ElliptiGO Inc., creators of the world’s first elliptical bicycle, announced record revenue and unit sales for 2016. Unit sales were up 30% and revenue increased 15% over 2015. ElliptiGO CEO Bryan Pate attributed the growth to continued momentum in the market for elliptical bikes and strong uptake of the ElliptiGO Arc, which debuted in December 2015.
More than 50 people gathered in Scottsdale, Ariz., for the 4th Annual ElliptiGO Winter Classic, which was the first event organized by the recently formed Global ElliptiGO Riders Club. Attendees represented 10 states and came from as far away as Florida, New Jersey and Massachusetts. The Classic featured group rides on Saturday and Sunday for riders of all levels. After the rides, attendees enjoyed a variety of activities, including sand volleyball, lounging poolside, dancing and socializing.
In the 40th running of the TCS New York City Marathon, three ElliptiGO athletes finished in the top 10 and six placed in the top 20, cheered on by Rio Olympians and fellow ElliptiGO athletes Meb Keflezighi and Jared Ward, who were co-Grand Marshalls of the race.
In the 7th Annual World Championships of Elliptical Cycling, both the returning female and male champions defended their titles. Rusty Snow continued his stranglehold on the event, cruising to his fifth straight victory. Sarah Brown sliced more than 4 minutes off the women’s record that she set last year. She is now the fastest woman ever in the event by more than 12 minutes.
ElliptiGO Inc. will offer two exciting and immersive opportunities this year at Interbike, the largest annual bicycle industry exposition in North America. In the main booth, ElliptiGO will have a first-of-its kind virtual riding experience, where attendees can climb onto an ElliptiGO bike mounted on a stationary trainer and choose one of three virtual group ride courses using the Gear VR headset. ElliptiGO will also be displaying its line of elliptical bikes at the outdoor Circuit test track.
ElliptiGO Inc. announced record revenues in August, fueled by 51.6% year-over-year growth in the United States. This strong performance follows the record-setting Q2, which saw revenues increase 52.5% over Q2 2015. The company attributes this success to the growing interest in the category of elliptical bikes overall and to demand for its newest product, the ElliptiGO Arc.
Physical Therapist Anna Thatcher completed the 129-mile Death Ride, which features more than 15,000 feet of climbing. This marked the seventh year in a row that an ElliptiGO rider has finished all five passes of the grueling ride.