$PTON Fy 2020 Q3 “Quotes” “Our growth was aided by the extraordinary circumstances facing our global community with the Covid-19 crisis” “We entered Q4 with a backlog of Bike Deliveries in all geographies and sales continue to surpass expectations in the first several weeks of Q4 due to Covid-19” “ We are incurring higher costs in order to expedite shipments” “We do not expect to materially to improve our order to delivery window before the end of Q4” “Our connected fitness gross margin was 45.3%” Customer deposits and deferred revenue ended the Quarter at 215.2 Source: investors.one/ peloton.com/ Fy 2020 Q3 shareholder letter This is the beginning of the pandemic. Before all of the spin and we not a pandemic company blah blah blah
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