Peloton (PTON) reports fiscal Q1 2021 earnings, sales beat

first_imgThe company has been a huge beneficiary of more people staying at home in 2020. But with such heightened demand for its products, Peloton has struggled to keep up. Customers have also reported delayed shipments and poor service. The company said Thursday it expects to be operating under supply constraints “for the foreseeable future.”“As we rapidly scale our organization to meet the extraordinary demand for our products, we realize that some of our members have faced extended delays associated with receiving our products or having support requests fulfilled,” CEO John Foley said in a letter to shareholders.Peloton shares whipsawed in after-hours trading and recently were down around 4.5%, having skyrocketed more than 343% this year. The stock closed Thursday up nearly 7%.- Advertisement – Sales surged 232% to $757.9 million from $228 million a year ago, topping expectations for $748.1 million.Peloton said it ended the quarter with more than 1.33 million connected fitness subscribers, up 137% from a year earlier. Connected fitness subscribers are people who pay $39 per month to sync Peloton’s workout classes to their Peloton equipment versus accessing the programs separately through a phone or tablet device and paying just $12.99.Peloton is also proving during the pandemic that once it hooks a new customer, they tend to stick around. It has gained a wave of new users who are no longer paying to go to the gym. Average net monthly connected fitness churn was 0.65% during the latest period, compared with 0.75% in the prior quarter.The company is now predicting its fiscal 2021 churn rate will remain under 0.9%, compared with a prior forecast of under 1%. It said churn for the current quarter should stay below 0.85%.Peloton also expects to have 1.63 million connected fitness subscribers by the end of its fiscal second quarter, and 2.17 million by the end of the fiscal year. It’s calling for second-quarter revenue of $1 billion. Analysts were predicting $939 million.The Sept. 9 launch of the Peloton Bike+, which includes more features than its original spinning bike and costs $2,495, “drove call volumes and unacceptably long wait times, well beyond our expectations,” Foley said.Peloton said it hopes to meet normalized order-to-delivery windows for its bikes by the end of the calendar year but that wait times for its Bike+ “will likely be elevated for the next couple of quarters.”Peloton’s users continue to work out more, too. That’s due, in part, to some households sharing their memberships among multiple people. The company said its connected fitness subscribers are averaging 20.7 monthly workouts, up from 11.7 a year earlier.The company also said it continues to ramp up its content production, making more than 2,400 new classes during the quarter, to make sure its members don’t grow bored of their bikes. It launched a new Bike Bootcamp and Barre classes during the quarter.Peloton has a market cap of $36.9 billion.Find the full Peloton earnings press release here. Here’s what the company reported for its fiscal first quarter of 2021, compared with what analysts were expecting, based on a survey of analysts by Refinitiv:Earnings per share: 20 cents vs. 11 cents expectedRevenue: $757.9 million vs. $748.1 million expectedPeloton said it expects profits to be pressured as it quickly opens new manufacturing facilities and because of the extra shipping-related expenses it will incur during the busy holiday season.For the three months ended Sept. 30, Peloton said earnings rose to $69.3 million, or 20 cents per share, from a loss of $49.8 million, or $1.29 a share, a year earlier. Analysts had expected Peloton to earn 11 cents per share.- Advertisement – – Advertisement – Peloton on Thursday reported quarterly sales growth of 232%, exceeding the company’s expectations, as consumers turned to its bikes and treadmills to work out and stream live classes from home during the coronavirus pandemic.The bike maker raised its revenue outlook for fiscal 2021 and now expects to report $3.9 billion or more in total revenue, up from a prior range of $3.5 billion to $3.65 billion. Analysts had been calling for $3.63 billion, according to a Refinitiv survey. Peloton also expects this holiday quarter to be its first billion-dollar quarter for sales.- Advertisement –last_img

FoneDrop limitless phone case ecosystem protects, mounts, and recharges your smartphone » Gadget Flow

first_img– Advertisement – The FoneDrop limitless phone case ecosystem protects, mounts, and charges your smartphone all in one. The collection includes the POGO Case, POGO Cable, POGO Car-S, and POGO Mount-T. The dual-layer shockproof Case incorporates a magnetic system, wirelessly charging your phone when you dock it on the Cable. As for the self-adhesive Cable, stick it anywhere: in your car, on your nightstand, or on your desk. The Mount-T has a telescopic adjustable arm, and the Car-S holds your phone in your vehicle. This ecosystem works with a range of Apple, Samsung, and Huawei smartphones, and it’s likely to work with even more devices in the future. Better than induction technology, POGO technology offers wireless recharging, works with both Fast Charge and Quick Charge, and lets you transfer data. That means you can use Android Auto or Apple CarPlay while in your vehicle. This limitless phone case ecosystem does it all.last_img

Republic of Congo has monkeypox outbreak

first_imgSep 27, 2007 (CIDRAP News) – More than 60 cases of monkeypox have been reported in the Republic of Congo since the beginning of this year, raising new concerns about the spread of the disease in humans.Jean-Vivien Mombouli, director of research at the country’s public health laboratory, said 62 probable monkeypox cases have been “confirmed” with rapid laboratory tests, according to a Sep 25 report from the Integrated Regional Information Networks (IRIN), part of the UN Office for the Coordination of Humanitarian Affairs. The story did not say whether further tests were done.Although it is primarily a disease of rodents and nonhuman primates, monkeypox can occasionally spread to humans and cause an illness that resembles smallpox but generally is less severe. It is endemic in some parts of Africa.Monkeypox surfaced in the Americas in 2003, when infected rodents imported from Ghana spread the virus to pet prairie dogs, which then infected people in the Midwest. The outbreak involved 71 confirmed, 12 probable, and 22 suspected cases in six states, but there were no deaths.The Republic of Congo’s first reported outbreak of human monkeypox also occurred in 2003, according to an August 2005 report in the American Journal of Tropical Medicine and Hygiene.Villagers have reported at least 150 cases related to the current outbreak, which started in January and has affected mostly refugees from the Democratic Republic of the Congo (DRC) who are younger than 15, the IRIN report said.The outbreak is in the northern part of the country within a 124-mile-wide area in the Likouala region, which includes villages along the Oubangui River, the natural border between the Congo, DRC, and the Central African Republic, according to IRIN.Experts from the US Centers for Disease Control and Prevention (CDC) will visit the country’s capital, Brazzaville, this week to analyze virus samples and investigate the origin of the outbreak, IRIN reported.There is no cure or vaccine for monkeypox, but in 2005 scientists reported that smallpox vaccination might provide some immunity against the disease. Vaccinia, the virus used in smallpox vaccines, and the monkeypox virus are closely related members of the orthopox virus family.See also: Sep 25 IRIN reportAugust 2005 American Journal of Tropical Medicine and Hygiene report 11, 2005 CIDRAP News story “Persistence of smallpox immunity may have protected against monkeypox in 2003”last_img

FAO warns H5N1 may be lurking in Europe

first_imgOct 26, 2007 (CIDRAP News) – Apparently healthy domestic geese and ducks in Europe may be harboring the H5N1 avian influenza virus, posing a risk to other poultry and to humans who have contact with them, the United Nations Food and Agriculture Organization (FAO) warned in a statement yesterday.In some parts of Europe the disease could become endemic in poultry populations, much as it has in some Asian countries, as well as Egypt and Nigeria, the FAO said. The agency said its warning was prompted by the detection of H5N1 in diseased domestic ducks by German scientists. The researchers also found that asymptomatic ducks on two farms had antibodies to the H5N1 virus.”It seems that a new chapter in the evolution of avian influenza may be unfolding silently in the heart of Europe,” said Joseph Domenech, the FAO’s chief veterinary officer, in the statement.If evidence confirms that the H5N1 virus can persist in apparently healthy ducks and geese, regions that have significant duck and geese production will need to reinforce their monitoring and surveillance systems, he said.Further waves of H5N1 avian influenza throughout Europe, occurring from east to west, could occur if the virus persists throughout the year in domestic waterfowl, Domenech said.European countries that have experienced H5N1 outbreaks this year include Russia, England, Hungary, Turkey, the Czech Republic, and Germany, according to previous news reports. In September, German officials found the H5N1 virus in frozen duck meat.Many experts see the links between chickens and domestic ducks and geese as a factor in H5N1 outbreaks in other countries where the virus is endemic, the FAO said.Jan Slingenbergh, an FAO senior animal health officer, said in the statement that the agency is particularly worried about the Black Sea area, which has high concentrations of chickens, ducks, and geese.The Ukraine has about 20 million domestic ducks, and Romania’s Danube delta has about 4 million domestic ducks and 4 million domestic geese, he said. “These figures compare easily with chicken and waterfowl densities in Asia, where the virus continues to circulate among chickens and has found a niche in countries with tens of millions of domestic ducks and geese,” Slingenbergh said.The Black Sea is a wintering area for migratory birds from Siberia and other locations, the FAO said, pointing out that all countries bordering the Black Sea have had avian flu outbreaks, along with poultry systems with poor separation between wild and domestic birds.”It could well be that there is more virus circulation in Europe than currently assumed,” Slingenbergh said. Though it doesn’t appear the virus is widely spreading in European countries, “undetected localized virus spots in countries with significant waterfowl may pose a continuous risk,” he said.In other avian flu news, agriculture officials in Myanmar reported an H5N1 outbreak at a large poultry farm in Bago, about 50 miles from Rangoon, the capital, according to an Oct 24 report from the World Organization for Animal Health (OIE). The outbreak, which began Oct 19, struck 400 birds, including quail, layer chickens, and ducks. The remaining 33,459 birds were destroyed.The report said the town is close to a lake that is home to wild birds, including about 800,000 ducks. Infected ducks probably transmitted the virus to quail or chickens, the health officials reported.Myanmar’s last reported outbreak occurred in late July, also near Bago, according to a previous OIE report.Elsewhere, officials in Vietnam announced today that an H5N1 outbreak has been reported in a third province, Cao Bang, in the northern part of the country near the Chinese border, according to a Reuters report. The outbreak affected 480 ducks and 80 chickens in 13 households in Cao Bang’s Trung Khanh district, according to Xinhua, China’s state news agency.Yesterday, Vietnamese officials reported an H5N1 outbreak had killed hundreds of ducks in Quang Tri province in the central Vietnam, about 360 miles south of Hanoi, according a report from Deutsche Presse-Agentur (DPA). The ducks were among a flock of 600 5-day-old ducklings, Nguyen Quan Vinh, head of the province’s animal health department, told DPA.Earlier this month another outbreak was detected in Tra Vinh province in the Mekong delta, the DPA report said. According to an Oct 11 OIE report on the outbreak, the virus killed 40 unvaccinated ducks; the remaining 296 birds were culled. Before this month’s outbreaks, Vietnam’s last reported outbreak occurred in August, the OIE reported.See also:Oct 25 FAO statement OIE reports

WHO cites severe H1N1 cases as southern outbreaks wane

first_img The CDC also said the number of cases of oseltamivir (Tamiflu)-resistant H1N1 infection has reached seven, up from four a week earlier. Six of the seven patients had received oseltamivir for either treatment or prophylaxis. In other observations in today’s reports, the WHO said: The WHO said the novel H1N1 virus has become the dominant flu strain in most of the world. In a weekly update, the agency said most southern hemisphere countries, including Chile, Argentina, New Zealand, and Australia, have passed their peak of flu activity, but South Africa and Bolivia are still seeing high levels of flu. “Perhaps most significantly, clinicians from around the world are reporting a very severe form of disease, also in young and otherwise healthy people, which is rarely seen during seasonal influenza infections,” the WHO said. “In these patients, the virus directly infects the lung, causing severe respiratory failure. Saving these lives depends on highly specialized and demanding care in intensive care units, usually with long and costly stays.” Aug 28, 2009 (CIDRAP News) – Novel H1N1 influenza outbreaks are starting to wane in the southern hemisphere, and while most cases are still mild, clinicians are reporting some severe cases of viral pneumonia in young, previously healthy people, the World Health Organization (WHO) said today. A CDC official said today that the agency does not have an estimate of how many severe cases of H1N1 viral pneumonia have occurred in the United States. Elsewhere, tropical countries are seeing increasing or sustained high levels of H1N1, while temperate areas of the northern hemisphere have low activity overall, punctuated by localized outbreaks. But in Japan, “the level of influenza activity has passed the seasonal epidemic threshold, signaling a very early beginning to the annual influenza season,” the WHO said. The CDC, in its flu surveillance report for the week that ended Aug 22, said flu activity remained stable or declined in most parts of the country, but it appeared to increase in the Southeast. The jurisdictions reporting widespread activity were Alaska, Georgia, and Puerto Rico. The WHO said several countries in the southern hemisphere have viewed the need for intensive care as the greatest burden on the healthcare system during the current flu season. Some cities reported that close to 15% of hospitalized patients needed intensive care. The CDC reported today that the nation has had 8,843 hospitalizations and 556 deaths linked to the novel virus, up from 7,983 hospital cases and 522 deaths reported a week ago. “We certainly have seen serious pneumonia, including in previously healthy people, just like in the WHO report, but I don’t have a good way to tell how many there have been,” Dr. Anthony Fiore, a medical epidemiologist in the CDC’s influenza branch, told CIDRAP News. WHO briefing note Jun 29 CIDRAP News story “Novel H1N1 flu can cause severe respiratory illness”center_img Early studies show a higher risk of hospitalization and death among minority groups and indigenous populations—four to five times higher than the general population in some studies. The WHO said that among the handful of oseltamivir-resistant H1N1 cases identified worldwide, no instances of onward transmission of resistant viruses have been found so far. H1N1 viruses from all outbreaks are virtually identical, showing no signs of dangerous mutations. Five pediatric deaths linked to H1N1 illness were reported last week, bringing the total to 42, the CDC said. The deaths occurred between Jun 7 and Aug 15 in California, Georgia, Illinois, and Texas. The WHO statement appears to fit with findings reported by a French researcher this week from H1N1 infection and death rates on two islands—the French territory of New Caledonia and the nation of Mauritius. The researcher, Antoine Flahault, said it appears that viral pneumonia, as opposed to secondary bacterial pneumonia, is far more common as a cause of death in H1N1 flu than in seasonal flu, according to an Aug 24 Agence France-Presse report. Early data from two countries suggest that people infected with both HIV and novel H1N1 are not at increased risk for severe illness, provided they are on antiretroviral therapy. The agency listed an overall H1N1 death toll of 2,185 today, but it offered no estimate of how many severe cases or deaths involved viral pneumonia in young people. The novel virus continues to distinguish itself from seasonal flu by causing severe cases and deaths mainly in people younger than 50, the agency noted. WHO weekly update See also: Meanwhile, the US Centers for Disease Control read more

Greenpeace Croatia: Adriatic islands are suffocating in plastic

first_imgSince his arrival in Croatia, Greenpeace has led campaigns for sustainable fisheries, against TPP Plomin C and the exploitation of oil from the Adriatic within the coalition “SOS for the Adriatic” and for the use of renewable energy sources. With a recent solar tour of Istria, Greenpeace has launched a campaign to promote renewables in tourism, focusing on the use of solar energy in the Adriatic, while this year the main focus is on a campaign against single-use plastics.Sign the petition and save the Adriatic from the invasion of plastic – PETITION Related news:GARBAGE AS A PLATFORM FOR TOURISM DEVELOPMENT Today, the legendary Greenpeace ship Rainbow Warrior III, as part of the international tour “More Mediterranean, less plastic” in front of Dubrovnik’s Old Town, hung the inscription “No plastic” between two fifty-meter masts. This ended his voyage across the Adriatic in the fight against single-use plastics.Greenpeace invites citizens to sign petition against single-use plastics and to read the report “The Mediterranean is covered in plastic”Which shows that on a global scale 60-80% of marine waste is plastic. “Some products like a coffee spoon or an ear stick are used for literally a few seconds, and when they reach the sea it stays there for hundreds of years. 80% of the plastic in the sea comes from the mainland. This is a real opportunity to put an end to this. The EU is changing the regulations on waste and plastics, so we have launched a petition asking Minister Tomislav Ćorić to support measures that will reduce the one-time use of plastics and increase the responsibility of producers for such plastics,”Said Mihaela Bogeljić, campaign manager.The invasion of plastics is rapidly turning our seas into the largest landfill in the world, endangering marine animals and ending up in the food chain after plastics are crushed in the sea and turned into microplastics. In the Mediterranean, plastic remains have been found in small fish, seabirds, sea turtles and whales. Scientists estimate that 1455 tons of plastic are already floating in the Mediterranean, with an average density of one piece per 4 square meters, making the Mediterranean one of the most endangered marine areas.The Adriatic islands are suffocating in plasticThis weekend, Greenpeace activists exhibited ten-meter props on Mljet in order to clearly show where disposable plastic usually ends up after being found in the trash after a short use. A huge bottle, glass and straw floated in the sea in front of the famous Saplunara beach, symbolically saying that there are already 1455 tons of plastic in the Mediterranean. “Beach cleaning is necessary, but not a solution in itself. Shredded pieces of plastic are almost impossible to remove. It is a pity that due to a few seconds of one-time use of plastic, we are permanently polluting the sea that we love so much and the animals that live in it. The islands are the most beautiful part of our coast, and tons of plastic float on them every year. It is time to understand that the problem needs to be addressed by the cause, that is, that we urgently need to change habits and get rid of disposable plastic. For example, nylon bags, straws, bottles and plastic cutlery are very easy to replace with environmentally friendly alternatives. ”  said Bogeljic.They say that the South Dalmatian islands, where residents, volunteers and visitors struggle with plastic all year round, are particularly affected, and the area of ​​the Mljet National Park is no exception. “On Mljet, Vis, Lastovo, Šolta and other beautiful islands that are laid parallel to the coast, or with the direction of the main sea current and with the direction of blowing south, a huge amount of waste is stranded. The vast majority of this is plastic, which fragments over time and remains in the sea as a microplastic for hundreds of years.. ”Emphasized Hrvoje Čižmek, President of the Society for Marine Research – 20000 Miles, an association of scientists who, in partnership with Greenpeace, documented the seabed around the Mljet National Park.last_img

CNTB reaction to the open letter of the director of the ultratrail race “100 Miles of Istria”

first_imgThe Croatian National Tourist Board (CNTB) sent a response, ie reacted to the open letter of Mr. Alen Paliska, director of the ultratrail race “100 Miles of Istria”, which last week in an open letter entitled: Demystification of CNTB grants for events or who benefits from the grants?, pointed out that he believes that he has been damaged and that he is requesting a revision and annulment of the results of the Public Tender for Grants for Events in 2017.The CNTB reacted to the open letter of Mr. Alen Paliska, which we are transmitting in its entirety:”The reason why the Croatian National Tourist Board did not award support to the event “100 Miles of Istria” in 2017 is that the event was not registered in the Public Call for support of events in 2017. Therefore, the Croatian National Tourist Board did not receive an application for this event either in electronic or printed form, and therefore the support could not be granted.. ” stand out from the CNTB.Furthermore, the CNTB points out that the open letter also states that the CNTB held the International Endurance Race last year. Ironman included in the TOP events and awarded them support in the amount of HRK 100.000,00, and that this year the same event was “transferred” to the category of national and regional events. “We emphasize that the method of registration for TOP events is very clearly described in the Public Invitation, which shows that the county tourist board is the one that reports TOP events to the Croatian Tourist Board and that the CNTB has no influence on what the Tourist Board will ultimately report. Specifically, the Tourist Board of the Istrian County has announced three TOP events this year, not including the International Endurance Race Ironman. It can be seen from the above that the CNTB could not even include the event Ironman in TOP events because, unlike last year, the Istria County Tourist Board did not report it as a TOP event this year. “”Without going into more detail in other allegations made in the open letter, which we also assess as unfounded, we hereby express our regret that a series of erroneous conclusions were easily and without prior verification and consultation with the CNTB Head Office. We emphasize that one of the basic tasks of the CNTB is, among other things, to take measures and activities for the development and promotion of tourism in underdeveloped parts of Croatia, as well as to take measures for the development and promotion of all selective forms of tourism. reaction to the open letter of the director of the ultratrail race “100 Miles of Istria“. conclude from CNTB as a reaction to the open letter of the director of the ultratrail race “100 Miles of Istria”CNTB FINANCIAL SUPPORT ANNOUNCED FOR 2017Let us remind you that every year the CNTB provides financial support to events, all with the aim of investing in the quality of the offer and content, ie in creating motives for arrivals and the development of tourism at the destination level, as he points out with the CNTB.The Public Call for Grants for Events in 2017 received a total of 433 applications, of which 373 applications were taken into consideration, since 60 of them did not meet the conditions of the tender, according to the CNTB. Financial support from the Croatian National Tourist Board was provided by 215 registered programs divided into three prescribed measures of this Public Invitation in the total amount of HRK 11.500.000,00. Thus, through measure 1 – support to events in the PPS period in underdeveloped tourist areas, HRK 1.140.000,00 was allocated, while through measure 2 – support to national and regional events, a total of HRK 5.710.000,00 was allocated. The amount of HRK 4.650.000,00 was allocated through measure 3 for TOP events.See the list of grants herelast_img

By co-financing the EU until the revitalization of the cultural and historical ensemble of Škrip on the island of Brač

first_imgThe oldest settlement on Brač will also become the first address in the island’s capital to which money will arrive directly from Brussels to co-finance a local project.Revitalization of the cultural and historical ensemble of Škrip, a place with a history of almost 3000 years, is a project of the City of Supetar which in cooperation with the Tourist Board and the Museum of the Island of Brac seeks to put in the tourist and economic function of rich cultural and historical resources. . “The Central Agency for Financing and Contracting of EU Projects has informed us that the project proposal has successfully passed the phase of checking the eligibility of expenditures and is being sent to the last phase of signing the contract.”, Said the Mayor of Supetar Ivana Markovic, specifying that the total value at this stage (itrada project documentation) is about two million kuna, and the EU approves co-financing worth 1,5 million, writes Business diary.The project includes the arrangement of the archeological site next to the island Museum, the restoration of the church of St. John the Baptist and the retaining wall of the church of St. Jelena, the arrangement of Kaštela Radojković built in 1570, as well as the arrangement of the bitumen mine site where the construction of the presentation center “Miner’s Mine” is planned.In order for this island gem to be the best bait for tourists, the intention is to improve the offer of the existing, unique Uja Museum, which would become a multimedia center, the former church of St. Ante would be converted into a museum space, the sculpture park would be transformed into a recreation zone, and it is planned to arrange hiking and biking trails. “Although the Škrip settlement alone achieves negligible numbers in the total tourist activity of Supetar, the fact that the Museum of the Island of Brač is visited by more than 15 guests a year is perhaps the best evidence of the importance of Škrip for our city and the island as a whole. Putting all Skrip’s sights into economic and tourist function is the main goal. I am sure that by implementing this and other projects defined in the Tourism Development Strategy in the area of ​​Supetar until 000, we will make Škrip an even more attractive tourist destination, revive its rich resources and ensure the stay and quality of life of young people.”, Said Ivan Cvitanic, director of the Tourist Board of the City of Supetar.last_img