FitLinxx Reports Record Growth for its Enterprise Health and Wellness Technology Products in 2013, With 55% Revenue Increase Over 2012
Driven by Strong Demand for Corporate Wellness Programs Using Integrated Activity Devices, Expansion Into Healthcare and Consumer Markets
SHELTON, Conn.--(BUSINESS WIRE)--FitLinxx, a provider of enterprise health and wellness technology that motivates people to live actively and improve their well-being, today announced record financial results for 2013, with a 55% increase in revenues and a 396% increase in EBITDA over 2012.
The company’s success in 2013 was largely driven by strong demand for its wireless activity trackers used in corporate wellness programs and expansion into new consumer, health plan and health care provider markets in the US and UK. The company also continued to see strong results in the fitness facility market, with 94% customer retention for its FitLinxx Professional product line.
Significant new partners added to the FitLinxx Health Platform in 2013 include SparkPeople, Alere, Cerner, ShapeUp, Welltok, MeYou Health (a division of Healthways) and UK-based Nuffield Health, among others.
According to FitLinxx President and CEO Dave Monahan, “We’re very proud of our results for 2013, especially because it was entirely organic, profitable growth that required no capital investment. In fact, we have not raised capital for over 5 years. We continue to see tremendous interest in our partners’ health and wellness programs that use FitLinxx wireless activity trackers, weight scales and blood pressure monitors as essential elements to engage people in their health. We are excited by the growth we are seeing in employer, consumer and healthcare markets in the US and Europe.”
FitLinxx develops enterprise health and wellness technology that motivates people to live actively and improve their well-being. Sold exclusively through partners, its wireless activity monitors, health devices and software make it easy for people to accurately track and measure daily activity levels and health indicators like weight and blood pressure. In addition, its fitness facility solutions help members track exercise data, adopt exercise habits and achieve health and fitness goals.
Using FitLinxx technology, global partners have created customized fun and engaging fitness and wellness programs that help people begin and maintain active and healthy lifestyles. Employers and health providers benefit by improving individuals’ health, lowering healthcare costs and increasing worker productivity. FitLinxx is unique in accurately tracking all-day activities in an end-to-end wireless solution. The company’s network of fitness facilities and partners has helped millions of people experience the benefits of FitLinxx offerings.