Fitbit
Financials
Estimates*
USD | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | - | 1.6b | 1.5b | 1.4b | 1.3b | 1.4b | 1.5b |
% growth | - | - | (6 %) | (5 %) | (8 %) | 7 % | 5 % |
EBITDA | - | (155m) | (132m) | (258m) | (80.0m) | (71.0m) | (57.0m) |
% EBITDA margin | - | (10 %) | (9 %) | (18 %) | (6 %) | (5 %) | (4 %) |
Profit | - | (277m) | (186m) | (321m) | (174m) | (205m) | (171m) |
% profit margin | - | (17 %) | (12 %) | (22 %) | (13 %) | (15 %) | (12 %) |
R&D budget | 341m | 325m | 319m | 294m | - | - | - |
R&D % of revenue | - | 20 % | 21 % | 20 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.0m | Series A | ||
$9.0m | Series B | ||
$12.0m | Series C | ||
$43.0m | Series D | ||
N/A | N/A Valuation: $4.1b | IPO | |
$2.1b Valuation: $2.1b 1.6x EV/LTM Revenues -26.3x EV/LTM EBITDA | Acquisition | ||
Total Funding | $66.0m |
Recent News about Fitbit
EditFitbit, a prominent player in the health and fitness technology market, offers a range of products designed to help users monitor and improve their health. The company provides smartwatches and fitness trackers that track various health metrics such as activity, exercise, food intake, weight, and sleep. These devices are equipped with advanced features like heart rate monitoring, SpO2 (oxygen saturation) measurement, ECG (electrocardiogram) capabilities, stress management tools, and sleep tracking. Fitbit also offers a mobile app that integrates with its devices, providing users with a comprehensive view of their health and fitness data.
Fitbit serves a diverse clientele, including individual consumers looking to improve their personal health, as well as organizations such as employers, health plans, health systems, and researchers who use Fitbit's solutions to enhance population health programs. The company operates in the global health and wellness market, which has seen significant growth due to increasing awareness of the importance of a healthy lifestyle.
Fitbit's business model is primarily based on the sale of its hardware products, including smartwatches, fitness trackers, and related accessories. Additionally, the company generates revenue through its premium subscription service, which offers personalized insights, advanced analytics, and guided programs to help users achieve their health goals. Fitbit also partners with various organizations to provide tailored health solutions, further diversifying its revenue streams.
In summary, Fitbit combines innovative technology with user-friendly design to help individuals and organizations improve health and wellness. The company's comprehensive approach, which includes both hardware and software solutions, positions it well in the expanding health and fitness market.
Keywords: Smartwatches, Fitness Trackers, Health Metrics, Heart Rate, Sleep Tracking, SpO2, ECG, Stress Management, Health Solutions, Premium Subscription.