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BODY....................https://stockcharts.com/h-sc/ui?s=BODY&p=W&b=5&g=0&id=p86431144783
BODY.........................https://stockcharts.com/h-sc/ui?s=BODY&p=W&b=5&g=0&id=p86431144783
Investor can move to meta investment & development . its time to pull up yourself
Vist us :https://www.metappfactory.com/
yup.. took a while for shorts to have their going at capitulation but provided big time.. ;))
$body, it could climb up with ma200 aka 3.4++
and start a real uptrend down the road
Sooo good to watch this !!
EOY 2021- Earnings Call Transcript- The Beachbody Company, Inc. ($BODY) CEO Carl Daikeler on Q4 2021 Results
https://seekingalpha.com/amp/article/4492142-beachbody-overlooked-and-undervalued
Beachbody: Overlooked And Undervalued
Mar. 02, 2022 8:27 AMPTON
Summary
Beachbody was taken public last year via a SPAC and has dropped precipitously since its initial listing.
Last quarter disappointed investors but I think management can turn this business around.
Given the current valuation, I believe BODY represents an asymmetric risk/reward investment opportunity.
Woman working out with weights while exercising in home
Thomas Barwick/DigitalVision via Getty Images
The Beachbody Company, Inc. (BODY) was a company founded before 2000 that was recently taken public via a SPAC and has taken a beating partly because of the general disfavor for SPACs by the market.
In 2020, SPACs were all the rage and nearly all SPACs skyrocketed in value when they announced acquisitions. These vehicles were viewed as a quicker and simpler mechanism to take a company public as opposed to going the traditional initial public offering route. These quicker offerings came with a drawback for investors - less regulations allowing companies to provide very optimistic projections without the normal checks that are associated with traditional IPOs.
As a result, nearly half of startups that went public via a SPAC with less than $10 million in annual revenue have failed, or are expected to fail, to meet their 2021 revenue or earnings targets that they provided to investors. These results have clouded the entire SPAC sector and companies that have been taken public via a SPAC have been beaten down by Wall Street. BODY has surely had its own missteps but I believe BODY has been pushed further down because of this general negative sentiment to all SPACs currently.
Beachbody stock
Data by YCharts
Company Overview
Beachbody has been on my radar since my cousin and I would do P90X videos before high school. Tony Horton was our introduction to fitness and started our lifelong passions for it. The company was founded more than 24 years ago and has evolved greatly since then.
Beachbody operates several business segments which are complementary: Beachbody, Openfit, Myx and its nutritional business.
Beachbody
Beachbody was the company's original business and consists of their programs, such as P90X, Insanity and 21 Day Fix that are available through a digital subscription offering.
Openfit
Openfit is a personalized nutrition programming and tracking app with live group classes. In September of 2020, Openfit acquired Ladder, a nutritional products company that was founded by LeBron James and Arnold Schwarzenegger.
Myx
Myx is BODY's newest business segment and consists of an interactive fitness platform that provides commercial grade stationary bikes and accessories and on-demand subscription-based instructor-led fitness classes. This segment is a direct competitor to Peloton Interactive (PTON).
In addition to these business segments, BODY sells a nutritional shake, called Shakeology, which accounted for roughly 30% of BODY's revenues in the last quarter.
Q3 2021 Report
In the latest quarterly report, BODY did not perform as well as analysts had expected and the stock sold off substantially. BODY reported revenue of $207.05M and GAAP EPS of -$0.13 per share. Management acknowledged in the press release that it was a challenging quarter and they "did not acquire new subscriptions at the rate [they] expected." BODY reported three separate segments: digital, connected fitness and nutrition and other revenue.
Digital Revenue
Digital revenue decreased 5% compared to 2020 and increased 38% compared to 2019. However, it added 1% to its digital subscribers with 2.64 million (a 55% increase compared to 2019). Additionally, digital retention on a month-over month basis was 95.6% (a 50-basis point increase).
Connected Fitness Revenue
Connected fitness revenue was $5.9 million in the quarter, compared to none in 2020 because that preceded the Myx Fitness acquisition. In the quarter 14,700 bikes were sold. However, it is important to note that because of BODY's accounting methods, it only recognizes revenue when the bikes are delivered and only 44% of those bikes were delivered. Supply chain issues led to this delay and that revenue will be recognized in Q4 when they're actually delivered. Additionally, the subscription revenue associated with those bikes will also start to trickle in each month.
Nutrition and Other Revenue
Nutrition and other revenue was the segment with the biggest decline, decreasing 29% compared to 2020 and 16% compared to 2019. One reason for this decline is that BODY relies on trainers that act as independent contractors and sell supplements through events. Because of COVID's impacts, these events have been canceled and this segment has taken a hit as a result.
Most investors and analysts believe that BODY is similar to PTON in that it would perform better during a COVID surge because less people would go into a gym and would prefer at-home workouts. However, these events are big revenue drivers for BODY so it has a diversified business model that can thrive in both types of environments. Additionally, as BODY begins to get more subscribers, it has an opportunity to sell them on the nutritional products, which can reinvigorate this category for BODY.
It is worth noting that many major companies from Facebook (FB), to Snapchat (SNAP) and PTON noted that Apple's (NASDAQ:AAPL) iOS 14.5 changes proved challenging and increased their marketing costs while simultaneously making them less efficient. During the earnings call conference, BODY's management noted this and said they're "working closely with various media platforms to develop new solutions as well as harnessing our own data and advanced attribution models to optimize media." Fixing this issue can greatly improve BODY's return to profitability.
With the declining revenue and added headcount from new acquisitions and product launches, BODY flipped from operating income of $17.87 million in the same period last year to a loss of $71.82 million last quarter. However, I think BODY can reverse this and stoke revenue growth from their new launches and use their ad dollars more effectively once they figure out the impacts from the new iOS update. The new product category of having the bike will bring new customers to the platform and help their flywheel of cross-selling nutrition products. Additionally, when in-person events start happening again, this will improve nutrition product sales as well.
Cash
As of September 30, 2021, BODY had approximately $200 million of cash on its balance sheet and $32 million of borrowing capacity available under their credit facility. In the nine months ended in September 30, 2021, BODY used $139 million in cash for operating activities and $108.35 million in investing activities. Those are staggering figures and make one think they would run out of cash soon when extrapolating out those figures. However, when you dig into them further, the figures aren't so scary.
Of that $139 million in cash used for operating activities, $71.2 million represented a net change in operating assets and liabilities, consisting of a $68.8 million increase in inventory, a $22 million increase in content assets and a $5.6 million increase of other assets (which was partially offset by a $27.1 million increase in deferred revenue). Additionally, BODY prudently invested in Myx and Ladder and those investments reduced cash flow by approximately $108.35 million. Finally, management is being prudent and given the pivot to work from anywhere, it has assigned the three years of its Santa Monica office lease, saving approximately $5 million in 2021 and $9 million annually through 2025. BODY is not as cash flow negative as the headline numbers suggest.
BOD Interactive
Another reason that earnings were not as good as analysts had projected was the delayed launch of BOD Interactive or BODi. This is an additional premium subscription that can be purchased on top of Beachbody on Demand and provides an immersive personalized experience. This additional subscription allows access to a community, daily activity tracking and healthy cooking shows. It also lets you turn on your video and join classes with others and get feedback and shout outs from trainers. For those who crave workouts with others, they can subscribe to BODi. Management described the upside well in the earnings call:
With the launch of BOD Interactive in late October, we now have a powerful lever to drive acquisition, upsell and increase lifetime value with an offering that replicates the immersive and personalized experience of boutique fitness classes in a digital context.
Because this product was not ready and included interactive cycling content, BODY did not promote their bike across campaigns. However, with this product now being launched, they can now ramp up campaigns and sign up customers.
Beachbody website
Source: Beachbody
Valuation
With BODY's precipitous decline since its SPAC, it currently trades with an enterprise value of just $419 million, down from over $3 billion from when it first started to trade. With total revenue guidance of between $820 million to $830 million in 2021 and 75% of that revenue coming from subscription-based revenue products, BODY presents as an exceptional value.
Beachbody stock valuation
Data by YCharts
Moreover, if you look at its balance sheet, the picture only gets rosier. BODY has no debt with a nice cash position of approximately $200 million. Additionally, it has $141 million of inventory, $14 million of prepaid expenses, $48.5 million of other current assets as well as $115.4 million of property and equipment. On the liability side, it has current liabilities of $277.67 million, with deferred revenue constituting the largest segment with $127.89 million. Additionally, its largest long-term liability was its lease, at approximately $24 million, which as discussed earlier, will be removed since it assigned that lease.
Beachbody balance sheet
beach body 10Q
Source: 10-Q
Finally, it is worth mentioning that BODY has approximately $20 million of warrant liabilities on their balance sheet, which are from its SPAC transaction. Each of these warrants are exercisable at a price per share of $11.50, subject to adjustments. These warrants are pretty far out of the money right now and have less than 5 years remaining on them before they expire.
There are a total of 15,333,333 warrants outstanding that could be converted into Class A common stock if exercised. With the current trading range of only $0.258 per warrant, the market is betting that these warrants will expire unexercised, and if that occurs, this warrant liability will be extinguished. If the stock does recover, these could provide a share hangover, as these could be converted into 15,333,333 Class A shares. Regardless, if you invest at these levels and the stock broaches the $11.50 level, I think most investors would be fine with the dilution after that return.
Money TMX
Source: Money.tmx.com
When comparing BODY to its most direct competitor, PTON, BODY is trading at roughly 1/4th of its price-to-sales ratio. Sure, PTON is a larger company with more revenue and brand value, but I do not think it warrants such a large divergence in the trading range.
Peloton vs Beachbody PS ratio
Data by YCharts
Furthermore, BODY has a notable edge over PTON - its revenue consists of 75% subscription revenue while PTON's is just under 30%. Subscription revenue with a high retention rate is really valuable and a potential acquirer would view this very favorably.
Conclusion
BODY has been a terrible investment since its SPAC and has rightly been chastised by the market. However, I think the selloff has been overdone and believe BODY represents and asymmetric risk/reward opportunity.
This article was written by
Jeffrey Himelson
Jeffrey Himelson
2958 Followers
Jeffrey Himelson is a corporate lawyer practicing in NYC, and is the CIO for JBH Capital. He previously worked as a research analyst at a hedge fund and graduated from Columbia Law School in 2017. He is best known on Seeking Alpha for his article "The Trade That Netted Me More Than a 2000% Return."
$BODY $PTON
Free Trading Float -90 mils $BODY
Data provided by
https://fintel.io/so/us/body ,
https://whalewisdom.com/stock/body
and https://www.marketscreener.com/
Per Q3 SEC file, disclosure:
https://www.otcmarkets.com/filing/html?id=15356293&guid=AeSwk6rtmHekech
The number of shares of the registrant’s Share
Class A = 168,218,173 aka 168.2 Mils
Institutional Shares = 59 Millions Common A
Insiders + awards = 22 Mils of Common A shares
Total insiders + Institutional Holds = 81 Mils on a 168 Mils common A outstanding
OS - (instit+ insiders) = 168 - (59+22) = 87 Mils Public Float
>>>>> Free Trading Float is about 90 millions of less
Class X = 141,250,310, 94% owned by CEO // non traded// restricted
CEO also disclosed he has 0% ownership in Common A
Short interest on daily volume above 60% for the past few months since going public.
https://stocksera.pythonanywhere.com/ticker/short_volume/?quote=BODY
The Beachbody Company, Inc. BODY Earnings Call Transcript CEO Carl Daikeler on Q3 2021 Results -
Nov. 15, 2021 11:54 PM ETThe Beachbody Company, Inc. (BODY)
Call Start: 17:00 January 1, 0000 5:53 PM ET
The Beachbody Company, Inc. (NYSE:BODY)
Q3 2021 Earnings Conference Call
November 15, 2021 17:00 ET
Company Participants
Edward Plank - Vice President of Investor Relations
Carl Daikeler - Co-Founder, Chairman & Chief Executive Officer
Sue Collyns - President & Chief Financial Officer
Conference Call Participants
John Heinbockel - Guggenheim
Linda Bolton Weiser - D.A. Davidson
Jonathan Komp - Baird
Implying the Market Cap is Displayed Wrong, on most financial site, like Yahoo or Finviz, when it comes to $BODY and the only True Data is avail on OTC Markets site, as I see it.
Per Q3 SEC file, disclosure:
https://www.otcmarkets.com/filing/html?id=15356293&guid=AeSwk6rtmHekech
The number of shares of the registrant’s Share
Class A Common Stock, was 168,218,173,
Class X Common Stock, was 141,250,310, as of November 10, 2021.
All good unless the Class X shares, wouldn't be RESTRICTED from trading under special CHARTER covenants, (see pic ), they make a class of their own therefore NOT Common A so why are they DISPLAYED as part of OS (a larger one)
With 168 mils Correct OS of common A shares // Market Cap = 350 mils @2/share
Annual Rev = 830+mils / by 168 mils OS = about 5/share for the MK to be at PAR, with no trading multiplier
Got it?
Most data is bad on both Yahoo and finviz and others, the short interest the insiders holdings, institutional and all.
One need to look for himself for good information on this company when study it.
https://finance.yahoo.com/quote/BODY/key-statistics/
https://finviz.com/quote.ashx?t=body
https://www.otcmarkets.com/stock/BODY/security
$BODY shorts and #offexchage trades:
Over the past 30 days, the average #Short Volume has been 62.67%.
https://chartexchange.com/symbol/nyse-body/stats/
$lulu $pton $body $fxlv $nls $ifit $nke $lth $xpof
What are u implying ? I m confused
168,218,173 outstanding shares of Class A Common Stock on November 10, 2021
and the Class X Common Stock,of 141,250,310, as of November 10, 2021.
https://www.otcmarkets.com/stock/BODY/security
Beachbody CEO holds most of his stake as RESTRICTED Class X shares, and zero common A's.
https://www.sec.gov/Archives/edgar/data/1826889/000119312521210943/d173696dsc13d.htm
Institutions and the CEO of OpenFit hold a pretty good chunk of the Common A's
Can you imagine how low the float is knowing there are some LONG retail holdings below disclosure threshold and a bunch of NAKED shorts??
This is Having a negative multiplier Market Cap factor on the 800 million plus in annual Revenues
wow
When Sector stands at 3x or 8x Market cap multiplier..
a fair market valuation correction should take the price per share at 20+ in a snap, as it would be 5/share only to get to PAR of revenues.
800 mils MK/ 168 OS = 4.75/share at par
is sitting at 400 mils MK for now.
$BODY shorts and #offexchage trades: https://chartexchange.com/symbol/nyse-body/stats/
$lulu $pton $body $fxlv $nls $ifit $nke $lth $xpof
Info on $BODY Share Structure// insiders ownership disclosure: Class A & Class X /non-tradable and Restricted.
I was checking and double checking the no of shares that are reported on different financial venues, for Outstanding Shares count:
Yahoo Finances: https://finance.yahoo.com/quote/BODY/key-statistics/
Shares Outstanding 5 168.22M
Implied Shares Outstanding 6 309.47M
or Finviz: https://finviz.com/quote.ashx?t=body
Shs Outstand 304.60M
They assume the large pool of management RESTRICTED shares, (namely the common X) as fully diluted even tho they do NOT make part of issued and OS common A's
The only Venue that seems to get the FACTS straight is OTC Markets.com
https://www.otcmarkets.com/stock/BODY/security
168,218,173 outstanding shares of Class A Common Stock
as on November 10, 2021
is a huge difference on reported % ownership and all others ratio's Finviz and yahoo have if using implied fully diluted shares as Outstanding reported at 300 mils that puts the MK @ 700 mils
the Q3 reporting and Otc market disclosures are using the OS as it is mainly commons A available and issued into the market, for 168 mils which puts the MK at 400 mils see huge difference..
for Company with 800 mils in annul Revs to have a Market Cap of 400 mils
So where the confusion comes out?..
Let's have a look at the fillings!!
Stockholders' equity: Q3 sec file: https://www.otcmarkets.com/filing/html?id=15356293&guid=_CSwkK1YE6yJnch
Microsoft partner https://www.microsoft.com/en-us/partner-benefits
$BODY #OpenFit
Sure, so a bank can be replicated, or Netflix model, what's your point?
I'll be watching them expanding worldwide replicating those 800 mil revenues per year with no debt.
They produce about 130 new programs and video content each month, on Bodi, and about 100 on Openfit Platform, that's being added to their subscription library.
Bod subscription 99/year
Bodi live interactive subscription 19.95/month
OpenFit subscription at 8/month
And all this is without saying, about 80% or their recent hires is in technology and come from Microsoft, Blizzard, Disney, EA, Hulu or Riot games.
$BODY
nothing special here, anybody could duplicate BODY.
I SAY SELL. WE'RE HEADING MUCH MUCH LOWER.
Awesome info.. that sums up entire evolution and future direction of company.
Thank you for taking the time to do that.. is quite a read on $BODY
I mean judge all things from this perspective.
Fitness is not a game Online shopping is something else / financial services is neither .. so all have their own specific rewards vs engagements systems in place.. offered to participants.
while I am not entirely sold on where this metaverse wants to take humanity as a whole in the future, fact is monetizing digital world would demand consumers to spend money twice.
on Themselves and in the Cloud?
Last time I check dreaming was still free, real time consciousness interaction is available for those who are masters of themselves.
But that's another story.
Imo Beachbody is standing at the confluence of taking care of the bodies, real bodies, focusing on health/ fitness and well being of an individual self not only the avatar, while maintaining a tech forward approach to it.
Can a human only consume bits and dots., discounting all else?
I truly doubt it!
15 page Deep Dive on $BODY, gaming, and the Metaverse: AKA a Partnership with Microsoft
https://docs.google.com/document/d/1hoWKBI2StKrGVMDSTjs95F_4PMvKBCG_R2J7Lv2kdXA/edit?usp=sharing
15 page Deep Dive on $BODY, gaming, and the Metaverse: AKA a Partnership with Microsoft
https://docs.google.com/document/d/1hoWKBI2StKrGVMDSTjs95F_4PMvKBCG_R2J7Lv2kdXA/edit?usp=sharing
Growing pains and being attacked by novice traders is all. Wait for the big institutions to jump on board. 99% haven't noticed it even exists as a publicly-traded company.
Okay, but if company is run bad, not going to help stock prices. In a few months it’s down 80%
Believe in the product, the service, and the people. Nothing else is better in the market than shakeology. Understand how special all the trainers are and how they dedicated their lives to this industry.
wow Game Stopper
Just found out that Kathy Vrabeck a $GME Lead Board Director
with a tenure of 9 years.. was hired by Beachbody as chief strategy officer, few months ago.
Funny that $BODY left this info out, when presenting her, mainly for the involvement with $EA and Blizzard
Maybe for them is more relevant that info, in regards with the meta direction than the game stop recent action.. either or this ticker needs more exposure
""She has also served as the president of casual entertainment at Electronic Arts, as well as executive vice president at Activision and president of Activision Publishing, where she led the development of hit video game franchises.""
see pr: https://www.businesswire.com/news/home/20210512005937/en/The-Beachbody-Company-Names-Kathy-Vrabeck-Chief-Strategy-Officer
see pr https://www.mediaplaynews.com/gamestop-shakes-up-board-kathy-vrabeck-to-become-board-chair/
GameStop Shakes Up Board; Kathy Vrabeck to Become Board Chair
March 9, 2020
Fiscally challenged GameStop March 9 announced the appointment of three new members to its board, including Reginald Fils-Aimé, William Simon and James Symancyk.
Kathy Vrabeck, the gaming retailer’s lead director, will become board chair.
Around 0.30 cents? Or $3.00 . I’ve been crushed in this piece of crap. Still not sure why I tried with a MLm
OpenFit is a new Brand that just Launched in 2020.. so is young and growing.
Beachbody co-founder Jon Congdon launches digital health and fitness platform Openfit
via: Healthclubmanagement https://www.healthclubmanagement.co.uk/health-club-management-news/Beachbody-co-founder-Jon-Congdon-launches-digital-health-and-fitness-platform-Openfit/343623
The Beachbody Company Brings Openfit Fitness Content to 80 Million Monthly Active Google TV and Android TV™ Devices
Tue, November 16, 2021, 4:00 PM
https://www.prnewswire.com/news-releases/the-beachbody-company-brings-openfit-fitness-content-to-80-million-monthly-active-google-tv-and-android-tv-devices-301425398.html
"As the capabilities of smart TVs continue to expand, we believe they will become the center of the in-home wellness movement. Our Openfit two-way video capabilities, integrated heart rate monitoring, and gamification pave the way for us to maximize the partnership with technology leaders like Google TV."
Google TV and other Android TV users will have a way to engage with Openfit's all-in-one digital fitness,
https://tv.google/
https://www.android.com/tv/
OpenFit is also marketed in Canada on Tellus
Available as a Theme Pack option in your Optik TV package, or on its own for $8/mo.
Access Openfit through your Optik digital box on channel 350.
https://www.telus.com/en/tv/specialty-options
https://www.telus.com/en/shop/home/product/openfit-mediaroomtv-hs2-0
OpenFit vs. $iFit
via: US News & World Report
https://health.usnews.com/wellness/fitness/articles/openfit-vs-ifit
Openfit and Concierge Health Announce At-Home Exercise Incentives
Concierge Health’s 150 million health insurance policy holders and corporate wellness program members can now receive credit for working out with digital fitness platform, Openfit
Openfit and Concierge Health Announce At-Home Exercise Incentives
via: Businesswire
https://www.businesswire.com/news/home/20210609005208/en/Openfit-and-Concierge-Health-Announce-At-Home-Exercise-Incentives
GlobalFit
https://www.globalfit.com/gyms-and-more/openfit
Openfit | GlobalFit
via: Globalfit
Openfit Premium Digital Fitness + Wellness Subscription - Sam's Club
via: Sam's Club
https://www.samsclub.com/p/openfit-at-home-workout-subscription/prod25840207?xid=plp_product_1
That's a lot of exposure.. give it time to market .. winter months are coming, and the Value is Unbeatable!!
https://vimeo.com/557698085
Openfit? Launches for LA Fitness - Only $5/Month for Members
Add personalized nutrition plans and on demand workouts to your membership for just $5/month. See your club's front desk to purchase Openfit® for just...
Fitness International to provide its members with Openfit, the all-in-one digital fitness, nutrition and wellness platform
LA Fitness, Esporta Fitness and City Sports Club members can add Openfit® to their membership for an exclusive monthly rate
NEWS PROVIDED BY
LA Fitness
Apr 27, 2021
https://www.prnewswire.com/news-releases/fitness-international-to-provide-its-members-with-openfit-the-all-in-one-digital-fitness-nutrition-and-wellness-platform-301277399.html
Welcome to Openfit® + Esporta Fitness
https://vimeo.com/557698553
Welcome to Openfit® + City Sports Club
https://vimeo.com/557699088
OpenFit is working with $AMZN Amazon Halo
https://www.businesswire.com/news/home/20210609005208/en/Openfit-and-Concierge-Health-Announce-At-Home-Exercise-Incentives
Again lots of exposure, on corporate package deals, like Amazon Halo
https://www.amazon.com/b?node=23432473011&ref_=ods_hvdp_mempack
$BODY
$GOOG $GOOGL
$AMZN Amazon Halo
$Ifit
$BODY, Look into what tech giants) are doing, and how big this connected fitness sector is about to get, to even think about dumping for a small profit only a few days after IPO.
This is a long term vision.
https://raine.com/investment/
Your opinion is off, per fillings, initial pipe insiders have a lock up period, (see pic & filings) is set to 2022 and min price conditions.
I am rather look into shorting, options plays for the recent price drop
BODY Short Volume Summary (not Short Interest)
Today's Short Volume is 736,034, which is 61.43% of today's total reported volume.
Over the past 30 days, the average Short Volume has been 65.29%.
https://chartexchange.com/symbol/nyse-body/stats/
If you follow the company recent activities the are ramping up all departments.
In a quiet period as far as investors communications.
Expected other portfolio additions / sector consolidation through M&A
They hired one of the best M&A legal support and took key managerial staf from competition.
The Beachbody Company Names Blake Bilstad Chief Legal Officer https://investors.thebeachbodycompany.com/news/news-details/2021/The-Beachbody-Company-Names-Blake-Bilstad-Chief-Legal-Officer/default.aspx
Former $WWE Exec ++
Mergers and Acquisition Expert
The Beachbody Company Appoints Jean-Michel Fournier to Lead Global Partnership and International Development Efforts
November 1, 2021
https://finance.yahoo.com/news/beachbody-company-appoints-jean-michel-203000892.html
see company filling for th lockup conditions
Institutional ownership to date by whale wisdom https://whalewisdom.com/stock/body
They will take your $ and you'll be standing around confused.
Initial owners dumped hard into this IPO/ via chart. Will be watching for a reversal around .30.
Beachbody Company In (BODY)
4.98 ? 0.4 (8.73%)
Volume: 1,471,367 @11/12/21 7:38:12 PM EST
Bid Ask Day's Range
- - 4.61 - 4.9
BODY Detailed Quote
Must love the opportunity here:
Beachbody Company In (BODY)
4.98 ? 0.4 (8.73%)
Volume: 1,471,367 @11/12/21 7:38:12 PM EST
Bid Ask Day's Range
- - 4.61 - 4.9
BODY Detailed Quote
Look who's promoting just now: https://m.facebook.com/story.php?story_fbid=1317384952032602&id=100059677474279&_rdr
$body
Thank you. Is on basement prices as well ;)
send a thx letter to dark pools / and shorts
https://chartexchange.com/symbol/nyse-body/stats/
WOW DD MY FRIEND $BODY
RE;
BODY
Info shared/credited from/to ST
Mindfulandfit
Bullish
11/9/21, 11:39 PM
$BODY
the bottomed out metaverse play you need to get into.
Meta just purchased Within, the creators of Supernatural and Wonderscope. These will be the fitness and kids communities built into the platform.
$BODY
’s connection to these two companies:
1. The Raine Group was a seed investor in Within, and the Co-Founder of Raine (John Salter) is on the Board at
$BODY
, and his firm owns 7% of the company.
2. Legendary Pictures invested in the seed round of funding for Within. Kathy Vrabek is
$BODY
’s Chief Strategy Officer and is the former President of Legendary Digital.
3. Daniel Kamerling is the Product Manager for Developers at Oculus, the company Meta acquired to make their VR campaign run. He now teaches developers how to build programming for Meta. He was formerly at Google, Riot Games, and Beachbody. The connection between Body and Riot will be unpacked with the rest of the DD in the comments.
Quote:
Note: BODY and Riot games are sharing the is the same office building, as as Sept 2021, Santa Monica is plugged in with video game developers and major esports operators. Sources told Commercial Observer that Riot Games is set to sublease about 131,000 square feet from The Beachbody Company
.
https://angelino.news/riot-games-is-sublet-starwoods-santa-monica-office-from-beachbody-commercial-observer/?doing_wp_cron=1636528712.8751280307769775390625
Mindfulandfit
11/9/21, 11:40 PM
Connections between
$BODY
and the gaming industry and AI/VR/AR
*Matthew Halpern: Carl’s Chief of Staff and Sr. VP of Beachbody since 2013. He is the person who helped Carl champion the BOD digital pivot in 2015 and he’s the person researching and building out plans for international expansion. What was his MA (in Anthropology) thesis on? The Culture and Communities of Online Gaming.
*Irfan Ranmal - Executive VP of Data, Analytics and Consumer Behavior was formerly with Activision, Hulu and Disney.
https://www.linkedin.com/in/irfan-ranmal-2b107611/
*Paul Johnson is currently the Strategic Finance Analyst at Riot Games. He was hired just after the FRX/BODY merger and just before Riot sublet office space from Beachbody.
*CT Rhude was Director of Engineering at
$BODY
and is now the Director of Engineering at Riot Games.
*According to Zipia, employees most often leave Riot Games for Beachbody
https://www.zippia.com/riot-games-careers-36774/
1
Mindfulandfit
11/9/21, 11:41 PM
Multiple built out Beachbody webpages that are not active on Google but are searchable on Google. They are associated with two companies: Quepellin, and Visionary Rentals. Both of which are in business dev related to AR/VR.
https://www.queppelin.com/ar-js-for-webar/
*Beachbody and Myx have hired Sweatworks to build hardware for the Bike. As of today, the CEO of Sweatworks announced his company is working with 5 active brands to build out custom AI Vision Based Features (presumably as an addition to BODi) in 2022.
Note: CEO, SweatWorks at the World Health, Fitness & Wellness Week 2021, Interview
The Beachbody Company, Inc. Announces Third Quarter Fiscal 2021 Earnings Release Date, Conference Call and Webcast
https://finance.yahoo.com/news/beachbody-company-inc-announces-third-203000662.html
$BODY
Connected dots on #MetaVerse developments
BODY
Info shared/credited from/to ST
Mindfulandfit
Bullish
11/9/21, 11:39 PM
$BODY
the bottomed out metaverse play you need to get into.
Meta just purchased Within, the creators of Supernatural and Wonderscope. These will be the fitness and kids communities built into the platform.
$BODY
’s connection to these two companies:
1. The Raine Group was a seed investor in Within, and the Co-Founder of Raine (John Salter) is on the Board at
$BODY
, and his firm owns 7% of the company.
2. Legendary Pictures invested in the seed round of funding for Within. Kathy Vrabek is
$BODY
’s Chief Strategy Officer and is the former President of Legendary Digital.
3. Daniel Kamerling is the Product Manager for Developers at Oculus, the company Meta acquired to make their VR campaign run. He now teaches developers how to build programming for Meta. He was formerly at Google, Riot Games, and Beachbody. The connection between Body and Riot will be unpacked with the rest of the DD in the comments.
Added NYSE BODY #MetaVerse Play on Technology direction/ Hires/ International expansion, New Launch of An Immersive Fitness Experience: BODi – the new interactive premium tier of Beachbody On Demand –
347.2 million in cash with no debt, delay in business combination closure resulted in deferring $12 million in advertising and without MYX bike I and II incorporated in Financials. Excited to see BeachBody move forward.
monster move. lets see if it breaks 10.00 or drops back down.
haha true seems beat down here.
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