Nautilus, Inc. Announces Preliminary First Quarter 2020 Sales Results
First Quarter 2020 Sales Increase by Approximately 11%, Driven by Strength of Bowflex and Schwinn Brands
Retail Segment Delivers Strong Sales Growth and Direct Segment Breaks Negative Streak
Company Raises First Quarter 2020 Guidance
VANCOUVER, Wash.–(BUSINESS WIRE)–Apr. 8, 2020– Nautilus, Inc. (NYSE: NLS) today reported preliminary first quarter 2020 sales results and offered a brief business update given the unprecedented environment related to the coronavirus disease 2019 (“COVID-19”).
First Quarter 2020 Preliminary Net Sales Results
Preliminary net sales for the first quarter of 2020 were approximately $94 million, up 11% versus the same quarter in 2019, the first time quarterly sales have grown year-over-year since Q3, 2018. This increase was driven by the power of the Bowflex and Schwinn brands, recent strategic and operational changes, disciplined execution, and a near-term trend toward home fitness.
Segment Sales
Direct Segment
· Preliminary Q1, 2020 net sales were approximately $47 million, up 1% compared to Q1 2019. This is the first quarter of year-over-year sales growth for the Direct segment since Q4, 2017. Top-selling direct-to-consumer items like the Bowflex® SelectTech® dumbbells and kettlebells and the Bowflex® C6 and Schwinn® IC4 bikes more than offset lower Max Trainer® sales. Both the Bowflex C6 and Schwinn IC4 connected-fitness bikes have been popular with consumers since they were first introduced in October 2019.
Retail Segment
· Preliminary Q1, 2020 net sales were approximately $46 million, up 24% compared to Q1 2019. Strong sales of Bowflex and Schwinn home fitness products more than offset weaker performance in the Octane Fitness commercial line. Like the Direct segment, the Retail segment was boosted by strong demand for Bowflex SelectTech 552 adjustable weights and Schwinn IC4 connected-fitness bikes. Although numerous retailers have temporarily closed store locations due to COVID-19, Bowflex and Schwinn experienced strong year-over-year sales increases through retail partners’ ecommerce and curbside pick-up platforms.
In addition to meeting strong customer demand, Nautilus is focused on the health and welfare of its employees. Before government orders were in place in the jurisdictions where Nautilus conducts business, the Company implemented its work from home policies for most employees world-wide, while continuing to provide leading customer care for Direct and Retail customers. The Company’s distribution centers remain open for both receiving and shipping with strict guidelines on social distancing and worker health and safety protocols.
Manufacturing and Supply Chain
A significant volume of Nautilus products is manufactured in China and most workers in the factories the Company utilizes have returned to work. Further, ground transportation to the ports, and shipping capabilities from China are improving daily. Management is working closely with partners across its entire supply chain to improve production and delivery timelines and has expedited deliveries to the U.S. and Europe to meet increased customer demand.
Management Comments
Jim Barr, Chief Executive Officer of Nautilus Inc., noted, “The power of our trusted brands, quality products, and strong execution in sales, marketing, and supply chain fueled significant growth and strong results in Q1. COVID-19 has created a heightened need for home-fitness products and our company was able to meet customer demand well, through both the Direct and Retail segments. We reversed five quarters of year-over-year sales declines and delivered sales growth of 11% in Q1, 2020 as customers gravitated to key products like the Bowflex SelectTech dumbbells, Bowflex C6 bike, and the Schwinn IC4 bike. Demand for many of our home-fitness products continues to outpace supply and we are pulling all levers to accelerate the manufacturing and delivery of key products. Our better than expected EBITDA is the result, in part, of the strategic and operational improvements we’ve made recently, combined with a dedicated and engaged employee base focused on consistent execution.
While these short-term results have exceeded expectations, it is prudent to realize the coming quarters may present added challenges for all businesses as we better understand the longer-term impacts of COVID-19. Short-term, it may remain a significant challenge to fully match the unplanned surge in demand with supply. Looking to the long term, like many companies, we will be evaluating the potential impact and duration of the pandemic on the overall macro-economic environment.”
Mr. Barr continued, “Our management team is very proud of our employees and how they faced this current adversity. We rapidly and profoundly changed our historical working model, well ahead of government mandates, and have created new solutions to ensure we are meeting our customers’ enhanced needs. Our supply chain and front-line customer care teams have been handling holiday-level volumes with very little time to prepare. I want to thank our employees and partners for their amazing efforts and for coming together as a team for our customers. We believe this challenge has brought out the best in our company, further demonstrating our resolve, resilience, and agility, qualities that make us stronger, and will serve us well in our efforts to return to long-term profitable growth.”
Raising First Quarter 2020 Guidance
The Company now expects EBITDA from continuing operations to be in the range of $0.0 million to positive $1.5 million. This information is preliminary and based upon information available as of the date of this release. While preliminary Q1 results have exceeded expectations, it is prudent to realize the coming quarters may present added challenges for Nautilus and other businesses as the longer-term impacts of COVID-19 are highly uncertain and cannot be predicted with confidence.
The Company does not plan to release preliminary financial information on an ongoing basis.
Liquidity
As of March 31, 2020, the Company had cash and cash equivalents of $26.5 million and debt of $28.0 million, compared to cash and cash equivalents of $11.1 million and debt of $14.1 million as of December 31, 2019. The Company had $19.3 million available for borrowing on its line of credit as of March 31, 2020.
The amounts and financial results described in this press release reflect the Company’s estimates based solely upon information available to it as of the date of this press release, which are not a comprehensive statement of its financial results or position as of March 31, 2020, and have not been reviewed or compiled by the Company’s independent registered public accounting firm. The actual amounts that the Company reports will be subject to its financial closing procedures and any final adjustments that may be made prior to the time its financial results for the period ended March 31, 2020 are finalized.
First Quarter Earnings Results Conference Call
Nautilus will host a conference call at 4:30 p.m. ET (1:30 p.m. PT) on Tuesday, May 5, 2020 to discuss the Company’s operating results for the first quarter ended March 31, 2020. The call will be broadcast live via the Internet hosted at http://www.nautilusinc.com/events and will be archived online within one hour after completion of the call. In addition, listeners may call (877) 425-9470 in North America and international listeners may call (201) 389-0878. Participants from the Company will include Jim Barr, Chief Executive Officer, Aina Konold, Chief Financial Officer, and Bill McMahon, Special Assistant to the CEO.
A telephonic playback will be available from 7:30 p.m. ET, May 5, 2020 through 11:59 p.m. ET, May 19, 2020. Participants can dial (844) 512-2921 in North America and international participants can dial (412) 317-6671 to hear the playback. The passcode for the playback is 13701186.
Non-GAAP Presentation
In addition to disclosing its financial results determined in accordance with GAAP, Nautilus has presented in this release certain non-GAAP financial measures, which exclude the impact of certain items (as further described below) and provide supplemental information regarding operating performance. Nautilus presents non-GAAP financial measures as a complement to results provided in accordance with GAAP, and the non-GAAP financial measures should not be regarded as a substitute for GAAP. By disclosing these non-GAAP financial measures, management intends to provide investors with a supplemental comparison of operating results and trends for the periods presented. Management believes these measures are also useful to investors as such measures allow investors to evaluate performance using the same metrics that management uses to evaluate past performance and prospects for future performance. Nautilus strongly encourages you to review all its financial statements and publicly filed reports in their entirety and to not rely on any single financial measure.
We have not reconciled guidance for non-GAAP financial measures to our most directly comparable GAAP measures because certain items that impact these measures are uncertain, out of our control and/or cannot be reasonably predicted or estimated at this time, such as net/income tax or benefit from continuing operations. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measures is not available without unreasonable effort.
EBITDA from Continuing Operations
Nautilus defines EBITDA from continuing operations as its income from continuing operations, adjusted to exclude interest expense (income), income tax expense (benefit) of continuing operations, and depreciation and amortization expense. Nautilus uses EBITDA from continuing operations in evaluating its operating results and for financial and operational decision-making purposes such as budgeting and establishing operational goals. Nautilus believes that EBITDA from continuing operations helps identify underlying trends in its business that could otherwise be masked by the effect of the items that are excluded from EBITDA from continuing operations and enhances the overall understanding of the Company’s past performance and future prospects. Management believes that EBITDA is frequently used by investors, securities analysts and other interested parties in their evaluation of companies, many of which present EBITDA when reporting their results. Other companies may calculate EBITDA differently, and it may not be comparable.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex®, Nautilus®, Octane Fitness® and Schwinn®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
Forward-Looking Statements
This press release includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: estimated, projected or forecasted financial and operating results for the first quarter of 2020, the expected impact of the COVID-19 pandemic on our operations and results; anticipated demand for the Company’s new and existing products; and statements regarding the Company’s prospects, resources or capabilities; planned investments, strategic initiatives and the anticipated or targeted results of such initiatives. Factors that could cause Nautilus, Inc.’s actual results to differ materially from these forward-looking statements include: weaker than expected demand for new or existing products; our ability to timely acquire inventory that meets our quality control standards from sole source foreign manufacturers at acceptable costs; an inability to pass along or otherwise mitigate the impact of raw material price increases and other cost pressures, including unfavorable currency exchange rates; experiencing delays and/or greater than anticipated costs in connection with launch of new products, entry into new markets, or strategic initiatives; our ability to hire and retain key management personnel; changes in consumer fitness trends; changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decline in consumer spending due to unfavorable economic conditions; and softness in the retail marketplace. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission, including the “Risk Factors” set forth in our Annual Report on Form 10-K, as supplemented by our quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200408005709/en/
Investor Relations:
John Mills
ICR, LLC
646-277-1254
[email protected]
Media:
John Fread
Nautilus, Inc.
360-859-5815
[email protected]
Carey Kerns
The Hoffman Agency
503-754-7975
[email protected]
Source: Nautilus, Inc.
Phoenix/AZ, March 17, 2020
Joe Keenan, who has served in various senior management positions since joining HEAD 9 years ago, has been promoted to VP of Sales, USA. In Keenan’s new role he will continue to manage our pro specialty sales efforts, tech rep program, as well as our key account strategy. In addition he will expand his role with a number of our key industry partners. “Joe is the consummate professional and has had success in every position he has held at HEAD. I have no doubt this will continue in his new and expanded role. He is widely respected within our industry and he is well equipped to lead our sales team forward,” said Kevin Kempin CEO & President, North America.
Additionally, Jeff Bardsley, a 27 year veteran of HEAD will be promoted to VP of Marketing, North America. Bardsley has held a variety of positions within HEAD Canada and was awarded the prestigious “HEAD Country of the Year” award leading the HEAD and Penn brands to #1 in Canada. “Jeff’s in depth knowledge of the North American market, his track record of success, and his innovative thinking will serve us well in this new role,” said Kempin.
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ABOUT HEAD
HEAD UK Ltd. is a leading global manufacturer and marketer of premium sports equipment and apparel.
Our business is organized into five divisions: Winter Sports, Racquet Sports, Diving, Sportswear and Licensing. We sell products under the HEAD (alpine skis, ski bindings, ski boots, snowboard and protection products, tennis, racquetball, paddle, squash and pickleball racquets/paddles, tennis balls and tennis footwear, sportswear and swimming products), Penn (tennis balls and racquetball balls), Tyrolia (ski bindings) and Mares, SSI and rEvo
(diving) brands.
The Company´s key products have attained leading market positions based on sales and reputation and have gained high visibility through their use by many of today´s top athletes.
MEDIA CONTACT:
Allison Barnett – Brand Manager
602-447-2324, [email protected]
Jamie Cox brings successful track record to Panama City Beach
PANAMA CITY BEACH, FL (February 25, 2020) – The premier sports tourism complex, Panama City Beach Sports Complex, spearheaded by Visit Panama City Beach and managed by Sports Facilities Management (SFM), has hired Jamie Cox as General Manager. Cox is an experienced sports tourism industry leader, coming from the high-performing and award-winning Hoover Metropolitan Complex.
SFM and Visit Panama City Beach engaged in a comprehensive and nation-wide hiring process. In addition to the external talent search and as an SFM Network facility, Panama City Beach Sports Complex has access to a database of more than 500 talented team members to recruit for open positions.
Cox shared his enthusiasm for the new role stating: “I am thrilled to join the talented team at Visit Panama City Beach and the Sports Complex. I appreciate the opportunity and look forward to building on the incredible momentum generated by the complex in pre-opening and in this first year of operation. I am honored to work within the SFM Network and I look forward to building on the success and adding new events to the ‘World’s Best Beaches’.”
Cox joins the Panama City Beach team with 15 years of experience in the sports industry. Cox spent the last three years in Hoover, Alabama opening and making the Hoover Metropolitan Complex one of the highest performing sports venues in the country. Cox was instrumental in leading the business development efforts culminating in $50 million dollars in visitor spending to the region in 2019. He has also served as a Sports and Wellness Director for both the Atlanta and Birmingham YMCA associations.
President and CEO of Visit Panama City Beach, Dan Rowe commented, “Jamie is an excellent addition to the team at the Sports Complex. We were impressed with his knowledge of the industry and successful booking statistics exhibited at Hoover Metropolitan Complex. We are confident in his ability to bring the same success to our complex and the Panama City Beach community at large.”
“Jamie is a winner, and it is a priviledge to see hard working team members rewarded.” added Jason Clement, CEO and Founder of SFM. “Jamie has been a tremendous asset to the Hoover team, serving high profile events like the SEC Baseball Tournament, Perfect Game, and numerous long field football, soccer, and lacrosse events to that community. His relationship building, work ethic, and accountability provide an example for all of us in the SFM Network. He will serve Panama City Beach well.”
If you would like more information about the Panama City Beach Sports Complex, or for inquiries on booking your tournament or event at the facility, please contact Jamie Cox at [email protected].
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About Sports Facilities Advisory and Management: Sports Facilities Advisory, LLC (SFA) and Sports Facilities Management, LLC (SFM) are both headquartered in Clearwater, FL. Founded in 2003, SFA has served more than 2,000 communities, produced more than $10 billion in institutional-grade financial forecasts, and provided funding strategies and solutions for more than 70+ youth and amateur sports and recreation complexes worldwide. SFM provides industry-leading, results-driven management solutions for sports, fitness, recreation, and event venues nationwide. SFM-affiliated venues have hosted more than 100 million visitors and generated hundreds of millions of dollars in economic impact. For more information, visit: sportadvisory.com and sfmnetwork.com.
Contact: Vice President, Ashley Whittaker
Company: Sports Facilities Management
Email: [email protected]
New ownership group for national baseball destination partners with SFM as outsourced management solution
(Branson, MO) February 25, 2020 – Thousands of baseball players and their families will flock to Branson, MO in 2020 to play baseball at the Ballparks of America sports complex. The landmark attraction, which opened in 2016, has recently been acquired by a group of four Springfield, MO businessmen. The group, comprised of Greg Snider, Paul Satterwhite, Dale Helle, and Steve Strobel, has elected to outsource the management of the facility including booking, marketing, and daily operations to the Sports Facilities Management (SFM), a nationally recognized provider of management services for youth sports, community recreation, events, and entertainment.
Satterwhite, one of the new partners and Springfield attorney says the team has plans for building upon the outstanding brand and reputation of the facility and enhancing the physical property. “We’re excited to usher in the next generation of players to Ballparks with enhanced guest experiences, upgraded facilities, and high quality tournaments,” said Satterwhite. “We believe SFM is the right partner to help us achieve our dual goals of a great baseball and family vacation experience while making a significant impact on the community.”
The Ballparks of America complex is best known for featuring two-thirds replicas of 5 classic ballparks including Chicago’s Wrigley Field, Boston’s Fenway Park, St. Louis’ Busch Stadium, Detroit’s Tiger Stadium, and Brooklyn’s Ebbets Field. Since opening, the facility has produced substantial economic impact to Branson through their week-long summer baseball tournaments and a variety of hosted events including the Cal Ripken/Babe Ruth Major 70 World Series.
“Ballparks of America is a well known destination in the industry providing a unique service highlighted by the dorm experience for teams and coaches,” says SFM CEO and Founder, Jason Clement. “By layering in SFM’s systems and our dedicated team, we are positioned to make 2020 their best year yet. Our values align perfectly with the Owners, and we are thrilled to partner in bringing their vision to life by maximizing the performance and guest experience of the facility.”
As an SFM-managed property, Ballparks of America joins the SFM Network, the industry’s largest and fastest growing network of sports tourism properties in the U.S. The SFM Network hosts more than 25 million guests visits each year across associated venues and is forecast to produce more than $1 billion in economic impact in the next five years.
“We wanted to surround ourselves with the best team possible,” says Ballparks of America co-owner Greg Snider. “We are not only passionate about putting on the nation’s best baseball tournaments, but the power of sport to positively impact kids’ lives. SFM shares those values and is going to help us take the facility and operation to the next level.”
For more information about the weeklong Ballpark of America experience, to review availability, or register for a tournament; visit https://www.ballparksofamerica.com.
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Located in Branson, Missouri, Ballparks of America is an international baseball tournament destination. Our signature features are our on campus stay and play suites and our two-thirds scale replicas of 5 classic American ballparks, complete with the dimensions and elements that make each of these iconic stadiums unique. The latest technology in synthetic turf provides the most consistent playing surface throughout the summer season, complete with covered dugouts, bullpen areas, Musco lighting and stadium-style seating at various fields for an MLB experience. Learn more or register for your next tournament: www.ballparksofamerica.com
FEBRUARY 20, 2020
Nautilus, Inc. (NYSE: NLS), the innovation leader in home fitness for over 40 years, announced that Octane Fitness recently completed its first hotel installation of the top-of-the-line Max Trainer® machine, the MT8000, with the new LG TV screen, at the redesigned Anaheim Marriott near the Disneyland® Resort in Anaheim, California. The hotel’s 2,000-square-foot fitness center, which was recently upgraded, now includes one MT8000 and two XT-4700 ellipticals from Octane Fitness, among other cardio and strength training machines.
Based on the success of Octane’s first commercial Max Trainer model, the MT8000 was specifically chosen for the Anaheim Marriott given its small footprint, unique biomechanics and wide variety of HIIT workouts.
The MT8000 is intuitive to use, with a broad range of resistance to accommodate steady-state routines and HIIT sessions. The Floors program builds endurance as users virtually climb the Empire State Building, once or multiple times, from 100 to 1000 floors. The Max 14 Interval workout is a 14-minute session that maximizes efficiency and effectiveness. Other HIIT regimens include the unique 30:30 Interval and MMA regimens.
Seamlessly integrating with Octane’s smart console, the new LG TV offers dynamic workout feedback, internet access and a multitude of TV and entertainment selections. The premium 15.6-inch touch screen features superior image quality, easy access to control buttons and broad tuner capabilities.
Priced beginning at $6,698, the MT8000 is available from Octane’s direct sales team and authorized specialty fitness dealers.
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For more information, contact the company at 888-OCTANE4 (888-628-2634) or www.octanefitness.com.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology-driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex®, Nautilus®, Octane Fitness®, and Schwinn®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
BALTIMORE, Feb. 5, 2020 – Today, Under Armour announced that Colin Browne has been appointed Chief Operating Officer (COO) and Paul Fipps has been named Chief Experience Officer (CXO), a newly created position. Effective February 17th, both positions will report directly to Under Armour’s President & CEO Patrik Frisk.
“Both Colin and Paul are proven leaders who have played significant roles in Under Armour’s ongoing strategic and operational transformation. As we continue work to instill greater efficiency and discipline across the brand to enable deeper connections with consumers, these leadership appointments further advance our ability to evolve as the Human Performance Company and successfully execute against our long-term strategies.” said Frisk.
Colin Browne – Chief Operating Officer (COO)
As COO, Browne has responsibility for the company’s supply chain and sourcing operations, demand planning, distribution, information technology, business process management, corporate real estate, asset protection and sustainability. Browne previously served as the company’s Chief Supply Chain Officer from 2017 to 2020 with responsibility for all global operations related to product sourcing and logistics after joining in 2016 as President of Global Sourcing. Prior to that, he was Vice President and Managing Director of Supply Chain at VF Corporation where he led all aspects of the company’s sourcing and product supply organization in Asia and Africa. Before VF Corporation, Browne was the Executive Vice President of Footwear and Accessories at Li & Fung, CEO of Pentland Brands in Asia, and held senior leadership positions at Reebok and Bally.
Paul Fipps – Chief Experience Officer (CXO)
As CXO, Fipps is responsible for the company’s overall consumer experience and digital strategy including its global retail and e-commerce business, Connected Fitness platform, software engineering, customer relationship management, human performance and data science functions. Previously, he served as Chief Digital Officer from 2018 through 2020 with responsibility for global e-commerce, digital products, software engineering, large-scale technology investments and Under Armour’s Connected Fitness business, and as Chief Technology Officer from 2017 through 2018, with responsibility for overseeing all aspects of the company’s web and mobile applications, engineering and information technology. Prior to this role, he served as the company’s Chief Information Officer and Executive Vice President of Global Operations after joining Under Armour in 2014 as Senior Vice President of Global Operations. Before Under Armour, Paul held several leadership roles at Breakthru Beverage Group including Chief Information Officer and Corporate Vice President of Business Services. He holds a B.S. and MBA from the University of Baltimore, is a graduate of The Wharton School’s Advance Management Program, and is a U.S. Army veteran.
About Under Armour, Inc.
Under Armour, Inc., headquartered in Baltimore, Maryland, is a leading inventor, marketer and distributor of branded athletic performance apparel, footwear and accessories. Powered by one of the world’s largest digitally connected fitness and wellness communities, Under Armour’s innovative products and experiences are designed to help advance human performance, making all athletes better. For further information, please visit https://about.underarmour.com.
Position underpins global dynamic expansion of Troy product and partners
HOUSTON – January, 2020 – Troy Barbell and Fitness, the industry leader in quality and innovation, today announced the latest addition to their management team. New VP of Sales and Marketing, Robert Quast, brings with him nearly 30 years’ experience in the fitness industry across world-renowned brands.
With a reputation for industry-leading material quality, design and durability, Troy is committed to investing in new product innovation, research and development in order to continue to evolve and grow opportunities for customers, partners and the wider industry.
The appointment of Quast consolidates this strategy by bringing some serious worldwide fitness industry credentials to support channel growth and diversification as well as to create added value and customer solutions.
Mr. Louis Lien, President and Owner of Troy, comments, “We take pride in hiring the best and brightest employees. We respect and value each individual and how they play on the team as a whole. Robert’s approach to business is a perfect fit for us and he brings with him such a wealth of industry knowledge and expertise.”
Quast’s experience across key areas such as sales, product development, marketing, business development and education make him a key hire for Troy as they look to expand globally whilst staying true to their roots of quality, customer service and committed relationships.
Robert says, “I’m excited for the new challenge presented at Troy. They’re a business with great heritage and respected product. There’s a huge opportunity to connect with customers and partners in a new way and tell their story. I’m looking forward to meeting the extended Troy ‘family’ and to growing new partners and connections overseas.”
About Troy Barbell & Fitness
Founded in 1987, Troy has steadily grown to become one of the premier free-weight and accessory manufacturers in the fitness industry. Comprising of three brands – Troy (premium, quality, customisable free weights), VTX (speciality & functional fitness) and USA (best in class home fitness products), the Troy lines all set high standards. Headquartered in Houston, Texas, and supplemented with distribution warehouses in New Jersey and California, Troy Barbell & Fitness prides themselves on being uniquely positioned to be the one-stop free weight and accessory provider of choice.
713-957-2882
10600 Shadow Wood Dr #301, Houston, Texas 77043, USA
The Most Intelligent Helmet In the Game – Designed for NFL, Collegiate, and Varsity Athletes
January 21, 2020 (DETROIT) — Today, Xenith introduced the new Xenith Shadow XR helmet designed with NFL, collegiate, and high school varsity football athletes in mind. Redefining energy control, Xenith Shadow XR is the most intelligent, balanced, and comfortable football helmet in the game. Utilizing all new shocks featuring RHEON™ energy control cells, Xenith Shadow XR takes Xenith’s core technology and elevates its capabilities to the next level. Learn more about Xenith Shadow XR, designed for the brightest lights and the biggest plays, HERE.
“The innovation in Xenith Shadow XR is our single greatest leap forward since the development of our adaptive fit technology,” said Grant C. Goulet, PhD, Xenith Vice President of Product Innovation. “Through the collaboration with RHEON Labs and implementation of their patented material science, we were able to design and engineer an entirely new helmet solution. The Xenith Shadow XR system optimally controls energy from the handful of severe impacts an athlete might experience in a career, to the hundreds, potentially thousands, of lower-level hits they’ll experience in a season. We worked hard to get this superior energy control in a low-profile and balanced helmet, allowing athletes to perform at their best on the field.”
Xenith Shadow XR’s low profile and balanced feel give athletes maximum on-field performance allowing for controlled movement and greater agility. The thoughtful distribution of RHEON™ shocks, together with integrated RHEON™ jaw shocks allow for a uniform, even fit and optimal comfort. Xenith Shadow XR’s proprietary polymer shell, which is 10% lighter than traditional shell materials, also allows for large vents at the front and rear of the shell. This, along with the open architecture of the Xenith matrix, allows cool air to flow over the head and hot air to escape.
First looks at Xenith Shadow XR will be on the field for Spring Ball with full availability to purchase in late Spring 2020.
Xenith collaborated with RHEON™ to create a unique energy control cell that cushions low-speed impacts, but intelligently strengthens for high-speed impacts. These RHEON™ cells were designed to compress and shear to optimally control energy from a range of impact types; these cells compress to absorb linear impact and shear to control rotational impact energy, reducing the resulting acceleration of the head.
RHEON LABS utilizes 3D-printing to engineer special molds for these complex geometries. Xenith is the first company in the industry to successfully utilize additive manufacturing to implement new innovation in helmet performance at-scale.
RHEON™ provides energy control across a wide spectrum of impact intensities, and a wide range of temperatures. It is waterproof and washable, and can be molded into unique geometries that advance performance and promote cooling, as seen in Xenith Shadow XR. The RHEON™ material is lightweight, durable, and self-healing. These features lend themselves to a variety of different performance products in the Xenith arsenal.
“Xenith only makes 5-star rated and ‘Top Performing’ helmets based on lab tests, and we take great pride in the world-class effort we also place in elevating the athlete on the field,” said Ryan Sullivan, Xenith CEO. “Demonstrating our rigor in athlete-first design and material science, our helmets provide optimal comfort and support an athlete’s agility and movement, rather than hinder it. Athletes tell us this is what separates a Xenith helmet from the rest, and Xenith Shadow XR does this more intelligently than any other helmet in the game.”
All Xenith helmets – X2E+, Xenith Shadow, and Xenith Shadow XR – youth and varsity, are Five-Star rated under the widely accepted Virginia Tech Helmet Ratings System and score in the “Top-Performing Group” of the NFL Helmet Laboratory Testing Performance Results. All Xenith helmets utilize Xenith’s core Adaptive Fit technology allowing for a custom fit for every athlete, every time they put on the helmet.
Xenith Shadow XR is available for $679 (with titanium facemask); team pricing is available. For more details please visitxenith.com/ShadowXR.
About Xenith
Xenith creates top-rated football helmets, non-tackle headgear, equipment, and apparel designed to elevate the athlete’s pursuit. Their athlete-first design approach is backed by rigorous science, engineering, and innovation which transcends laboratory testing to address on-field needs. Xenith outfits the athlete from head to ankle in a suite of performance products for playing, training, and living.
All Xenith helmets are Five-Star rated on the Virginia Tech Helmet Ratings System, and score in the “Top-Performing Group” of the NFL Helmet Laboratory Testing Performance Results. Xenith is committed to democratizing protection by making top-rated helmets, shoulder pads, and gear available at an equitable price point for anyone who wants to play football – from youth, to varsity, to the pros. Xenith’s training and compression apparel give athletes the extra edge they demand to take their game to the next level.
Xenith sees football as a force for good in the community, and executes this vision with passion, purpose, and pride. For more information, please visit xenith.com.
About RHEON LABS LTD:
RHEON LABS know how to control energy. They believe performance in almost every sport could be improved if energy were being controlled more effectively. RHEON is driven to create solutions which inspire confidence, empower performance and allow athletes to explore new boundaries.
At the core of the RHEON™ technology platform is an active polymer that intelligently changes its behavior in response to movement. It can control energy of any amplitude or frequency – from small vibrations to life-threatening single impacts.
RHEON partners with best-in-class sports brands to create bespoke solutions that improve product performance. The RHEON™ technology platform offers these partners an optimized combination of active polymers, unique generative design capabilities and state-of-the-art testing facilities. This results in highly integrated solutions that are able to enhance a diverse range of products.
For over 15 years Dr Daniel Plant, CTO, and his team of researchers, engineers and designers have developed this platform using a unique combination of material science, geometry, design and production techniques.
For more information, please visit rheonlabs.com
Media contact:
Xenith PR Manager, Jamie Sherman // [email protected]
Media assets:
Xenith Shadow XR assets can be found HERE.
Beginning in 2020, Headfirst Showcases (Honor Roll & Top96 Camps) is partnering with Blast Motion to deliver in-depth swing data and analytics directly to high school student-athletes and the coaches at the nation’s top universities who are recruiting them. This partnership gives unparalleled recruiting insights to college coaches, and also invaluable swing feedback to student-athletes, with the ultimate dual aim of delivering everything that college coaches need to recruit, as well as a path of guided, focused development for high school student-athletes.
Blast Motion offers industry-leading swing analysis technology, as well as an integrated platform including software analytics, coaching, reporting, and training feedback tools to help athletes improve their game, and to help coaches gain better insights into prospective student-athletes. The partnership between Blast and Headfirst will allow for the collection of Blast swing analysis data at all Honor Roll Camps and Top96 Camps in 2020 during live game play as well as the Offensive Showcase portions of camp, to then be disseminated to both student-athletes and the college coaches in attendance.
“I’m really excited for what this partnership will mean for both our families and our partner college coaches,” says Brendan Sullivan, Founder & President of The Headfirst Companies. “As the game of baseball and softball moves towards being more and more data-driven, we believe that delivering this level of in-depth data and analytics will be crucial in equipping college coaches and recruiters with the information they need to make informed decisions on projecting and recruiting high school players. With Blast’s best-in-class technology capturing in-game data, I think it will give players actionable feedback to improve their game, while also giving college coaches a level of insight into a prospect’s ‘projectability’, that can really help advance the recruiting process.”
“With the added emphasis now being placed on biomechanical data, knowledge and self-awareness are powerful tools not only in maximizing player development but also in shaping the recruiting process,” says Yale Recruiting Coordinator Josh Schulman. “Incorporating the same technology that is currently used at all levels of college and professional baseball is a distinct advantage in closing the information gap during the recruiting process and providing another layer of metric-driven evaluation for coaches beyond simply the ‘eye test’.”
“Our goal is to make coaches and athletes better through Blast swing insights and performance reports, especially at the recruiting level,” states Mike Woods, Vice President of Business Development and Strategic Partnerships at Blast Motion. “Headfirst is the industry leader in high-academic collegiate camps. Our partnership provides coaches, parents, and athletes access to objective performance data that will help transform recruitment decisions and player development.”
About Headfirst Honor Roll & Top96 Camps
Based in Washington, D.C., Headfirst is the nation’s leading provider of high-academic showcase camps, with over 1300 Honor Roll alumni playing at more than 100 partner college programs. Now in our 22nd year of high-academic showcases, Headfirst’s Honor Roll Camps provide student-athletes with direct access to high-academic baseball and softball programs from across the country. With 23 events in 6 states and the District of Columbia, Headfirst hosts over 3,000 student-athletes and over 200 college coaches annually. For more information about Headfirst Honor Roll, please visit: headfirsthonorroll.com
Top96 Camps offer best-in-class regional showcases for student-athletes to get guaranteed, data-driven exposure to top in-region college programs in Atlanta, Chicago, Dallas, Los Angeles, Philadelphia, and Washington, D.C. To learn more about Top96 Camps, please visit: top96.com/baseball
About Blast Motion
Based in Carlsbad, CA, Blast Motion is an information company that provides motion analysis and performance insights. By combining the bio-mechanics of movement with sensor data, video capture technology and cloud-based software services, Blast has redefined the way people train, analyze and improve their game. For additional information on Blast Motion, please visit: blastmotion.com
VANCOUVER, Wash.–(BUSINESS WIRE)–Nautilus, Inc. (NYSE: NLS) today announced that Aina Konold has been appointed Chief Financial Officer, effective on December 10, 2019.
Konold brings over 25 years of financial management experience to the position, and deep knowledge in consumer goods. Additionally, she has extensive global market acumen particularly with driving growth, and developing cost-efficient strategies and brand revitalization initiatives.
Previously, Konold held several executive level finance positions during her 20-year career with Gap, Inc. including senior leadership roles across financial planning and analysis, real estate strategy, and investor relations. Most recently, she was the founding CFO for Gap Inc. in China where she grew store count from four to over 175 stores. During her tenure, the business experienced rapid revenue growth and established a business model to achieve profitable growth. She was also instrumental in creating practices that enabled sustainability in a constantly evolving marketplace, particularly in the digital and e-commerce areas.
“We are fortunate to have Aina join our management team and are confident that her strong financial background, global intelligence, and depth of consumer goods experience are a winning combination as we continue to execute on our key strategic initiatives,” said Jim Barr, Nautilus, Inc. Chief Executive Officer. “Her data-driven insights, knowledge of omnichannel business models, and cost-effective growth approach will be critical to our path forward as a leader in connected fitness.”
Ms. Konold commented, “Nautilus, Inc. has built a strong reputation for product innovation, quality products and consumer loyalty across its portfolio of brands. I’m looking forward to joining the Nautilus leadership team as we build upon this strong foundation and seek to return the company to a profitable growth trajectory.”
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global technology-driven fitness solutions company that believes everyone deserves a fit and healthy life. With a brand portfolio including Bowflex®, Nautilus®, Octane Fitness®, and Schwinn®, Nautilus, Inc. develops innovative products to support healthy living through direct and retail channels as well as in commercial channels. Nautilus, Inc. uses the investor relations page of its website (www.nautilusinc.com/investors) to make information available to its investors and the market.
This press release includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including: planned investments and initiatives and the anticipated results of such initiatives. Factors that could cause Nautilus, Inc.’s actual results to differ materially from these forward-looking statements include: weaker than expected demand for new or existing products; our ability to timely acquire inventory that meets our quality control standards from sole source foreign manufacturers at acceptable costs; an inability to pass along or otherwise mitigate the impact of raw material price increases and other cost pressures, including unfavorable currency exchange rates; experiencing delays and/or greater than anticipated costs in connection with launch of new products, entry into new markets, or strategic initiatives; our ability to hire, retain and integrate key management personnel, including our new Chief Financial Officer; changes in consumer fitness trends; changes in the media consumption habits of our target consumers or the effectiveness of our media advertising; a decline in consumer spending due to unfavorable economic conditions; and softness in the retail marketplace. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission, including the “Risk Factors” set forth in our Annual Report on Form 10-K, as supplemented by our quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent developments, events or circumstances.
Contacts
Media:
John Fread
Nautilus, Inc.
360-859-5815
[email protected]
Carey Kerns
The Hoffman Agency
503-754-7975
[email protected]
Investor Relations:
John Mills
ICR, LLC
646-277-1254
[email protected]