| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
270 |
| Employees |
1,784 |
| Revenues (TTM) (Millions $) |
1,316 |
| Net Income (TTM) (Millions $) |
-259 |
| Cash Flow (TTM) (Millions $) |
-101 |
| Capital Exp. (TTM) (Millions $) |
33 |
Business Description
Fitbit Inc. is a technology company that produces a range of wearable fitness devices, including smartwatches, activity trackers, and wireless fitness earbuds. The company was founded in March 2007 by James Park and Eric Friedman and is headquartered in San Francisco, California.
Fitbit primarily operates in the consumer electronics industry and is best known for its range of wearable devices. The company has developed a portfolio of products that are designed to help people track their daily activity levels, monitor their health metrics, and manage their fitness goals. These devices are equipped with a range of specialized sensors that can track everything from steps taken to heart rate, calories burned, and sleep quality.
In addition to hardware products, Fitbit offers online and mobile software platforms that provide users with access to their health data, fitness metrics, and personalized guidance. These platforms allow users to set goals, track progress, and receive motivational feedback and recommendations based on their activity levels, sleep patterns, and overall health metrics.
The company's products are sold through a variety of channels, including direct sales through its website, e-commerce retailers, and brick-and-mortar stores. Fitbit has also collaborated with various corporate partners to provide employees with its products and services as part of corporate wellness programs.
Despite its early dominance in the wearable fitness device market, Fitbit has faced increased competition from other technology companies such as Apple, Garmin, and Samsung. The company has responded by expanding its product line, acquiring complementary technology companies, and expanding into new markets, such as healthcare and telemedicine.
Overall, Fitbit is a leading producer of wearable fitness devices and offers a range of products and services that are designed to help people track and manage their fitness goals. With a strong focus on innovation and user engagement, the company is well-positioned to continue its growth and expansion in the consumer electronics industry.
Company Address: 199 Fremont Street, San Francisco, 94105 CA
Company Phone Number: 513-1000 Stock Exchange / Ticker: NYSE FIT
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%
1.41%