F45 TRAINING HOLDINGS INC.

(FXLV)
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Real-time Estimate Cboe BZX  -  01:26 2022-08-10 pm EDT
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F45 Launches Corporate Partnership Program, Bringing Studios and Classes to the Office

06/22/2022 | 08:11am EDT

F45 Training Holdings Inc. ("F45" or the "Company") (NYSE: FXLV), the fastest growing fitness franchisor in the world according to Entrepreneur, today announced the formal launch of its corporate partnership program. Through this program, organizations will be able to open an F45 studio inside their corporate offices to offer F45 classes directly to their employees. The goal of the program is to make exercise more accessible for corporate employees and bring F45’s innovative fitness program directly to the office.

Multinational aerospace and defense technology company Northrop Grumman Corporation (“Northrop Grumman”) is among the first organizations to participate in the program.

"Today’s corporate partnership program launch showcases yet another way we are continuing to bring the F45 experience to more people around the world,” said Adam J. Gilchrist, President, CEO and Chairman of F45 Training. “We are thrilled to have Northrop Grumman as one of our initial partners and look forward to working with other organizations who understand the value of investing in the mental and physical health and wellbeing of their employees.”

Gilchrist continued, “We see tremendous growth potential within the corporate channel, as employers seek to elevate their health and wellness offerings for employees. We are excited about the future of our corporate program and bringing ‘the world’s best workout’ – F45’s functional, fun and community-driven workouts – directly to where people work. Our corporate partnership program is a great opportunity for organizations to prioritize their employees’ health and recruit top talent.”

For more information about the F45 Training Corporate Partnership Program, please contact corporatepartnership@f45hq.com.

About F45

F45 offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 utilizes proprietary technologies: a fitness programming algorithm and a patented technology-enabled delivery platform that leverages a rich content database of over 8,000 unique functional training movements across modalities to offer new workouts each day and provide a standardized experience across the Company’s global footprint. For more information, please visit www.f45training.com


© Business Wire 2022
All news about F45 TRAINING HOLDINGS INC.
08/08F45 to Report Second Quarter Fiscal 2022 Financial Results on August 15, 2022
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Financials (USD)
Sales 2022 128 M - -
Net income 2022 48,4 M - -
Net cash 2022 19,0 M - -
P/E ratio 2022 4,08x
Yield 2022 -
Capitalization 168 M 168 M -
EV / Sales 2022 1,16x
EV / Sales 2023 0,47x
Nbr of Employees 225
Free-Float 48,8%
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Number of Analysts 7
Last Close Price 1,77 $
Average target price 7,75 $
Spread / Average Target 338%
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Managers and Directors
Ben Coates Chief Executive Officer & Independent Director
Rahul B. Patel Co-Founder & President
Chris Payne Chief Financial Officer, Treasurer & Director
Dorian Workman Chief Technology Officer
Heather Christie Operations Director
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