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YogaWorks, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Nov 14, 2019. Its latest SEC filing is a NT 10-K from May 14, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Runs yoga studios offering yoga and integrated fitness classes, and sells online instruction and teacher training to yoga students and aspiring teachers.

How Did They Make Money?

Students generally pay in advance for memberships, class packages, workshops and teacher training; memberships cover a set period, while packages cover a fixed number of classes. Customers pay for retail merchandise when they receive it at the store.

FY2018 revenue

Who Were Their Customers?

Yoga students buy classes directly at YogaWorks studios or subscribe to MyYogaWorks online; students and teachers also attend workshops and teacher-training programs.

Did Revenues Turn Into Profits?

No. It lost $35.2M in FY2018.

Operating income, FY2018
−59% of revenue
▲ +60% (Loss) vs FY2017 (−$22.1M, −41%)
Net income, FY2018
−59% of revenue
▲ +50% (Loss) vs FY2017 (−$23.4M, −43%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Sep 30, 2019
Revenue
▲ +9%
vs $15.2M in Q3 FY2018
Net income
▼ −67% (Loss)
vs −$13.9M in Q3 FY2018
  • Mar 25, 2020 All YogaWorks studios closed during the coronavirus outbreak The company said all studios had been closed since March 17, 2020, and in-person headquarters operations were suspended.
  • Nov 5, 2019 CEO Rosanna McCollough departed Her departure from the company was effective October 31, 2019.
  • Oct 4, 2019 CEO and CFO resigned; Brian Cooper became CEO McCollough and CFO Vance Chang resigned effective October 1, 2019; Cooper was appointed CEO the same day.
  • Jul 25, 2019 YogaWorks filed to delist its stock from Nasdaq The company said Nasdaq would suspend trading before the start of August 1, 2019.

Grew. Revenue grew 8% in 2 years, from $55.1M in FY2016 to $59.6M in FY2018, about 4% a year.

Who Did They Compete With?

Competes with CorePower Yoga, YogaGlo, YouTube, Equinox, Life Time Fitness, LA Fitness, 24 Hour Fitness, Planet Fitness, Town Sports International, and Lululemon

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