RTTNews | Nov 12, 2021 10:24AM EST

10:24 Friday, November 12, 2021 (RTTNews.com) - Boutique fitness franchise company Xponential Fitness, Inc. (XPOF) shares are up more than 15% Friday morning after the company raised its full-year revenue outlook, better than analysts' view.

The company has increased its full-year revenue outlook to the range of $147 million -$148.5 million from the previous guidance of $135.5 million- $137 million. On average 7 analysts polled by Thomson Reuters expect the company to report revenue of $137.82 million.

Xponential Fitness posted 60% revenue growth in the third quarter at $40.87 million.

Net loss for the quarter, however, widened to $8.9 million, or $0.38 per share in the quarter, compared with net loss of $1.9 million in the prior-year period.

The company had acquisition and transaction expenses of $2.88 million during the current quarter, compared with income of $5.13 million last year.

Excluding items, loss was $5.8 million or $0.31 per share.

XPOF touched a new high of $23.24 this morning, before slipping to trade at $22.67 currently.

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