BowFlex Inc. ("BowFlex" or "the Company") today announced that the U.S. Bankruptcy Court for the District of New Jersey (the "Court") entered an order approving the sale of the Acquired Assets pursuant to the terms of the previously announced Stalking Horse Asset Purchase Agreement ("Purchase Agreement") with Johnson Health Tech Retail, Inc. ("Johnson Health Tech" and such order, the "Sale Order"). Pursuant to the terms of the Purchase Agreement, Johnson Health Tech has agreed to acquire substantially all of the Company's assets (the "Acquired Assets") for $37,500,000 in cash, less certain adjustments. "We are pleased that the Court has approved this transaction with Johnson Health Tech,"
Secured Commitment for $25 Million in Debtor-in-Possession Financing to Continue to Fulfill Customer Orders and Support Ordinary Course Operations BowFlex Inc. (NYSE:BFX) ("BowFlex" or "the Company") today announced that it has entered into a purchase agreement with Johnson Health Tech Retail, Inc. (the "Stalking Horse Bidder") to serve as the stalking horse bidder to acquire substantially all of the assets of the Company for $37,500,000 in cash at the closing of the transaction, less closing adjustment amounts for accounts receivable, inventory and certain transfer taxes. In order to facilitate the sale process, the Company and certain of its subsidiaries have voluntarily initiated a Cha
BowFlex Inc. (NYSE:BFX) received written notice on November 27, 2023, from the New York Stock Exchange (NYSE) that the Company is not in compliance with the NYSE continued listing standards, which require it to maintain an average global market capitalization of at least $50.0 million over a consecutive 30-day trading period and, at the same time, a total stockholders' equity equal to or greater than $50.0 million. The Company plans to notify the NYSE by December 11, 2023 of its receipt of the notice and that it intends to submit a plan to cure the global market capitalization listing standard deficiency. The NYSE provides a period of 45 days from receipt of the notice to submit a plan
Direct Segment Net Sales of $21 Million Down 15% versus Q2 Fiscal 2023 Direct Strength Product Sales Up 15% versus Q2 Fiscal 2023 Reaches 596K JRNY® Members During Q2 Fiscal 2024, Up 51% versus Q2 Fiscal 2023 Adjusted EBITDA Loss Reduced by 41% versus Q2 Fiscal 2023 Updates Fiscal Year 2024 Guidance BowFlex Inc. (NYSE:BFX) today reported its unaudited operating results for the fiscal 2024 second quarter ended September 30, 2023. Management Comments "The retail environment has remained challenging throughout our fiscal year second quarter. We continued to offset the topline softness with diligent cost management and operational excellence efforts, resulting in another quarter o
BowFlex Inc. (NYSE:BFX) (the "Company") today announced that the Company will report its financial results for the fiscal second quarter ended September 30, 2023 after the market closes on November 14, 2023, followed by a management hosted conference call to discuss the Company's operating results. The live conference call and webcast is scheduled for 1:30 p.m. PT (4:30 p.m. ET) on Tuesday, November 14, 2023. The conference call can be accessed by calling (877) 425-9470 in North America and International callers may dial (201) 389-0878. Additionally, there will be presentation slides accompanying the earnings call. The slides will be displayed live on the webcast and will be available to
Direct Segment Net Sales of $21 Million Down 15% versus Q2 Fiscal 2023 Direct Strength Product Sales Up 15% versus Q2 Fiscal 2023 Reaches 596K JRNY® Members During Q2 Fiscal 2024, Up 51% versus Q2 Fiscal 2023 Adjusted EBITDA Loss Reduced by 41% versus Q2 Fiscal 2023 Updates Fiscal Year 2024 Guidance BowFlex Inc. (NYSE:BFX) today reported its unaudited operating results for the fiscal 2024 second quarter ended September 30, 2023. Management Comments "The retail environment has remained challenging throughout our fiscal year second quarter. We continued to offset the topline softness with diligent cost management and operational excellence efforts, resulting in another quarter o
BowFlex Inc. (NYSE:BFX) (the "Company") today announced that the Company will report its financial results for the fiscal second quarter ended September 30, 2023 after the market closes on November 14, 2023, followed by a management hosted conference call to discuss the Company's operating results. The live conference call and webcast is scheduled for 1:30 p.m. PT (4:30 p.m. ET) on Tuesday, November 14, 2023. The conference call can be accessed by calling (877) 425-9470 in North America and International callers may dial (201) 389-0878. Additionally, there will be presentation slides accompanying the earnings call. The slides will be displayed live on the webcast and will be available to
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Secured Commitment for $25 Million in Debtor-in-Possession Financing to Continue to Fulfill Customer Orders and Support Ordinary Course Operations BowFlex Inc. (NYSE:BFX) ("BowFlex" or "the Company") today announced that it has entered into a purchase agreement with Johnson Health Tech Retail, Inc. (the "Stalking Horse Bidder") to serve as the stalking horse bidder to acquire substantially all of the assets of the Company for $37,500,000 in cash at the closing of the transaction, less closing adjustment amounts for accounts receivable, inventory and certain transfer taxes. In order to facilitate the sale process, the Company and certain of its subsidiaries have voluntarily initiated a Chapt
Gainers Aterian (NASDAQ:ATER) shares rose 7.8% to $0.47 during Monday's after-market session. The market value of their outstanding shares is at $42.4 million. Fossil Group (NASDAQ:FOSL) stock rose 5.0% to $1.05. The company's market cap stands at $55.1 million. Interactive Strength (NASDAQ:TRNR) shares moved upwards by 5.0% to $0.43. The company's market cap stands at $6.1 million. Rent the Runway (NASDAQ:RENT) shares increased by 3.73% to $0.39. The market value of their outstanding shares is at $27.5 million. EpicQuest Education Group (NASDAQ:EEIQ) stock rose 3.7% to $1.12. The market value of their outstanding shares is at $14.2 million. Newegg Commerce (NASDAQ:NEGG) shares moved u
Gainers Connexa Sports Techs (NASDAQ:CNXA) stock increased by 22.4% to $0.29 during Wednesday's pre-market session. BowFlex (NYSE:BFX) shares increased by 13.21% to $0.22. The company's market cap stands at $7.8 million. Qurate Retail (NASDAQ:QRTEA) shares rose 12.85% to $1.58. The company's market cap stands at $615.2 million. The company's, Q4 earnings came out today. Life Time Group Hldgs (NYSE:LTH) shares moved upwards by 11.59% to $13.86. The market value of their outstanding shares is at $2.7 billion. As per the news, the Q4 earnings report came out today. Coupang (NYSE:CPNG) stock moved upwards by 10.95% to $18.74. The market value of their outstanding shares is at $33.5 billion.
Gainers EpicQuest Education Group (NASDAQ:EEIQ) shares increased by 17.6% to $1.47 during Tuesday's after-market session. The company's market cap stands at $18.6 million. Foresight Autonomous (NASDAQ:FRSX) stock increased by 7.76% to $1.11. The company's market cap stands at $17.0 million. Coupang (NYSE:CPNG) shares moved upwards by 6.87% to $18.05. The company's market cap stands at $32.2 billion. The company's, Q4 earnings came out today. China Automotive Systems (NASDAQ:CAAS) stock rose 6.15% to $3.45. The company's market cap stands at $104.1 million. BowFlex (NYSE:BFX) shares increased by 5.15% to $0.2. The market value of their outstanding shares is at $7.2 million. Visionary Ho
Shares of AXT, Inc. (NASDAQ:AXTI) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter financial results. AXT posted GAAP loss of 9 cents per share, compared to market expectations for a loss of 15 cents per share. The company’s quarterly sales came in at $20.43 million versus estimates of $17.57 million, according to data from Benzinga Pro. AXT shares jumped 36% to $3.10 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers Telesis Bio, Inc. (NASDAQ:TBIO) gained 88% to $0.8506 in pre-market trading after the company was granted EUR Patent #3503915 for "Genetically Engineered Vibrio Natriegens (Host
Gainers Fitell (NASDAQ:FTEL) stock increased by 30.1% to $3.85 during Thursday's regular session. The company's market cap stands at $42.8 million. GigaCloud Tech (NASDAQ:GCT) stock increased by 24.38% to $34.12. The market value of their outstanding shares is at $1.3 billion. Golden Heaven Group Hldgs (NASDAQ:GDHG) stock rose 21.04% to $0.53. The company's market cap stands at $27.5 million. Codere Online Luxembourg (NASDAQ:CDRO) stock moved upwards by 20.16% to $7.09. The company's market cap stands at $321.1 million. Installed Building Prods (NYSE:IBP) shares moved upwards by 11.19% to $225.22. The market value of their outstanding shares is at $6.3 billion. The company's, Q4 earning
Gainers Color Star Tech (NASDAQ:ADD) stock increased by 22.4% to $0.42 during Tuesday's regular session. The market value of their outstanding shares is at $9.5 million. Workhorse Gr (NASDAQ:WKHS) stock rose 19.05% to $0.35. The company's market cap stands at $91.2 million. Qurate Retail (NASDAQ:QRTEA) stock moved upwards by 15.37% to $1.2. The market value of their outstanding shares is at $467.2 million. Jiuzi Hldgs (NASDAQ:JZXN) stock rose 15.21% to $1.06. The company's market cap stands at $4.3 million. VIZIO Holding (NYSE:VZIO) shares moved upwards by 14.9% to $10.95. The company's market cap stands at $2.1 billion. Bright Scholar Education (NYSE:BEDU) stock increased by 12.51% to
Gainers Connexa Sports Techs (NASDAQ:CNXA) shares rose 128.0% to $0.45 during Wednesday's regular session. The market value of their outstanding shares is at $1.5 million. Envirotech Vehicles (NASDAQ:EVTV) stock moved upwards by 19.86% to $1.75. The company's market cap stands at $26.4 million. Jiuzi Hldgs (NASDAQ:JZXN) stock rose 14.14% to $0.72. The company's market cap stands at $2.9 million. 17 Education & Technology (NASDAQ:YQ) stock rose 10.16% to $2.39. The company's market cap stands at $23.2 million. Canoo (NASDAQ:GOEV) shares rose 9.2% to $0.2. The market value of their outstanding shares is at $188.9 million. Naas Technology (NASDAQ:NAAS) stock rose 9.09% to $1.56. The marke
Gainers Selina Hospitality (NASDAQ:SLNA) stock moved upwards by 24.9% to $0.24 during Friday's regular session. The company's market cap stands at $26.2 million. Envirotech Vehicles (NASDAQ:EVTV) stock rose 20.83% to $1.45. The company's market cap stands at $21.9 million. Vince Holding (NYSE:VNCE) stock increased by 16.18% to $3.62. The company's market cap stands at $45.3 million. Esports Entertainment (NASDAQ:GMBL) stock increased by 16.09% to $2.24. The market value of their outstanding shares is at $2.3 million. BowFlex (NYSE:BFX) shares rose 12.77% to $0.6. The company's market cap stands at $21.8 million. GigaCloud Tech (NASDAQ:GCT) shares increased by 11.29% to $25.92. The comp
Gainers Wayfair (NYSE:W) shares moved upwards by 15.1% to $58.6 during Friday's pre-market session. The market value of their outstanding shares is at $6.9 billion. Kirkland's (NASDAQ:KIRK) stock moved upwards by 10.31% to $2.78. The company's market cap stands at $35.9 million. Kidpik (NASDAQ:PIK) shares increased by 9.96% to $0.39. The company's market cap stands at $3.6 million. BowFlex (NYSE:BFX) stock rose 9.34% to $0.55. The company's market cap stands at $19.9 million. Allbirds (NASDAQ:BIRD) shares increased by 9.07% to $1.07. The company's market cap stands at $163.5 million. Connexa Sports Techs (NASDAQ:CNXA) stock moved upwards by 7.77% to $0.2. Losers iRobot (NASDAQ:IRBT)