Bowflex (BFXXQ) 8-K Nautilus, Inc. Announces First Quarter 2007 Results

Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACTS:	Nautilus, Inc.	Nautilus, Inc.
	Ron Arp	John Mills
	(360)859-2514	(310)954-1105

NAUTILUS, INC. ANNOUNCES FIRST QUARTER 2007 RESULTS

VANCOUVER, Wash. – (April 25, 2007) – Pure fitness company Nautilus, Inc. (NYSE: NLS) today announced results for the three months ended March 31, 2007.

Net sales for the three months ended March 31, 2007, were $158.8 million, compared to $185.0 million for the corresponding period last year, down 14 percent. Net income for the quarter was $2.5 million, or $0.08 per share, compared to $5.2 million or $0.16 per share for the first quarter of 2006. Gross margins reached 46.1 percent, the highest level in seven quarters.

“As we reported earlier, our international, apparel and commercial businesses performed well,” said Gregg Hammann, Chairman and CEO of Nautilus, Inc. “However, we experienced sluggish trends in the North American market for home fitness equipment in the first quarter, causing cancellation of expected retail replenishment orders and softness in direct.”

“We expect to achieve stronger net sales through new innovation and new promotions planned as the next fitness cycle begins the second half of the year. Meanwhile, our gross margin-improving activities that began in the back half of 2005 were evident again this quarter. Our efforts to bring efficiencies to manufacturing, distribution, packaging, shipping and transportation are putting us in an excellent position to improve bottom line results as sales pick up.”

For the second quarter of 2007, the company expects net sales of $135-140 million and expected earnings of $0.03-$0.06 per share. For the full year, the company expects net sales growth of 5-10 percent and earnings growth of 20-30 percent.

The first quarter 2007 investor conference call is scheduled for 5 p.m. EDT (2 p.m. PDT) Wednesday, April 25, 2007. It will be broadcast live over the Internet hosted atwww.nautilusinc.com/events and will be archived online within one hour after completion of the call. In addition, listeners may call 800-576-7258 in North America and 212-748-2760 from outside North America. Participants will include: Gregg Hammann, Chairman and Chief Executive Officer; and Bill Meadowcroft, Chief Financial Officer.

A telephonic playback will be available from 4:00 p.m. PDT April 25 through 4:00 p.m. PDT, May 9, 2007. North American callers can dial 800-633-8284, and international callers can dial 402-977-9140 to hear the playback. The passcode is 21333672.

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About Nautilus, Inc.

Headquartered in Vancouver, Wash., Nautilus, Inc. (NYSE:NLS) is a pure fitness company that provides tools and education necessary to help people achieve a fit and healthy lifestyle. With a brand portfolio that includes Nautilus(R), Bowflex(R), Schwinn(R) Fitness, StairMaster(R), and Pearl iZUMi(R), Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial, retail, and international channels. The Company was formed in 1986 and had sales of $680 million in 2006. It has 1,500 employees and operations in Washington, Oregon, Colorado, Oklahoma, Illinois, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy, China, and other locations around the world. More information is atwww.nautilusinc.com

Safe Harbor Statement:

This press release includes forward-looking statements, including statements concerning estimated future sales and earnings, new product introduction, and operational improvement. Factors that could cause Nautilus, Inc. actual results to differ materially from these forward-looking statements include availability of media time and fluctuating advertising rates, a decline in consumer spending due to unfavorable economic conditions, its ability to effectively develop, market, and sell future products, its ability to get foreign-sourced product through customs in a timely manner, its ability to effectively identify, negotiate and integrate any future strategic acquisitions, its ability to protect its intellectual property, introduction of lower-priced competing products, unpredictable events and circumstances relating to international operations including its use of foreign manufacturers, government regulatory action, and general economic conditions. Please refer to our reports and filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, for a further discussion of these risks and uncertainties. We also caution you not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date they were made or to reflect the occurrence of unanticipated events.

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NAUTILUS, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands)

	March 31, 2007		December 31, 2006
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	4,745	$	4,262
Trade receivables (net of allowance for doubtful accounts of $3,499 and $3,893 at March 31, 2007 and December 31, 2006, respectively)		98,025		137,714
Inventories		89,856		75,832
Prepaid expenses and other current assets		24,393		23,093
Short-term notes receivable		2,600		2,461
Assets held for sale		1,677		1,677
Deferred tax assets		5,557		5,722
Total current assets		226,853		250,761
PROPERTY, PLANT AND EQUIPMENT (at cost, net of accumulated depreciation of $54,658 and $51,262 at March 31, 2007 and December 31, 2006, respectively)		51,423		52,658
GOODWILL		65,095		65,037
INTANGIBLE AND OTHER ASSETS, net		56,473		56,486
TOTAL ASSETS	$	399,844	$	424,942
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Trade payables	$	52,382	$	61,375
Accrued liabilities		27,692		31,444
Short-term borrowings		37,200		47,500
Income tax payable		1,336		4,551
Customer deposits		1,894		2,229
Current portion of long-term debt		205		259
Total current liabilities		120,709		147,358
LONG-TERM DEBT		4,070		4,158
NON-CURRENT INCOME TAX LIABILITIES		3,191		—
NON-CURRENT DEFERRED TAX LIABILITIES		15,401		16,792
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock – no par value, 75,000 shares authorized; 31,545 and 31,482 shares issued and outstanding at March 31, 2007 and December 31, 2006, respectively		2,581		1,026
Retained earnings		249,403		251,418
Accumulated other comprehensive income		4,489		4,190
Total stockholders’ equity		256,473		256,634
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	399,844	$	424,942

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NAUTILUS, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, in thousands, except per share amounts)

	Three Months Ended March 31,
	2007			2006
NET SALES	$	158,839		$	184,990
COST OF SALES		85,571			105,678
Gross profit		73,268			79,312
OPERATING EXPENSES:
Selling and marketing		50,776			52,154
General and administrative		13,323			13,650
Research and development		3,215			3,268
Royalties		1,319			1,579
Total operating expenses		68,633			70,651
OPERATING INCOME		4,635			8,661
OTHER INCOME (EXPENSE):
Interest income		75			138
Interest expense		(941	)		(589	)
Other income, net		252			15
Total other expense		(614	)		(436	)
INCOME BEFORE INCOME TAXES		4,021			8,225
INCOME TAX EXPENSE		1,557			3,024
NET INCOME	$	2,464		$	5,201
EARNINGS PER SHARE:
BASIC	$	0.08		$	0.16
DILUTED	$	0.08		$	0.16
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC		31,508			32,796
DILUTED		31,729			33,025

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