Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corp., a Cayman Islands company. **Note: GD in the company’s name stands for its brand, Gym Direct. (Incorporated in the Cayman Islands)
We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers.
GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty. Our brand portfolio can be categorized into three proprietary brands under our Gym Direct brand: Muscle Motion, Rapid Motion, and FleetX, in over 2,000 stock-keeping units (SKUs).
In addition to our all-around fitness equipment portfolio to individual and commercial customers, we launched three new business verticals with integration of technology in 2021:
We market and sell fitness equipment and related products as well as serve as a one-stop shop for business setup from personal training studios to commercial gyms. Our full spectrum of product coverage is exemplified by the following three proprietary brand names, which represented over 85% of our revenues in the fiscal year ended June 30, 2022:
In our fitness equipment business segment, we sell our products directly to customers through online or offline platforms. Revenue from our own e-commerce website accounted for approximately 83.68% of our total sales for the fiscal year ended June 30, 2022, with the remaining sales derived from commercial sale orders, our showroom and phone orders as well as third-party channels such as Amazon and eBay.
**Note: Revenue and net income figures are for the year ended June 30, 2022.
(Note: Fitell Corp. filed its F-1 on Oct. 7, 2022.)
|Address||23-25 Mangrove Lane Taren Point, NSW 2229 Australia|
|Phone Number||+612 95245266|
|View Prospectus:||Fitell Corp.|
|Revenues||$8.16 mil (last 12 months)|
|Net Income||$0.01 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$15.0 mil|
|Manager / Joint Managers||Revere Securities|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|