Nautilus Inc (NLS) stock started the week by losing 6.09% in the normal trading on Monday, May 10, 2021. But later in the after-market session, NLS stock surged 11.15% to close the day at $17.65 per share.
NLS shares have surged 191.91% over the last 12 months, and they have moved down 7.84% in the past week. Over the past three months, the stock has lost 40.32%, while over the past six months, it has plummeted 42.69%.
Recent financial results announcement
On May 10, 2021, Nautilus, Inc. released its unaudited operating results for the three-month transition period ended March 31, 2021.
Key financial highlights
- For the reported period, Nautilusnet sales were $206.1 million compared to $93.7 million for the same period last year.
- Gross profit was $79.1 million in the three-month transition period ended March 31, 2021, compared to $35.6 million for the same period last year.
- In Q1 2021, EBITDA was $40.4 million compared to $2.3 million for the same period last year.
- Operating income was $39.7 million in Q1 2021, compared to a loss of $0.6 million for the same period last year.
- Income from continuing operations was $30.6 million, or $0.94 per diluted share, compared to $2.3 million, or $0.08 per diluted share, for the same period last year.
- Net income was $30.4 million, or $0.93 per diluted share, compared to $2.2 million, or $0.07 per diluted share, for the same period last year.
- Operating expenses were $39.4 million.
New chief supply chain officer
On April 5, 2021, Nautilus appointed John Goelz as Chief Supply Chain Officer, effective immediately. Goelz will lead the transformation of Nautilus’ global end-to-end supply chain to deliver innovative strategies, including sourcing, procuring, cost management, manufacturing, warehousing, transportation, and distribution to accelerate product delivery.
Nautilus’s investor day outcomes
On March 18, 2021, Nautilus, Inc. hosted its virtual investor day and revealed the company’s long-term strategic plan, North Star: Journey to 2026.
Chief Executive OfficerJim Barr said that the company is well down the path to transforming into the “new” digital Nautilus and North Star strategy has well-positioned the company to dramatically expand all areas of our business in the coming years.
Nautilus set a revenue target of $1 billion and two million digital members by the end of fiscal 2026.
New chief people officer appointment
On March 9, 2021, Nautilus Inc appointed Ellen Raim as chief people officer. Raim will lead all aspects of Nautilus’ global human resources, including crafting talent acquisition strategies to build strong pipelines for future hiring needs, promoting inclusion in the workplace, and designing and evaluating career paths to meet the company’s business goals.
The 2nd consecutive record-breaking quarter results are the reason behind its gains in the after-market session and we can expect NLS stock to surge more on Tuesday.