Nautilus Beats, Says Retail Segment Revenues Increased 89% In Q2

Shares of Nautilus, Inc. NLS were flat after hours following a Q2 earnings beat.

The consumer fitness company reported Q2 EPS of $0.12 versus consensus estimates of $0.09. Revenues for Q2 were $78.5 million versus estimates of $77.83 million, up 32 percent year-over-year.

Retail Net Sales for Q2 were $32.9 million, a year-over-year increase of 89.1 percent. Royalty revenue ticked up to $700 thousand compared with $600 thousand last year.

CEO Bruce Cazenave said, "As we enter the back half of the year, we are well positioned for more growth with a number of new product introductions and increased market penetration secured in the Retail segment. Our focus on product innovation and channel diversification will provide the foundation for continued growth in market share both domestically and internationally."

Shares of Nautilus closed Monday's session down $0.40 or 2.12 percent to $18.44