Peloton Interactive (NASDAQ: PTON) made a splash recently when it reported its financial results for its fiscal 2024 fourth quarter (ended June 30). The market was ecstatic, sending shares 35% higher following the news that the business eked out a tiny revenue gain and continued to lower its net losses.

Before you rush to buy this bike stock while it still trades well below its all-time high, here are three things you need to know about Peloton.

When demand for its products was through the roof, Peloton was undeniably a hardware company. In fiscal 2021, 70% of the company's revenue was derived from the sale of exercise equipment. Peloton was actually having trouble meeting demand.

Continue reading

Source Fool.com