F45 Training sees FY22 revenue $120M-$130M, consensus $130.48M

The Company is reaffirming the following financial guidance for the year ending December 31, 2022 as described in the strategic outlook announcement on July 26, 2022. The guidance assumes that the $250 million of growth capital provided by two previously announced franchise financing facilities, which F45 had arranged for franchisees to open additional studios, will not be available despite strong demand from franchisees. Full-year net New Franchises Sold between 350 and 450. Full-year net Initial Studio Openings between 350 and 450. Full-year revenue between $120 million and $130 million. Full-year Adjusted EBITDA between $25 million and $30 million.