Reports Q1 revenue $1.4M. Trent Ward, CEO and Co-Founder of TRNR, said: “Our acquisition activity in the past few months and our improved shareholder’s equity are expected to result in a transformational year. While our Sportstech and Wattbike deals are not yet closed, and therefore not reflected in our reported financials yet, we are operating as one group and our pro forma Q1 shows more than $20M in revenues when including those acquisitions. As a result, we are increasing our 2025 pro forma revenue guidance to more than $75M and we expect that we will generate positive adjusted EBITDA in Q4 given that we would have been close to this milestone on a pro forma basis in Q1. We’re focused on closing the transactions in the near-term and integrating operations to drive increased growth and synergy.”
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