream. For users, it means no more compromise between cost and quality. And for the fitness industry, it may represent a turning point in how services are delivered and consumed. Solving Real Problems with Agentic AI This partnership isn't just cool—it's solving real problems. The two biggest pain points in personal training today? It's expensive, and it's hard to schedule. AI agents change that. They don't sleep. They don't get booked up. And when designed right, they can be just as motivational and adaptive as their human counterparts. What we're seeing here is the rise of agentic AI workflows—a term that describes AI systems capable of taking initiative, making decisions, and driving outcomes independently. In the TRNR + model, AI agents take on everything from session planning and instruction to performance tracking and feedback analysis. For businesses watching this space, it's a real-world case study of how AI can do more than just automate tasks. It can drive entire customer experiences—personalized, scalable, and smart. AI Backed by Blockchain: The $FET Treasury Move Beyond the AI capabilities, there's a financial innovation embedded in this story that's just as important. TRNR has committed to building what it says will be the largest publicly listed U.S. crypto treasury focused on an AI token—specifically, $FET. The initial investment of $55 million (led by ATW Partners and DWF Labs) signals a strong belief in long-term potential, but it also suggests something bigger: a new model for how corporate treasuries may evolve in the age of decentralized finance. It's the combination of AI and Blockchain. As Humayun Sheikh, CEO of explained to me, 'AI is unlocking real-world utility for crypto, turning tokens into gateways for intelligent agents. When access to an undervalued asset also enables AI-powered automation, the value multiplies." Humayun Sheikh, CEO of Rather than parking reserves in traditional assets, TRNR is putting its capital behind the very digital infrastructure it relies on. It's an alignment of technology, finance, and product that few companies have pulled off—yet. This kind of treasury strategy could soon become a blueprint for other firms embracing AI and Web3 ecosystems. By holding and leveraging digital tokens tied to their core tech stack, companies gain both strategic and financial exposure to the ecosystems they help build. Why This AI Agent Matters for Business Leaders If you're a business leader wondering what all this means beyond fitness, here's the bottom line: What excites me most is how these trends intersect. We're no longer just talking about AI and blockchain as buzzwords. We're seeing their convergence in a way that brings real utility to consumers—and new business models to companies. Fitness might be the first mover here, but the ripple effects will reach far beyond the gym. Coaching, healthcare, education, entertainment—any industry that relies on human interaction could be transformed by agentic AI and digital twin infrastructure. And if and TRNR's vision is any indication, the transformation won't just be digital. It will be deeply personal—and infinitely scalable. Did you enjoy this story about AI Agents in fitness? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
Forbes
09-07-2025
- Business
- Forbes
AI Agents Take Over The Gym With $500M In Crypto-Fueled Backing
Having an AI Agent Provide Personal Training A new AI-Agent powered fitness experience just launched—one that makes having a top-tier personal trainer as easy as pressing play. I've always dreamed of having a personal trainer. But let's be honest: between unpredictable schedules and the dollar-per-hour price tag (or lots more dollars if you're aiming for top-tier coaching), it's rarely practical. And when I do find an hour free, it always seems to be the same hour everyone else wants. That's why I'm paying attention to what Interactive Strength Inc. (Nasdaq: TRNR) and just launched—and why I think every business leader should too. In a move that blends AI, blockchain, and personalized wellness, TRNR—maker of the smart fitness brands CLMBR and FORME—is partnering with to power a new kind of AI-enhanced workout experience. a decentralized blockchain-backed AI platform. uses AI agents that can act on behalf of individuals, organizations, or devices to facilitate various tasks like trading, transactions, and communication within its ecosystem. According to CV VC, in 2025 alone, AI agent projects (the kind powering digital twins) have raised $1.39 billion—a 9.4% increase over 2024—while on‑chain activity related to these autonomous tools is up nearly 86%, with some 4.5 million daily wallets interacting with them At the core is something that sounds futuristic but is becoming real fast: autonomous AI agents and digital twins of elite trainers. This isn't just an upgrade to fitness tech. It's the emergence of what I call agentic experiences—where AI doesn't just automate, it adapts, coaches, and evolves with you. And in TRNR's case, it's all backed by a bold $500 million crypto treasury strategy that could set a new standard for digital transformation. Goodbye Static Videos, Hello AI Intelligent Workouts Fitness has always been deeply personal—but fitness content has rarely been able to keep up. Most workout apps today still rely on pre-recorded video sessions, generic training calendars, and minimal real-time interaction. It's personalization at the surface level. TRNR is flipping that model by deploying autonomous digital agents to create fully customized training flows on demand. Trent Ward, CEO of TRNR, shared with me the future, 'Every piece of equipment becomes intelligent with its own AI agent—capable of delivering a 45-minute session in the voice of your personal trainer, responding in real time to your performance, and adapting every rep to your goals. This is the future of fitness: always available, always evolving.' Trent Ward, CEO of TRNR Here's how it works: agents can generate dynamic video sessions, tailored to the user's preferences, real-time performance, and feedback from smart fitness equipment. They can speak in the voice of a recognizable trainer, structure the workout based on your past activity, and adapt on the fly—all without human involvement. According to the Global Smart Fitness Market size is expected to be worth around USD 8.0 Billion By 2033, from USD 2.1 Billion in 2023, growing at a CAGR of 18.4% during the forecast period from 2024 to 2033. It's not just convenience—it's scalability. The same AI agent that guides a beginner through a gentle stretch session can switch gears and push a pro athlete through a high-intensity interval round. It learns. It adjusts. It delivers. The Power of the AI Digital Twin One of the most exciting aspects of this collaboration is the digital twin technology. Imagine being trained by Harley Pasternak, the celebrity fitness coach to stars like Rihanna and Lady Gaga. Normally, you'd need to clear your schedule, fly to L.A., and write a very large check. Now, imagine capturing Harley's workout philosophy, voice, pacing, and motivation style—and replicating it through AI. That's what digital twins make possible. These virtual replicas allow elite trainers to scale their presence infinitely, turning a high-touch, high-cost service into an accessible digital experience for millions. A digital twin can mimic your golf swing or that so needed squat. Digital Twins driven by AI Agents can help you get that golf swing ready for the season For TRNR, this unlocks an entirely new revenue stream. For users, it means no more compromise between cost and quality. And for the fitness industry, it may represent a turning point in how services are delivered and consumed. Solving Real Problems with Agentic AI This partnership isn't just cool—it's solving real problems. The two biggest pain points in personal training today? It's expensive, and it's hard to schedule. AI agents change that. They don't sleep. They don't get booked up. And when designed right, they can be just as motivational and adaptive as their human counterparts. What we're seeing here is the rise of agentic AI workflows—a term that describes AI systems capable of taking initiative, making decisions, and driving outcomes independently. In the TRNR + model, AI agents take on everything from session planning and instruction to performance tracking and feedback analysis. For businesses watching this space, it's a real-world case study of how AI can do more than just automate tasks. It can drive entire customer experiences—personalized, scalable, and smart. AI Backed by Blockchain: The $FET Treasury Move Beyond the AI capabilities, there's a financial innovation embedded in this story that's just as important. TRNR has committed to building what it says will be the largest publicly listed U.S. crypto treasury focused on an AI token—specifically, $FET. The initial investment of $55 million (led by ATW Partners and DWF Labs) signals a strong belief in long-term potential, but it also suggests something bigger: a new model for how corporate treasuries may evolve in the age of decentralized finance. It's the combination of AI and Blockchain. As Humayun Sheikh, CEO of explained to me, 'AI is unlocking real-world utility for crypto, turning tokens into gateways for intelligent agents. When access to an undervalued asset also enables AI-powered automation, the value multiplies." Humayun Sheikh, CEO of Rather than parking reserves in traditional assets, TRNR is putting its capital behind the very digital infrastructure it relies on. It's an alignment of technology, finance, and product that few companies have pulled off—yet. This kind of treasury strategy could soon become a blueprint for other firms embracing AI and Web3 ecosystems. By holding and leveraging digital tokens tied to their core tech stack, companies gain both strategic and financial exposure to the ecosystems they help build. Why This AI Agent Matters for Business Leaders If you're a business leader wondering what all this means beyond fitness, here's the bottom line: What excites me most is how these trends intersect. We're no longer just talking about AI and blockchain as buzzwords. We're seeing their convergence in a way that brings real utility to consumers—and new business models to companies. Fitness might be the first mover here, but the ripple effects will reach far beyond the gym. Coaching, healthcare, education, entertainment—any industry that relies on human interaction could be transformed by agentic AI and digital twin infrastructure. And if and TRNR's vision is any indication, the transformation won't just be digital. It will be deeply personal—and infinitely scalable. Did you enjoy this story about AI Agents in fitness? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
USA Today
01-07-2025
- Business
- USA Today
Interactive Strength Inc. (Nasdaq: TRNR) Completes Acquisition of Wattbike, Creating a Diversified Global Fitness Platform on Track for More than $75 Million in Pro Forma 2025 Revenue
Wattbike acquisition is the latest milestone in transformational strategy and the Sportstech acquisition is on track to close in the third quarter TRNR confirms guidance of more than $75 million in pro forma 2025 revenue and profitability in fourth quarter TRNR's $55 million Digital Asset Treasury is actively purchasing $FET cryptocurrency Interactive Strength Inc. (Nasdaq:TRNR) ('TRNR' or the 'Company'), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has completed its previously announced all-stock acquisition of Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes. The closing follows the approval on June 18, 2025 from the UK Financial Conduct Authority and the satisfaction of all material conditions of the binding transaction agreement signed in April 2025. Wattbike's operations will be consolidated into TRNR's results immediately and will be reported in TRNR's third quarter financials. 'Today's acquisition marks the latest milestone in the transformational strategy that we have outlined to investors and should provide increased confidence in our ability to execute against our plan,' said Trent Ward, Co-Founder & Chief Executive Officer of TRNR. 'Wattbike is now officially part of TRNR, and we look forward to being able to announce the completion of the Sportstech acquisition in the near-term. Mr. Ward continued: 'As a result of those transactions, we expect to generate more than $75 million of pro forma 2025 revenue and achieve profitability in the fourth quarter. When combined with the $55 million we raised a few weeks ago for our innovative Digital Asset Treasury strategy, and the fact that we are actively investing in AI-focused $FET, we believe that TRNR has significant, under-appreciated upside.' Mr. Ward concluded: 'Wattbike's operations, thousands of customer gyms and world-class brand give us meaningful assets and scale in the world's second-largest fitness market – the UK. Its differentiated range of products – for both elite and mainstream athletes – also create big potential opportunities in the US, EU and Asia.' Stephen Loftus, CEO of Wattbike, added: 'TRNR's unique portfolio of operating assets, combined with its Nasdaq listing, and increasing focus on using cost-effective technology is expected to unlock new levels of growth for Wattbike. We're thrilled to start building the next chapter together.' Recap – Transaction highlights: 100 % of Wattbike acquired in an all-stock deal, with up to 60 % of total consideration subject to performance-based hurdles in order to align business performance with shareholder returns. The consideration shares are locked up until at least June 2026, and no cash consideration was paid to previous Wattbike shareholders. Wattbike's projected performance is expected to be immediately accretive to TRNR's 2025 results, and combined with the pending Sportstech transaction, is expected to result in more than $75 million of pro forma 2025 revenue and profitability in Q4 2025. Creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR) and digital strength (FORME). In terms of next steps, TRNR anticipates continuing with integration planning and execution, including optimizing the global distribution networks and channels it already shares with Wattbike – e.g., with entities like Woodway – as well as its manufacturing and supply chain partnerships to drive rapid cost synergies and working-capital optimization. In addition, joint teams are already working on ways to leverage Wattbike's uniquely differentiated dataset on performance training, including with AI-focused training experiences developed with and powered by TRNR's recently announced up to $500 million $FET Digital Asset Treasury strategy. Finally, the Sportstech acquisition remains on track to close in the third quarter. TRNR Investor Contact ir@ About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME 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 training. Forward Looking Statements: This press release includes certain statements that are 'forward-looking statements' for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as 'believe', 'project', 'expect', 'anticipate', 'estimate', 'intend', 'strategy', 'future', 'opportunity', 'plan', 'may', 'should', 'will', 'would', 'will be', 'will continue', 'will likely result' or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced transactions in the third quarter or at all, the financial performance of those acquisitions and the resulting guidance of being accretive to earnings immediately or in the future, generating more than $75m of pro forma 2025 revenue, achieving profitability in the fourth quarter or there being significant upside in the Company's share, or how underappreciated it might be. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. # # # SOURCE: Interactive Strength Inc. View the original press release on ACCESS Newswire
