shares of nautilus inc nls plunged 205 in morning trading putting them on track for the lowest close since march 2020 after the exercise equipment and digital fitness company swung to a fiscal fourthquarter loss as revenue that fell sharply from a year ago while gross margins were more than halved the company also provided fiscal firstquarter sales guidance of 45 million to 55 million which was well below the current factset consensus of 704 million and consensus at the end of april of 1146 million for the quarter to march 31 the net loss was 182 million or 58 cents a share after net income of 304 million or 93 cents a share in the yearago period sales dropped 419 to 1197 million while cost of sales declined 222 to 987 million as gross margin contracted to 175 from 384 shares of athome fitness and exercise equipment maker peloton interactive incs stock pton slumped 86 in the wake of its rivals disappointing results and outlook year to date nautilus shares have plummeted 674 and pelotons stock plunged 652 while the sp 500 spx slumped 182