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SHP's avatar

what are Equipment revenue please? They dont sell equipment? These are costs?

"Equipment revenue - includes equipment revenue for new studios, installation of equipment, and replacement equipment for existing studios."

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Paul Cerro's avatar

They do have equipment revenue. Last quarter was ~20% of sales. Equipment varies though because some of the brands they offer require little equipment (ex, Yoga6) and some would require a lot (ex, BFT, Rumble, etc.)

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SHP's avatar

ah thanks.. they mention it "Equipment Revenue – Sales of equipment to franchisees and related rebates".. so they have plenty of equipment on sale to their franchisees

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Paul Cerro's avatar

Yes, it is a part of the business and will continue to be a part as more franchisees open their studios around the world

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