The study found that those who exercised in groups at least twice a week were less at risk of cognitive impairment compared to those who exercised alone. Social exercisers reduced their risk of cognitive impairment by 34% when compared with those who didn’t exercise at all, while those who exercised alone only reduced their risk by 22%.

The findings highlight the particular benefits that social exercise has for older adults, suggesting that regular social exercise can act as a preventive measure against cognitive decline. Inactivity is a risk factor for dementia, while regular exercise with socialization has demonstrated positive effects on cognitive function and in some cases can modify the structure of the brain. 

FORME’s 1:1 Virtual Fitness Training Service

FORME’s virtual fitness service is accessible through iOS and Android apps, as well as its smart gym mirrors. The service provides users with personalized fitness plans, progress tracking, and importantly, accountability through the provided training sessions with personal trainers. 

Additionally, FORME allows users to choose their trainer based on his or her coaching style. This guarantees a tailored experience that aligns with the member’s individual preferences. So whether a user prefers a technical and analytical approach, a laid-back style, or a fun atmosphere, FORME has a trainer to support them and help them meet their fitness goals.

Following IPO, FORME’s Recurring Revenue Increases

The company has recently released its financial report for Quarter 1, 2023. It had one-off expenses related to its initial public offering (IPO), resulting in a net loss of $16 million, or $2.09 per diluted share, for Q1, compared to a loss of $12.7 million, or $43.81 per diluted share, year-over-year (YoY). 

The company seems to have demonstrated control over its expenses by reducing non-Generally Accepted Accounting Principles (GAAP) expenses by 62% YOY to $3.6 million, down from $9.4 million in Q1 2022. Its Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), also a non-GAAP measurement, was a loss of $4.4 million, a YoY improvement of $6.3 million.

According to Trent Ward, co-founder and CEO of FORME, the increase in recurring revenue reflects “the impact of our strategy to introduce higher revenue training services to our premium smart home gyms. We believe this focus on generating significantly higher recurring revenue per customer than our peers will be the biggest driver toward our future profitability.”

The company also secured a senior loan in June for up to $15 million. “When combined with the proceeds from the IPO, we believe the proceeds from the senior loan we signed this week should fund the Company well into 2024 and are a testament to the exciting business we are building,” said Ward.

To watch a video of FORME’s products in use, CLICK HERE!

Learn more about Interactive Strength Inc. by visiting its website. 

Featured photo by bruce mars on Unsplash.

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