Bodi

BODi and Telehealth Provider Dr. B Partner to Enable Pre-Tax Reimbursement for BODi Fitness Solutions in all 50 States

Retrieved on: 
Wednesday, May 1, 2024
Insurance, Human Resources, Finance, Fitness & Nutrition, Accounting, Telemedicine, Virtual Medicine, Professional Services, Health Insurance, Health, Statista, Telehealth, Medical necessity, CDC, Bodi, Holiday, Partnership, Letter, FSA, Patient, Health savings account, HSA, Multimedia, Longevity, COVID-19, Health insurance

The Beachbody Company, Inc. (NYSE: BODI) (“BODi”), a leading health and fitness company, announced today a strategic partnership with Dr. B , a leading telehealth provider that offers $15 online consultations for common conditions in all 50 states.

Key Points: 
  • The Beachbody Company, Inc. (NYSE: BODI) (“BODi”), a leading health and fitness company, announced today a strategic partnership with Dr. B , a leading telehealth provider that offers $15 online consultations for common conditions in all 50 states.
  • View the full release here: https://www.businesswire.com/news/home/20240501349885/en/
    BODi and Telehealth Provider Dr. B Partner to Enable Pre-Tax Reimbursement for BODi Fitness Solutions in all 50 States (Graphic: Business Wire)
    According to the CDC, in the US, the percentage of adults using telemedicine services in 2021 was 37%, with slightly more females (42%) using telemedicine than males (31.7%).
  • Qualifying members may receive reimbursement covering up to the entire cost of their BODi fitness solutions.
  • Dr. B’s $15 online consultations are available to those 18 and older in all 50 U.S. states and Washington, D.C.

The Beachbody Company Launches New Initiative Enabling Customers to Buy and Download Fitness Programs Like P90X and 21 DAY FIX Without a Subscription

Retrieved on: 
Tuesday, April 9, 2024
Other Consumer, Vitamins, Supplements, Women, Entertainment, Fitness & Nutrition, Online, Men, Health, Consumer, Multimedia, Bodi, DVD

The Beachbody Company, Inc. (NYSE: BODI) (“BODi” or the “Company”), a leading health and fitness company, announced today it will give consumers the ability to purchase its most popular fitness and nutrition programs without a subscription.

Key Points: 
  • The Beachbody Company, Inc. (NYSE: BODI) (“BODi” or the “Company”), a leading health and fitness company, announced today it will give consumers the ability to purchase its most popular fitness and nutrition programs without a subscription.
  • In order to meet the latent demand for access to its most popular fitness and nutrition programs – including P90X, 21 DAY FIX, LIIFT4 and BODi’s popular nutrition programs such as PORTION FIX and 2B MINDSET – the Company’s extensive catalog of branded programs will be available for purchase individually to all consumers.
  • View the full release here: https://www.businesswire.com/news/home/20240409169715/en/
    The Beachbody Company Launches New Initiative Enabling Customers to Buy and Download Fitness Programs Like P90X and 21 DAY FIX Without a Subscription (Graphic: Business Wire)
    BODi offers more than 134 renowned digital programs in every major fitness genre that will gradually become available for individual purchase over the coming months.
  • This new model is similar to the Company’s highly successful legacy DVD offers and will complement its successful subscription business.

The Beachbody Company (NYSE: BODI) Announces Amendments to its Term Loan

Retrieved on: 
Monday, April 8, 2024
Food, Beverage, Health, Retail, Fitness & Nutrition, Specialty, Bodi, Entrepreneurship, Security (finance)

The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading health and fitness company, today announced that it has amended certain financial covenants (and other terms) of its original $50 million term loan with Blue Torch Capital.

Key Points: 
  • The Beachbody Company, Inc. (NYSE: BODi) (“BODi” or the “Company”), a leading health and fitness company, today announced that it has amended certain financial covenants (and other terms) of its original $50 million term loan with Blue Torch Capital.
  • The loan balance as of this date has been reduced to $25.5 million.
  • As part of the amendment, BODi is paying down $4 million in debt, reducing the outstanding balance to $25.5 million.
  • The minimum liquidity covenant will be reduced by the same amount, from $22 million to $18 million.

The Beachbody Company, Inc. Announces Q4 and FY 2023 Financial Results; Expects Positive Cash Flow from Operating Activities and Free Cash Flow in Q1 2024

Retrieved on: 
Monday, March 11, 2024
General Health, Health, Fitness & Nutrition, Operating cost, Bodi, Nutrition, Total, Digital, Video game

We expect to have positive cash flow from operating activities and free cash flow in the first quarter.”

Key Points: 
  • We expect to have positive cash flow from operating activities and free cash flow in the first quarter.”
    Total revenue was $119.0 million compared to $148.2 million in the prior year period and exceeded the high end of the guidance range.
  • Operating loss increased by $12.2 million to $60.4 million compared to an operating loss of $48.1 million in the prior year period.
  • Operating loss decreased by $62.2 million to $141.0 million compared to an operating loss of $203.2 million in the prior year.
  • Total cash used in operating activities minus the purchase of property and equipment, which we call free cash flow, was $29.1 million compared to $73.7 million in the prior year.

The Beachbody Company, Inc. to Change Ticker Symbol to “BODI” on March 4

Retrieved on: 
Friday, February 23, 2024
General Health, Fitness & Nutrition, Health, Other Health, CUSIP, Bodi

The Beachbody Company, Inc. (NYSE: BODY) (“BODi” or the “Company”), today announced that its Class A common stock will begin trading on the New York Stock Exchange (“NYSE”) under the new ticker symbol “BODI” prior to the market open on March 4, 2024.

Key Points: 
  • The Beachbody Company, Inc. (NYSE: BODY) (“BODi” or the “Company”), today announced that its Class A common stock will begin trading on the New York Stock Exchange (“NYSE”) under the new ticker symbol “BODI” prior to the market open on March 4, 2024.
  • This will replace the company’s current ticker symbol, “BODY”.
  • This new ticker symbol aligns with the company’s rebrand from Beachbody to BODi, announced on March 9, 2023.
  • The Company’s Class A common stock, par value $0.0001 per share, will continue to be listed on the NYSE and the CUSIP will remain unchanged.

The Beachbody Company Celebrates Second Annual World Health Esteem Month This January

Retrieved on: 
Tuesday, January 2, 2024
General Health, Fitness & Nutrition, Health, Other Health, Statistics, Motivation, Habit, Bodi, Exercise, Punishment, New Year's, Social media, The Beachbody Company, Life

To help start the year off with a dual focus on a positive mindset and the motivation to pursue life changing results in the new year, The Beachbody Company, Inc. (NYSE: BODY) (“BODi” or the “Company”), a leading subscription health and fitness company, announced today its celebration of World Health Esteem Month in January.

Key Points: 
  • To help start the year off with a dual focus on a positive mindset and the motivation to pursue life changing results in the new year, The Beachbody Company, Inc. (NYSE: BODY) (“BODi” or the “Company”), a leading subscription health and fitness company, announced today its celebration of World Health Esteem Month in January.
  • As an additional bonus during World Health Esteem Month, BODi is rewarding all new subscribers who purchase a one-year subscription with a second year for free.
  • “World Health Esteem Month is about helping people feel good about themselves at the same time they pursue life-changing results,” said Carl Daikeler, CEO of The Beachbody Company.
  • There is no guilt, shame or blame to pursuing self-improvement with Health Esteem.

Super Trainer Shaun T Brings New 12-Week Weightlifting Program to BODi; Launches “DIG DEEPER,” to Achieve Incredible Body Recomposition Transformation

Retrieved on: 
Tuesday, December 19, 2023
Men, Entertainment, General Health, Family, Consumer, General Entertainment, Teens, Fitness & Nutrition, Celebrity, Women, Licensing (Entertainment), Health, DIG, Multimedia, Weight loss, Bodi, HIIT, Super, Rest, Stunning, Megan Davies, Social media, Lightning, Body composition, Facial muscles, Teaching, Lifting, NP-hardness

View the full release here: https://www.businesswire.com/news/home/20231219245384/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231219245384/en/
    Super Trainer Shaun T Brings New 12-Week Weightlifting Program to BODi; Launches “DIG DEEPER,” to Achieve Incredible Body Recomposition Transformation (Photo: Business Wire)
    Shaun T has a legacy of high-intensity cardio training but changed his body and his mindset when he challenged himself with weightlifting to rehabilitate a shoulder injury in 2022.
  • He developed DIG DEEPER, the ultimate lifting program featuring low-impact moves and intensive strength training, with one day a week of (optional) moderate cardio – all aimed to achieve an incredible body recomposition.
  • With DIG DEEPER and body recomposition, you’ll gain muscle and lose fat simultaneously, leading to a leaner, stronger, healthier and more powerful body.
  • Participants can choose to follow the recommended ‘ultimate body recomposition’ 12-week calendar or use the Collections independently.

BODi Helps End After-Dinner Suffering This Thanksgiving

Retrieved on: 
Wednesday, November 22, 2023
Fitness & Nutrition, Health, Meal, The Beachbody Company, NYSE, Perspiration, Gordon's functional health patterns, Eating, Food, Exercise, Multimedia, Human, Science, Movement, Preview, Bodi, Peristalsis, Insanity, Digestion, Sport, Fitness

View the full release here: https://www.businesswire.com/news/home/20231122425842/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231122425842/en/
    BODi helps end after-dinner suffering this Thanksgiving with free access to 10-minute digestion workout.
  • According to The Center of Functional Health, moving after eating helps with digestion.
  • That might sound obvious, but science has found that exercise can actually speed the rate at which food is digested.
  • BODi Previews also offers unlimited free access to over $59 of content – including over 120 workouts like P90X, 21 Day Fix, Insanity and #MBF/Muscle Burns Fat with no credit card required.

The Beachbody Company, Inc. Completes Reverse Stock Split

Retrieved on: 
Tuesday, November 21, 2023
Vitamins, Supplements, General Health, Fitness & Nutrition, Health, NYSE, Security (finance), Public expenditure, CUSIP, Bodi, The Beachbody Company

The reverse stock split reduced the number of issued and outstanding shares of the Company’s Class A common stock from 177.81 million to 3.56 million and the number of issued and outstanding shares of the Company’s Class X common stock from 136.45 million to 2.73 million.

Key Points: 
  • The reverse stock split reduced the number of issued and outstanding shares of the Company’s Class A common stock from 177.81 million to 3.56 million and the number of issued and outstanding shares of the Company’s Class X common stock from 136.45 million to 2.73 million.
  • No fractional shares were issued as a result of the reverse stock split.
  • The reverse stock split affects all stockholders uniformly and does not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
  • Stockholders owning shares of the Company’s common stock via a bank, broker, or other nominee will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take further action in connection with the reverse stock split, subject to such intermediary’s particular processes.

The Beachbody Company Launches First-Ever “BODi Previews” Tier

Retrieved on: 
Wednesday, November 15, 2023
Health, Technology, Fitness & Nutrition, General Health, Vitamins, Supplements, Internet, Microsoft Partner Network, The Beachbody Company, NYSE, Multimedia, Market, Bodi, Taste, Mobile phone, Amazon

The Beachbody Company, Inc. (NYSE: BODY) (“Beachbody” or the “Company”), a leading subscription health and wellness company, today launched “BODi Previews,” a new subscription tier for interested prospects to sample over $59 worth of BODi content free of charge.

Key Points: 
  • The Beachbody Company, Inc. (NYSE: BODY) (“Beachbody” or the “Company”), a leading subscription health and wellness company, today launched “BODi Previews,” a new subscription tier for interested prospects to sample over $59 worth of BODi content free of charge.
  • By providing a taste of the powerful content that BODi offers, the company anticipates an expansion of its user base and a subsequent increase in subscription revenue.
  • This strategic move underscores BODi's commitment to financial sustainability, the creation of shareholder value, and helping its customers achieve their goals.
  • BODi Previews is not only about expanding our reach; it's about reaching more people while also driving revenue streams that support our long-term vision," Carl Daikeler, co-founder and CEO of The Beachbody Company said.