TRNR News & Events

The major averages were sharply higher near noon, signaling a positive end to an otherwise difficult month in which the S&P 500 and Nasdaq are on track for their weakest performance since 2022. Oil prices remain higher amid continued conflict in the Middle East, though The Wall Street Journal is reporting that President Trump has told aides he may be willing to end military activities even if the Strait of Hormuz stayed mostly closed. CBS News reported, however, that Trump said the U.S. is not pulling assets from the Strait just yet. Tensions remain amid Iran's reported strikes on a Kuwaiti oil tanker in Dubai waters.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaisin Marvellas part of a strategic partnership over silicon photonics technologyBiogenApellisfor $41 per share in cash at closing, or $5.6BEli LillyCentessafor $38 per share in cash plus one contingent value rightMcCormickwith Unilever'sFoods businessKKRand Taiyo2. WALL STREET CALLS:BernsteinWestern Digitalon attractive entry post selloff10x Genomicsto Outperform at William BlairPhreesiato Neutral or equivalent ratings at Baird, Truist, Citi and JPMorganTDColgate-Palmoliveon higher oil-based input costsWall Streetof MiniMedwith mostly Buy or equivalent ratings3. AROUND THE WEB:Swiss senior parliamentarians have told UBSexecutives they would create a compromise related to the new rules as Bern finalizes a decision on how much capital the bank should hold, FT saysJehoshaphat Research issued a cautious report on Techtronic, claiming "corporate abuses" at the companyIrenic Capital Management has built a position in Snapand is pushing for changes at the social media company to improve financial and operating performance, Bloomberg saysNetflixis considering expanding its current two-game package to four games, WSJ reportsAppeals court denies reviving criminal case against Boeing, Bloomberg says4. MOVERS:Agios Pharmaceuticalsincreases after announcing it will pursue U.S.WeRidegains after launching afare-charging operations in Dubai with UberAehr Testhigher after receiving afor wafer-level test and burn-in of silicon photonics integrated circuitsT1 Energylower afterand maintaining its guidance for FY26Constellation Energyfalls afterEPS estimates5. EARNINGS/GUIDANCE:Purple Innovationand provided guidance for Q1 and FY26FactSetand raised its guidance for FY26J.Jill, with EPS and revenue beating consensusTD Synnexwith CEO Patrick Zammit commenting, "We're pleased with how we've started fiscal 2026"Interactive Strengthfor FY26INDEXES:Near midday, the Dow was up 1.01%, or 458.32, to 45,674.46, the Nasdaq was up 1.86%, or 382.78, to 21,177.42, and the S&P 500 was up 1.38%, or 87.79, to 6,431.51.

TRNR confirmed its 2026 full year guidance of more than $30M in pro forma revenue, driven by the full-year consolidation of Wattbike and the addition of Ergatta, which closed March 11, 2026. Ergatta is expected to generate more than $10M in 2026 revenue at approximately a 30% EBITDA margin and monthly net revenue retention of more than 98%. The company's 2026 guidance does not assume any additional acquisitions, which would be expected to result in an increase in guidance. TRNR's $0.5M Stock Repurchase Program would represent approximately 19% of the 2.1M shares outstanding at the most recent closing price. TRNR CEO, Trent Ward, stated that: "While 2025's record results have started to show some of the progress we have made, the developments of the first few months of 2026 have accelerated the groundwork required for TRNR's transformation. Three weeks ago, we acquired Ergatta, which we expect will generate cashflow for the group with no dilution in 2026, and drive our 2026 revenue to more than $30 million on a pro forma basis. In early March, we received $6.4 million from Sportstech, which was a full recovery of our capital, plus a return beyond expenses that has led to TRNR's first stock repurchase program, representing 19% of the shares outstanding at the last closing price. And, our post-acquisition work on Wattbike is starting to bear fruit and we believe that transaction will be a home run, which we look forward to sharing more about later this year. Through a combination of Ergatta's strong profitability being added to the group, and the expected improvement in Wattbike's earnings from our initiatives, we expect to achieve run-rate profitability within the next twelve months at the group level. This stronger earnings profile is further supported by the successful recovery of the Sportstech loan, leading to a significantly stronger liquidity and runway profile than we ever have had. We believe this demonstrates the effectiveness of our acquisition-driven growth model and we are actively pursuing additional accretive transactions to accelerate that profitability milestone."

Interactive Strength Board of Directors has authorized a stock repurchase program of up to $500,000. The Company intends to repurchase shares of its common stock on the open market through HC Wainwright & Co., subject to market conditions, applicable securities laws, and the Company's policies governing insider transactions. Those policies include customary blackout periods that preclude the Company and Company insiders from purchasing shares during certain periods - including the several weeks preceding the announcement of earnings.

Interactive Strength sees FY26 pro forma revenue over $30M