Highlights:

The case for a breakout in the near term…

“The acquisition of CLMBR is expected to be transformational, potentially generating over $20 million in revenue in 2024 and achieving positive cash flow and adjusted EBITDA profitability by the fourth quarter of 2024”

Earnings are due out August 13th, 2024, and should be by far the best they have ever reported!

Tiny Market Cap $2.9m

Estimated Public Float 3.8m (source: dilutiontracker.com)

Current Price $0.70/Share

Outstanding warrants at $1.41/share suggest they are confident in the price over that level representing 100% upside.

Anti-Dilution Agreement

 

Key developments and potential catalysts

Exclusive Distribution Agreement in the Gulf Region:

On July 9, 2024, the company secured exclusive distribution for its CLMBR equipment with MEFITPRO in the Gulf region. This agreement includes a six-figure initial order, demonstrating strong demand and opening opportunities for significant revenue growth in a rapidly expanding market​​.

Expansion with Gold’s Gym:

Interactive Strength Inc. is making strides in the fitness industry with its CLMBR installations at multiple Gold’s Gym locations. Following a substantial order from Gold’s Gym SoCal, the company announced new installations in Texas, with potential expansion to over 600 Gold’s Gym locations globally. This partnership underscores the growing acceptance and demand for CLMBR equipment in prominent fitness chains​​.

Strategic Acquisitions and Growth:

The acquisition of CLMBR is expected to be transformational, potentially generating over $20 million in revenue in 2024 and achieving positive cash flow and adjusted EBITDA profitability by the fourth quarter of 2024. This strategic move positions Interactive Strength for sustainable growth by leveraging both B2B and B2C channels, mitigating risks associated with reliance on direct consumer sales​.

Expansion with Crunch Fitness:

Interactive Strength Inc.’s (Nasdaq: TRNR) CLMBR Earns Approved Vendor Partner status from Crunch Fitness and is Invited to the 2024 Crunch Franchise Convention

Thursday, 25 July 2024 07:00 AM

CLMBR is now an Approved Vendor Partner for Crunch Fitness franchisees, following a successful pilot at Crunch West Hollywood earlier this year

CLMBR is exhibiting at the Annual Crunch Franchise Convention, from July 28 to August 1 in Phoenix, AZ

There are more than 460 locations and 2.5 million members in the Crunch Fitness system

AUSTIN, TX / ACCESSWIRE / July 25, 2024 / Interactive Strength Inc. (NASDAQ:TRNR) (“TRNR” or “the Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced that CLMBR has earned Approved Vendor Partner status from Crunch Fitness and has been invited to exhibit CLMBR at the Crunch Franchise Convention, which starts on July 28 in Phoenix, AZ.

Trent Ward, Co-Founder and CEO of TRNR, said: “Crunch Fitness is one of the fastest growing gym chains in the US and we are excited that CLMBR has earned the Approved Vendor Partner status, which is a key step that enables selling CLMBRs to the wider Crunch Fitness system. After the very successful pilot at Crunch West Hollywood earlier this year, where we eventually installed 13 CLMBRs, we were targeting this opportunity to exhibit at the Crunch Franchise Convention so that we could allow the other Crunch Franchise Owners to experience CLMBR.”

The annual Crunch Franchise Convention is an invitation-only event for Franchise Owners, Vendor Partners, Club Managers and other key team members. There is a select group of Vendor Partners that exhibit, which allows Franchise Owners to evaluate and purchase equipment in order to have installations completed before the peak membership selling season begins in January.

Crunch Fitness has more than 460 corporate and franchised locations currently open, and there are more than 1,400 franchise locations committed to eventually open. After a successful pilot, Crunch West Hollywood installed CLMBR devices in both a group fitness room previously used for spinning and on the cardio floor, highlighting the versatility of CLMBR.

The group fitness application demonstrates the strong potential of the CLMBR opportunity, given the high number of spin bikes that have been installed over the past couple of decades across the industry. The positive reception of the class concept at Crunch West Hollywood mirrors the success of Studio CLMBR in Denver.

About Crunch Fitness:

Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of ‘No Judgments.’ Crunch serves a fitness community for all kinds of people with all types of goals, exercising all different ways, working it out at the same place together. Today, we are renowned for creating one-of-a-kind group fitness classes and unique programming for our wildly diverse members. Headquartered in New York City, Crunch serves 2.5 million members with over 460 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain. Crunch is rapidly expanding across the U.S. and around the globe.

About Interactive Strength Inc.

Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on Nasdaq (symbol: TRNR).

CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR’s design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.

FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com. Full PR

These highlights demonstrate Interactive Strength Inc.’s growth strategy, successful partnerships, and strategic market expansions, making it a promising prospect for a breakout.

 

TRNR One-Hour Chart

Multiple bottom at .70 and resistance at $1

 

Here are the current support and resistance levels for NASDAQ: TRNR (Interactive Strength Inc.) as of July 29th, 2024:

Support Levels:

$0.66: This level is significant as it marks the stock’s recent all-time low, reached on July 19, 2024. Historically, this level has acted as a strong bottom support and is crucial for traders to watch for potential rebounds.

$0.70: The current trading price near this level shows support where the stock tends to find buying interest.

Resistance Levels:

$0.75: This immediate resistance level is a point where the stock has faced selling pressure recently.

$0.85: Another key resistance level where previous trading activity has shown resistance due to increased selling volume.

These support and resistance zones are determined using pivot points and volume analysis, offering traders key areas to watch for potential price reversals or breakouts​ (TradingView)​​​.

For further real-time updates and detailed visual representation, you can refer to the Tivic Health Systems, Inc. chart on TradingView.

 

Conclusion
Interactive Strength Inc. (NASDAQ: TRNR) is poised for a potential breakout in the near term, driven by several compelling factors. The upcoming earnings report on August 13, 2024, is expected to be the company’s best yet, potentially showcasing significant financial improvements. The company’s tiny market cap of $2.9 million and estimated public float of just 3.8 million shares create a favorable environment for stock price volatility and potential upside.

Key developments, such as the acquisition of CLMBR, projected to generate over $20 million in revenue and achieve positive cash flow and adjusted EBITDA profitability by Q4 2024, present substantial growth opportunities. The outstanding warrants priced at $1.41 per share indicate management’s confidence in the stock reaching this level, representing a potential 100% upside from the current price of $0.70 per share.

TRNR has me excited!
With a low market cap, a small public float, and the company’s strategic moves positioning it for explosive growth, Interactive Strength Inc. (NASDAQ: TRNR) is a stock to watch closely. The anticipated earnings, strong partnerships, and strategic expansions all point towards a significant upside potential. Now is the time to start your due diligence on TRNR.

Remember your trading rules and follow your plan.

Happy Tading!

Your friend,
Steve Macalbry
Senior editor at BestGrowthStocks.Com

Just to remind you, breakout alerts are typically quick trades. AI-Desk issuances are labeled as such.

 

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