February 23, 2017
The hard financial news wasn't good on Fitbit's fourth quarter earnings call: The company's revenue, at $574 million, was down 19.3 percent year-over-year, and down $2 million from the company's projection. It was also the second consecutive quarter that the company missed its earnings target.
Fitbit released a statement a few weeks ago detailing the immediate plan to get earnings back on track:...
February 29, 2016
Fitbit revealed in its annual report that it ended up buying fitness coaching app FitStar last year for about $24.8 million because it didn't end up having to pay the earnout of $7.7 million.
Fitbit confirmed that it had acquired FitStar in March 2015. Shortly after the news broke, an SEC filing suggested that Fitbit spent at least $17.8 million the acquisition.
When the company went public a...
April 2, 2015
Google Ventures, the early-stage investment arm of Google, has invested about 30 percent of its fund into health startups, according to Krishna Yeshwant, one of its general partners. The fund receives $300 million a year from its parent company. Yeshwant, who is also a practicing physician, discussed Google Ventures' digital health investments at the HxRefactored 2015 event in Boston this week....
March 31, 2015
San Francisco-based Fitbit acquired fitness coaching app developer, FitStar, for at least $17.8 million, according to an SEC filing.
FitStar had previously raised $5 million from Advancit Capital, Google Ventures, Trinity Ventures, Floodgate, and Mesa Ventures, according to CrunchBase.
In the filing, Fitbit selected "yes", when asked "Is this offering being made in connection with a business...
March 5, 2015
San Francisco-based Fitbit has confirmed that it will acquire fitness coaching app developer, FitStar, to add more training features, according to a report from TechCrunch. The tech publication had previously reported the deal would be between $25 million to $40 million and include a mix of cash and stock.
FitStar is backed by Google Ventures and Trinity Ventures.
Fitbit already offers a premium...
February 27, 2015
Fitbit is in discussions to acquire fitness coaching app developer, FitStar, for $25 to $40 million in a mix of cash and stock as early as next week, according to a report from TechCrunch. The report adds that it's possible the deal may not go through.
FitStar has created two apps, FitStar Personal Trainer and FitStar Yoga. The latter launched a few months ago. Both applications are free to...
April 2, 2014
The MobiHealthNews team received a number of emails about yesterday's -- completely made-up -- April Fools' Edition of the MobiHealthNewsletter. We're glad so many of you enjoyed it. If you didn't get a chance to read it yet, be sure to dig it out of your inbox -- it's a newsletter subscriber exclusive.
And if you do re-visit it, please note there was a small mixup on one of the bylines -- our...