Nautilus Inc. indicated that it expects to report an operating loss of $3.2 million in its fourth quarter, which compares with an operating loss of $3.8 million a year ago.
Excluding $3.8 million in asset impairment charges and $100,000 in restructuring expenses, the year-ago operating loss was $7.7 million.
Revenues reached $53.5 million, about flat with year-ago sales of $53.7 million. Cardio saw year-over-year growth of 14% in the fourth quarter. Home gym sales declined 27%.
By channel, retail sales were $23.9 million versus $24 million a year ago. Direct sales reached $28.2 million versus $28.9 million. Corporate revenues reached $1.4 million, up from $800,000.
The company provided fourth quarter estimates in anticipation of an upcoming presentation at an investor conference.
