Nautilus Inc. of Vancouver has retained the financial advisory firm Evercore to review its business and, in the words of our colleagues at the American edition of SGI, “help it figure out a new way forward now that its pandemic-fueled, record sales levels have come crashing back to earth.” Troubles in the supply chain have clipped the wings of two years’ worth of soaring sales, and consumer demand has dropped with the reopening of gyms. The review could result in the company’s sale.
Nautilus’s fiscal first quarter, which ended June 30, produced a net loss of $60.2 million, against a profit of $13.9 million, with sales falling from $184.6 million in 2021 to $54.8 million.
