Nautilus, Inc. (NYSE:NLS) announced that its Board of Directors (the “Board”), with the support of management, has launched a comprehensive review of strategic alternatives, which may include a potential sale of the Company, to identify opportunities to accelerate the Company's digital transformation under its previously announced North Star plan and enhance shareholder value. The Board has engaged Evercore Inc. (NYSE:EVR) as a financial advisor to assist in the process. The Board has not set a timetable for the conclusion of this review and there can be no assurance that the review will result in any transaction or other strategic change.

Nautilus does not intend to comment regarding developments in the process, unless it determines that further disclosure is appropriate or necessary.