
Nautilus, Inc. (NYSE:NLS) reported a fourth-quarter net sales decline of 41.9% year-over-year to $119.72 million, missing the consensus of $121.57 million.
The gross margin fell by 2,084 bps to 17.5%, reflecting increased product costs, logistics, and discounting (-16 ppts) and increased investments in JRNY (-5 ppts).