Beachbody executives, including CEO Carl Daikeler, discussed the company’s history, with more than 140 proprietary programs and $12 billion in sales. They shifted away from MLM to multi-channel strategies. The company saw improvements in cash break-even, adjusted EBITDA, free cash flow, and net income profitability. Debt was refinanced, and retail distribution plans were revealed. The company plans to introduce new fitness programs and expand into retail with nutritional products.
Read more at Yahoo Finance: Turnaround Hits Net Income Profit, Retail Shakeology Push and New P90X Planned
