Fellow Shareholders –
December is shaping up to be a strong month for TRNR!
Last week, as you know, we signed an LOI to complete a potential acquisition of a profitable equipment business with more than $40M in revenue.
Today, we announced our largest international commitment for CLMBR to date – a 162-unit, multi-year deal with French training and equipment supplier Planet Fitness SAS.
This latest order is expected to generate a minimum of US $500,000 in revenue over the course of the agreement. This news is a terrific forward step for TRNR because:
- It advances our strategy of expanding internationally;
- It further validates our hard work earlier this year to secure appropriate EU compliance certifications to meet expected European-community demand for our products; and
- With this win, we now have significant initial demand for CLMBR products in the EU’s two largest fitness markets, Germany and France – given today’s news and the German order/distribution agreement with RSG announced in July, 2024; and
- It continues building baseline revenue into our CLMBR brand even as we expand the assortment of brands and equipment that we offer.
Planet Fitness SAS is an outstanding partner for us, and we’re very excited to work with them over the next few years.
- Founded by former Olympic wrestler Christophe Andansan in 1996, the business now serves over 1,000 different European clubs with both training services and a wide assortment of equipment.
The company’s reputation is such that it not only trains individual consumers looking for healthier lifestyles, it also trains the trainers, as well as elite athletes and groups such as firefighters and special forces.
Forward-Looking Statements:
This post 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 fulfilling the agreement and generated revenue from the commitment in the agreement. 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.