UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report: April 8, 2020
(Date of earliest event reported)
 _________________________________________ 
NAUTILUS, INC.
(Exact name of registrant as specified in its charter)
  __________________________________________

Washington
001-31321
94-3002667
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
17750 S.E. 6th Way
Vancouver, Washington 98683
(Address of principal executive offices, including zip code)

(360) 859-2900
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 Common Stock, no par value
 NLS
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.








Item 2.02
 
Results of Operations
 
On April 8, 2020, Nautilus, Inc. (the “Company”) issued a press release announcing an update to its anticipated financial results for the three months ended March 31, 2020. A copy of the press release is attached as Exhibit 99.1. In the press release, the Company disclosed that it expects to report for the three months ended March 31, 2020, net sales for its Direct and Retail segments in the amounts of approximately $47 million and $46 million, respectively, EBITDA from continuing operations to be in the range of $0.0 million to positive $1.5 million, cash and cash equivalents of $26.5 million and debt of $28.0 million with $19.3 million available for borrowing on its line of credit as of March 31, 2020. These amounts reflect the Company’s estimates based solely upon information available to it as of the date of this Current Report on Form 8-K, are not a comprehensive statement of its financial results or position as of March 31, 2020, and have not been reviewed or compiled by the Company’s independent registered public accounting firm. The actual amounts that the Company reports will be subject to its financial closing procedures and any final adjustments that may be made prior to the time its financial results for the period ended March 31, 2020 are finalized.
The information in this Item 2.02 and in the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01
 
Financial Statements and Exhibits
 (d) Exhibits
The following exhibit is furnished herewith and this list is intended to constitute the exhibit index:
Nautilus, Inc. press release dated April 8, 2020.







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 
 
 
NAUTILUS, INC.
 
 
(Registrant)
 
 
 
 
April 13, 2020
 
By:
/s/ Aina E. Konold
Date
 
 
Aina E. Konold
 
 
 
Chief Financial Officer
 
 
 
(Principal Financial and Accounting Officer)



Nautilus (NYSE:NLS)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Nautilus Charts.
Nautilus (NYSE:NLS)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Nautilus Charts.