Nautilus, Inc. Announces Change to Its Fiscal Year
December 30 2020 - 4:05PM
Business Wire
Nautilus, Inc. (the “Company”) (NYSE:NLS), the innovation leader
in home fitness for over 30 years, announced today that its Board
of Directors has approved a change in the Company's fiscal year
from the twelve months beginning January 1 and ending December 31
to the twelve months beginning April 1 and ending March 31. The
Company plans to file a transition report on Form 10-QT for the
transition period from January 1, 2021 to March 31, 2021. The
Company’s fiscal year 2022 will begin April 1, 2021 and end March
31, 2022.
The Company changed its fiscal year-end in order to include the
primary fitness season for exercise equipment, October to March, in
the same fiscal year. In addition, the new fiscal year-end is
better aligned with the fiscal year-end of its retail partners.
About Nautilus, Inc. Nautilus, Inc. (NYSE:NLS) is the
global leader in innovative home fitness solutions. The company’s
diverse brand portfolio includes Bowflex®, Nautilus®, Schwinn®, and
a broad selection of exercise bikes, cardio equipment, strength
training products, as well as the JRNY® digital fitness platform.
Nautilus, Inc. empowers healthier living through individualized
connected fitness experiences. The company sells its products
through direct and retail 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. All of these forward-looking statements are
subject to risks and uncertainties that may change at any time,
including with respect to our exploration of the described business
unit sale, risks and uncertainties as to the terms, timing,
structure, benefits and costs of any divestiture or separation
transaction and whether one will be consummated at all, and the
impact of any divestiture or separation transaction on our
remaining business. Factors that could cause Nautilus, Inc.’s
actual expectations to differ materially from these forward-looking
statements also include risks related to: changes in the financial
markets, including changes in credit markets and interest rates;
changes in consumer fitness trends; and the impact of any future
impairment. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201230005192/en/
Investor Relations: John Mills Managing Partner ICR, LLC
646-277-1254 john.mills@ICRinc.com
Media Contacts: Erin Beck Nautilus, Inc. 360-859-5863
ebeck@nautilus.com
Carey Kerns The Hoffman Agency 503-754-7975
ckerns@hoffman.com
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