Connect with us

Press Release

The Beachbody Company (NYSE: BODI) Reports Achieving Positive Turnaround In Revenue, EBITDA And Cash Flow In Q1 2024

Published

on

–News Direct–

By James Blacker, Benzinga

Subscription health and fitness firm The Beachbody Company, Inc (NYSE: BODI) saw a significant turnaround in its financial results for the first quarter ending March 31, reporting higher revenue and adjusted EBITDA compared to the previous quarter as well as the first positive free cash flow quarter since 2020.

Positive Financial Metrics

The company, which now goes by BODi, reported a total revenue of $120 million for the first quarter, exceeding the midpoint of guidance. While revenue was down around 17% from $144.9 million in the same period of 2023, the figure grew from $119 million in the previous quarter representing the first quarter-on-quarter revenue growth since 2021.

BODis increase in revenue compared to the previous quarter was driven by a more than 7% increase in revenue from its Nutrition & Other segment, while the Digital and Connected Fitness segments saw slight dips in revenue over the same period.

A key highlight for the quarter was the companys first positive free cash flow since 2020, which was $7.4 million, compared to negative $11.3 million in the first quarter of 2023. BODi said it generated $9.1 million from operating activities in Q1 2024, in stark contrast to a cash outflow of $7.9 million from operating activities in the same period of 2023. The company also saw an inflow of $3.9 million from investing activities, compared to an outflow of $3.4 million last year.

"Our net cash position increased from $3.9 million at December 31, 2023 to $14.4 million at March 31, 2024, representing approximately a $10 million improvement in our liquidity in one quarter, noted Marc Suidan, BODis Chief Financial Officer.

Other key financial metrics also showed positive improvements, with a substantial rise in adjusted EBITDA at $4.6 million, compared to a negative $0.9 million in the first quarter of last year. Moreover, the company narrowed its net loss to $14.2 million in the first quarter from $29.2 million in the year-ago period.

BODis financial improvement in Q1 2024 was bolstered by a reduction in total operating expenses, which fell to $92.1 million in the first quarter from $118.8 million a year earlier. This helped slash the operating loss by $16.6 million (over 60%!), from $27.4 million to $10.8 million.

Outlook For Q2

Looking ahead to the second quarter of 2024 ending June 30, BODi expects to see revenue fall within the range of $103 million to $113 million, with a net loss of between $14 million and $20 million. Adjusted EBITDA in Q2 is projected to be between negative $3 million and positive $3 million.

While BODi appears to remain cautious in its Q2 outlook, the positive Q1 results mark a potential turning point for the company. The revenue growth, positive free cash flow and improved adjusted EBITDA signify robust progress in its turnaround plan.

Things could be looking up for BODi, provided it can capitalize on the booming online/virtual fitness market, which is projected to grow at a CAGR of 32.7% through 2032, becoming a $250.7 billion market.

Key Financial Metrics For The Quarter Ended 31 March

The Beachbody Company (NYSE: BODI)

Peloton Interactive (NASDAQ: PTON)

GAIA Inc. (NASDAQ: GAIA)

WW International (NASDAQ: WW)?

Revenue

$

120 million

$

717.7 million

$

21.7 million

$

206.5 million

Market cap (as of 22 May)

$

58.135 million

$

1.235 billion

$

94.253 million

$

136.232 million

Subscriptions

1.37 million

6.6 million

839,000

4 million

Gross Profit

$

81.28 million

$

309.7 million

$

18.5 million

$

137.8 million

Adjusted EBITDA

$

4.6 million

$

5.8 million

$

8.8 million

Additionally, a comparison of the Market Cap to Last Twelve Months (LTM) Revenue ratio can be found below:

The Beachbody Company (NYSE: BODI)

Peloton Interactive (NASDAQ: PTON)

GAIA Inc. (NASDAQ: GAIA)

WW International (NASDAQ: WW)?

Market Capitalization

$

58.135 million

$

1,235 million

$

94.253 million

$

136.232 million

Revenue (LTM)

$

502 million

$

2,699 million

$

82 million

$

854 million

Revenue / Market Cap Ratio

0.12

0.46

1.15

0.16

Featured photo by StockSnap on Pixabay.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/the-beachbody-company-nyse-bodi-reports-achieving-positive-turnaround-in-revenue-ebitda-and-cash-flow-in-q1-2024-631979198

Benzinga

comtex tracking

COMTEX_453283437/2655/2024-06-03T08:47:10

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Scientologists Lead Human Rights Advocacy in Mental Health Through CCHR Exhibition in the Netherlands

Published

on

The Netherlands Committee for Human Rights Foundation (NCRM), in collaboration with the Citizens Commission on Human Rights (CCHR), successfully hosted the traveling exhibition at the Zuiderkerk in Amsterdam. This powerful event, held from February 15 to 17, shed light on historical and contemporary human rights violations within psychiatry. The exhibition, driven by the dedicated efforts of Scientologists and human rights activists, provided an eye-opening experience to hundreds of visitors.

Brussels, Brussels, Belgium, 20th Feb 2025 – The Netherlands Committee for Human Rights Foundation (NCRM), in collaboration with the Citizens Commission on Human Rights (CCHR), successfully hosted a traveling exhibition at the Zuiderkerk in Amsterdam. This impactful event, held from February 15 to 17, highlighted the importance of safeguarding human rights within the field of mental health. The exhibition, driven by the dedicated efforts of Scientologists and human rights advocates, provided an enlightening experience for hundreds of visitors, fostering dialogue on patient rights and ethical mental health practices.

Promoting Awareness and Transparency in Mental Health

The three-day exhibition took place in the heart of Amsterdam, ensuring maximum public engagement and accessibility. Its strategic placement reflected CCHR’s commitment to transparency, standing in contrast to a concurrent European Congress of Neurology and Neuropsychiatry, which was held in a more secluded industrial area outside the city.

The Zuiderkerk, a historic site with deep cultural significance, added a symbolic weight to the event. Volunteers ensured that CCHR’s message of human rights protection was visible throughout the exhibition, featuring an informative display, a welcoming balloon arch in CCHR’s colors, and educational materials distributed to attendees.

Encouraging Policy Change and Public Awareness

CCHR volunteers actively sought engagement with other associations, encouraging a broader discussion on patient rights and ethical mental health care. The event underscored the need for continuous reform and alignment with international human rights standards promoted by organizations such as the WHO and the UN.

Since its founding in 1969 by members of the Church of Scientology, inspired by the work of L. Ron Hubbard and psychiatrist Dr. Thomas Szasz, CCHR has played a leading role in advocating for human rights in mental health. Through public exhibitions, legal actions, and policy initiatives, CCHR continues to challenge any unethical practices, promote transparency, and support individuals affected by human rights violations.

The success of the Amsterdam exhibition is a testament to the unwavering commitment of Scientologists and CCHR activists in championing ethical mental health care. As the movement for patient rights progresses, CCHR remains a vital force in ensuring that mental health practices uphold human dignity, autonomy, and true informed consent.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.europeanaffairs.eu

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release Id: 20022524106

The post Scientologists Lead Human Rights Advocacy in Mental Health Through CCHR Exhibition in the Netherlands appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Global Publicist 24 Unveils Special Edition: Her Vision, Her Legacy: A Tribute to Women Business Leaders

Published

on

Delaware — Global Publicist 24 is proud to launch its latest special edition, “𝐇𝐞𝐫 𝐕𝐢𝐬𝐢𝐨𝐧, 𝐇𝐞𝐫 𝐋𝐞𝐠𝐚𝐜𝐲: 𝐀 𝐓𝐫𝐢𝐛𝐮𝐭𝐞 𝐭𝐨 𝐖𝐨𝐦𝐞𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐞𝐚𝐝𝐞𝐫𝐬.” This exclusive issue honors the remarkable women who are breaking barriers, driving innovation, and leaving a lasting legacy in their respective industries.

Women have been at the forefront of transformative leadership, shaping industries, empowering communities, and redefining success. This edition is a testament to their resilience, vision, and unwavering commitment to progress.

The cover story of this edition features 𝐃𝐫. 𝐒𝐡𝐢𝐥𝐩𝐢 𝐌𝐨𝐡𝐚𝐧, Owner of Ashvattha Cardiac Care, a trailblazer in the field of cardiac care. Through her expertise, innovation, and compassionate approach, Dr. Mohan is revolutionizing healthcare, setting new standards of excellence, and inspiring future leaders.

The issue also highlights the powerful journeys of women making a significant impact across industries:

Sherryann Bourne, a Mortgage & Financial Empowerment Advocate, is dedicated to bridging financial gaps and creating sustainable opportunities for individuals and families.

Madeline Mordarski, Chief Marketing Officer of The Keyes Company, is redefining real estate marketing with strategic leadership and innovation.

Paula Cardoso, Founder of Afrolink, is fostering inclusivity and empowering communities through her groundbreaking initiatives.

In addition to these inspiring profiles, the edition features a thought-provoking article, “Leadership with Impact: The Women Transforming Industries.” The piece delves into the evolving landscape of women’s leadership, showcasing how these trailblazers are driving change, breaking stereotypes, and shaping the future of business.

“Her Vision, Her Legacy: A Tribute to Women Business Leaders” is now available online, inviting readers to engage with powerful narratives that reflect the strength, perseverance, and brilliance of women in leadership.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐞𝐧𝐭𝐢𝐫𝐞 𝐜𝐨𝐯𝐞𝐫 𝐬𝐭𝐨𝐫𝐲 𝐚𝐫𝐭𝐢𝐜𝐥𝐞:  https://globalpublicist24.com/dr-shilpi-mohan-a-compassionate-healer-and-an-advocate-of-holistic-healthcare/

Digital Edition: https://globalpublicist24.com/digital/2025/her-vision-her-legacy-a-tribute-to-women-business-leaders/

𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲:

“Her Vision, Her Legacy: A Tribute to Women Business Leaders” is now available on the Global Publicist 24 website. To get your digital copy or learn more about the featured leaders, visit: https://globalpublicist24.com/magazines

About Global Publicist 24:

Global Publicist 24, a leading business magazine, is your trusted source for in-depth business news and insights across industries worldwide. With each issue, we strive to deliver valuable perspectives on emerging trends, featuring thought leadership from industry experts who share their strategies for success.

Our digital publications highlight the ambitions, opinions, and ideas of influential figures in business, offering a resource for readers to discover the vast opportunities for growth in today’s markets.

Global Publicist 24
Delaware, USA
Email: info@globalpublicist24.com
Call on: (+1) 302-499-2027

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Twings Supply Enhances Logistics with Seamless Door-to-Door Shipping Solutions

Published

on

United States, 18th Feb 2025, Twings Supply has announced a logistics expansion aimed at improving material transportation for construction projects. The new door-to-door service is structured to provide efficient and dependable shipping for both residential and commercial clients, addressing common industry challenges related to supply chain coordination and site accessibility.

Twings Supply Enhances Logistics with Seamless Door-to-Door Shipping Solutions

The initiative integrates enhanced routing strategies and optimized scheduling to minimize delays in material delivery. With construction projects often dependent on timely shipments, the service is designed to support workflow efficiency while reducing logistical bottlenecks. The approach also includes measures to reduce potential risks associated with transportation delays, material shortages, and project disruptions, providing a more stable supply chain for the construction sector.

“Timely delivery of building materials is critical to the success of any construction project. The new logistics enhancements address inefficiencies in the supply chain, allowing clients to manage projects with fewer disruptions,” said Daniel Chun, Operations Director at Twings Supply. “This initiative ensures materials reach job sites with improved reliability, directly supporting construction timelines.”

Twings Supply Enhances Logistics with Seamless Door-to-Door Shipping Solutions

The development includes real-time shipment tracking, flexible scheduling, and handling options for a variety of materials. These measures aim to increase transparency and adaptability, responding to the evolving needs of contractors, builders, and developers. Additionally, the system is structured to accommodate diverse site conditions, enabling efficient distribution regardless of project scale. By introducing more precise tracking and reporting mechanisms, project managers can monitor shipments in real time, adjust schedules as required, and ensure that materials arrive in optimal condition.

As part of this enhancement, Twings Supply has also focused on strengthening its partnerships with transportation providers, ensuring consistent and high-quality delivery services. Coordination between suppliers and logistics teams has been optimized to avoid common inefficiencies, such as material misplacement and scheduling conflicts. The logistics expansion represents an industry-wide push for greater operational excellence, reinforcing the importance of streamlined delivery processes in construction.

Twings Supply Enhances Logistics with Seamless Door-to-Door Shipping Solutions

By focusing on logistical improvements, Twings Supply aligns with industry demands for streamlined operations. The company’s approach emphasizes coordination between suppliers, transportation providers, and end users to enhance overall efficiency. A dedicated support team has also been implemented to assist with any potential issues, providing quick resolutions and maintaining supply chain fluidity.

Future plans include expanding delivery capabilities to additional regions and integrating further technological solutions to improve logistics management. The company is exploring the use of artificial intelligence and automation to further enhance delivery accuracy and efficiency, reducing reliance on manual tracking systems and improving response times to unexpected changes in scheduling.

“The construction industry continues to evolve, and supply chain efficiency remains a priority,” Chun added. “The ongoing focus is on refining logistics infrastructure and implementing new solutions that support reliability and operational effectiveness. Investments in advanced logistics technologies will further strengthen our ability to meet client demands and contribute to the efficiency of the construction sector as a whole.”

For additional information on Twings Supply’s door-to-door service, the company can be found at 1661 N. Raymond Ave., Suite 140F, Anaheim, CA 92801. Inquiries can be directed via phone at +1 213 477 0567 or email at admin@twingsupply.com.

Media Contact

Organization: Twings Supply

Contact
Person:
Daniel Chun

Website:

https://www.twingsupply.com/

Email:

admin@twingsupply.com

Contact Number: 12134770567

Address:1661 N.Raymond Ave

Address 2: Suite 140F, Anaheim, CA 92801

Country:United States

The post Twings Supply Enhances Logistics with Seamless Door-to-Door Shipping Solutions appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST