Net income at the fitness company rose 57% to $2,522,000 from $1,606,000 for the period ended Mar. 31. Revenues rose 6% to $51,262,000 from $48,301,000. Gross margin expanded 90 b.p. to 46.6%, in part due to better product margins. NLS paid off $5.0 million worth of long-term notes in the first quarter.
Direct segment operating income climbed 38% to $3,028,000 on 11.5% ... Log in to view full article.
