#PlaybyPlay #Podcast Episode 30: #Stocks discussed: (NYSE:$NLS) (NasdaqGS: $CPHC)
Nautilus Sees Second Consecutive Record-Breaking Quarterly Results, and Canterbury Park Reports Q1 Results
#Tokyo #Olympics Going Ahead Despite #COVID19 Surge and Wizards’ Westbrook Breaks Oscar Robertson’s #NBA Triple-Double Record
Point Roberts, WA, Delta BC –May 11, 2021 - Investorideas.com, a leader in investor news and research issues today’s edition of Play by Play covering what’s new in sports and esports headlines plus recent news from publicly traded companies..
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Nautilus, Inc. (NYSE:NLS) has reported its unaudited operating results for the three-month transition period ended March 31, 2021. This follows the company’s decision to change its fiscal year from January 1 to December 31, to the twelve months beginning April 1 and ending March 31. Highlights for this quarter include net sales of $206.1 million, which is an increase of 119.9 percent over the same period last year. Nautilus CEO Jim Barr said:
“Our team delivered its second consecutive quarter of record-breaking results and posted the highest quarterly revenue in our Company’s 35-year history. Net revenue of $206 million exceeded the high end of guidance, growing 120% versus last year, or 143% excluding the divested Octane business. Growth was strong across both segments with Direct crossing $100 million for the first time and Retail delivering quarterly revenue second only to last quarter’s sales. In addition, our international business experienced 340% growth excluding Octane and we generated $39.7 million of operating income in the quarter.”
Canterbury Park Holding Corporation (NasdaqGS:CPHC) has announced its financial results for the first quarter ended March 31, 2021. The company saw net revenues in the quarter decrease by 15.7 percent to $9.2 million as compared to Q1 2020, which is attributed “to continued capacity constraints that have limited operations.” The company’s President and CEO, Randy Sampson, explained:
“While both the first quarters of 2021 and 2020 had a similar number of operating days, the year-over-year decline in revenue was due primarily to the first quarter of 2021 including significant COVID-19-related restrictions for the entire period while in the first quarter of 2020, we were able to operate with no restrictions until March 16, 2020 when all Card Casino, simulcast and special events operations at Canterbury Park were suspended. Ultimately, while the capacity restrictions have had an outsized impact on certain parts of our business, we have been able to serve much of our current Card Casino, pari-mutuel and simulcast demand while maintaining a safe environment for our guests as well as our focus on the operating discipline that continues to benefit our margins.”
Tokyo Olympics Going Ahead Despite COVID-19 Surge, and Wizards’ Westbrook Breaks Oscar Robertson’s NBA Triple-Double Record
The Tokyo 2020 Olympic Summer Games are scheduled to go ahead despite surging COVID-19 cases and a poll indicating that “nearly 60% of people in Japan want the Games cancelled,” according to Reuters. Japanese Prime Minister Yoshihide Suga, addressing concerns over the games being held amid such conditions, said:
"I've never put [the] Olympics first. My priority has been to protect the lives and health of the Japanese population. We must first prevent the spread of the virus."
The Games are set to open on July 23 and run until August 8.
The Washington Wizards’ Russell Westbrook broke Oscar Robertson’s NBA record of 181 triple-doubles – set in 1974 – last night against the Atlanta Hawks, the Associated Press reports. Westbrook commented:
“I normally don’t like to pat myself on the back but tonight I will just because I’m so grateful for the ones before me and so blessed to the man above to allow me to go out and do it. I take this job very seriously and I’m super grateful for my teammates and coaches on my journey so far.”
Sam Mowers, Investorideas.com
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