F45 Training Holdings Inc. (NYSE: FXLV) released today its updated revenue guidance for the fiscal year 2021 ended December 31, 2021. The firm is projecting the annual revenue to fall between US$133 and US$136 million, a narrower range from the previously announced outlook of US$132 – US$137 million.
The revenue guidance represents 62% to 66% growth over its 2020 performance.
The company also beat its outlook for 2021 net new studio openings and franchises sold. For the year, the firm had approximately 310 openings, exceeding its outlook of 240 to 260, and had approximately 1,040 franchises sold, exceeding its outlook of 830 to 850.
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“As we look ahead to 2022, I couldn’t be more excited about the future of F45 as we drive continued growth in the business across both existing and new channels and fitness modalities,” said CEO Adam J. Gilchrist.
The firm is expecting to be able to release its detailed full-year financials and its 2022 outlook by March 2022.
F45 Training last traded at US$11.04 on the NYSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
