Nautilus Inc. announced that its Board of Directors has approved a change in the company’s fiscal year to the twelve months beginning April 1 and ending March 31.
The company’s year traditionally has run from the twelve months beginning January 1 and ending December 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 to include the primary fitness season for exercise equipment, October to March, in the same fiscal year. In addition, the new fiscal year-end aligns with the fiscal year-end of its retail partners.
Photo courtesy Nautilus
