If you are keeping score, mark down a point for yet another cycling company facing stiff headwinds post-pandemic, because according to SGB Media, Wahoo Fitness missed required debt service payments as of the 2nd of April. The news is only the latest bad news for Wahoo.
Going into the spring of 2022, American credit rating and risk analysis company Moody's Investors Service predicted that Wahoo would have a "negative free cash flow of around $30-$35 million" over the subsequent 12 months. This prediction was based on falling consumer demand as 2021 came to a close.
