Nautilus-Finally Flexing Its Muscle, Or Out Of Steam?

Nautilus (NLS) Recent One Year Performance: Aug.27 2012-Aug.27 2013

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There are no traffic jams along the extra mile. -Roger Staubach-First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end. -Aristotle-

Fall seven times and stand up eight. -Japanese Proverb-

The best revenge is massive success. -Frank Sinatra-

If you do what you’ve always done, you’ll get what you’ve always gotten. -Tony Robbins-

• Nautilus (NLS) Q2 misses across the board as the company was dealt with slowing sales and tough Y/Y comps in its retail business due to customers accelerating their normal buying pattern in anticipation of a price increase implement in Q3 last year.
• Net earnings swung to a profit on an income tax benefit, masking over an 8.4% decline in total revenue.
• Sales in the larger direct unit rose 2.5% to $25.3M, while sales in its retail business slipped 27% to $10.2M.
• Gross margin widened to 47.8% from 43.4%, as lower overhead costs helped to mitigate the sales slump.
• Shares -11.5% AH.

 

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• Monday, Aug 5

  6:21 PM
  Nautilus misses by $0.04, misses on revenue

  • Nautilus (NLS): Q2 EPS of -$0.04 misses by $0.04.
  • Revenue of $36.2M misses by $4.07M. (PR)

   

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• Tuesday, Jul 16

  3:14 PM
  Nautilus (NLS -7.3%) suffers through a rough session after B. Riley downgrades the shares to Neutral from Buy with a $10 price target.

   

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• Thursday, Jun 13

  7:07 PM
  Nautilus (NLS) says CFO Linda Pearce has resigned (effective July 2) to pursue an “unexpected opportunity.” (PR)

   

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• Tuesday, May 7

  12:52 PM
  Midday top 10 gainers: FSGI +28%. ARCI +27%. ININ +18%. MELI +18%. NLS +18%. PRTS +18%. REED +16%. PODD +14%. LAS +12%. MKTG +12%. Midday top 10 losers: DCO -27%. RKUS -25%. GNK -24%. CUTR -23%. ARUN -22%. SNTA -15%. AMRI -12%. PIKE -12%. TA -12%. PTRY -11%.

   

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• Tuesday, May 7

  9:35 AM
  Nautilus (NLS +14.9%) rises sharply after beating consensus top and bottom line estimates Monday. Some highlights from the report: Gross margins widened 520 basis points from the year earlier period as profitability increased in both the retail and direct segments. Margin expansion in retail (110 basis points) was critical given the impact of “soft overall demand for fitness equipment.” Meanwhile, the direct segment saw sales increase 26.4% Y/Y on strong demand and higher credit approval rates. (PR)

   

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• Monday, May 6

  6:25 PM
  Nautilus (NLS): Q1 EPS of $0.18 beats by $0.06. Revenue of $59.2M beats by $4.25M. Shares +7.3% AH. (PR)

   

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• Monday, May 6

  5:49 PM
  After-hours top gainers, as of 5:30 p.m.: SNTS +10%. MELI +9%. NLS +9%. ININ +6%. ROIC +6%. After-hours top losers: RKUS -16%. NSPR -4%. AZPN -3%. HOLX -3%. AXL -3%.

   

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• Sunday, Apr 14

  10:43 PM
  The rest of the top 25 June additions to the Russell 2000 expected by Credit Suisse: GNMK, AVIV, FBC, TTS, UNXL, GARS, REMY, BNCN, CBK, VRNG, LFVN, GTN, NLS, ENT, AMRI, POWR, DCO, INSM, CUTR, PPBI. “Very few of the bigger adds are owned by actively managed small cap funds,” notes CS.

   

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• Monday, Mar 4

  4:31 PM
  Nautilus (NLS): Q4 EPS of $0.23. Revenue of $65M (+8.4% Y/Y). (PR)

   

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• Thursday, Jan 17

  12:53 PM
  Midday top 10 gainers: NEWL +55%. KSWS +48%. SSE +44%. HMNY +21%. CALI +25%. GV +18%. FSI +14%. SHIP +14%. HILL +13%. NLS +13%.
  Midday top 10 Losers: HOTR -17%. AMS -13%. PWER -8%. MY -8%. FET -7%. SZYM -8%. CLSN -8%. LEAP -7%. FOLD -7%. MELA -7%.

   

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• Monday, Aug 6

  2012, 4:06 PM
  Nautilus Group (NLS): Q2 EPS of $0.02 misses by $0.05. Revenue of $39.6M (+14% Y/Y) beats by $3M. (PR)

   

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• Tuesday, Mar 13

  2012, 1:54 PM
  Nautilus (NLS +9.1%) shares surge after Q4 results show better-than-expected EPS of $0.10 on $60M in sales vs. breaking even in the year-ago period on $53.7M in sales. For FY 2011, the fitness products company returned to profitability as a 7% sales increase and decreased costs helped overturn losses; the outlook for 2012 is upbeat.

   

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