(Reuters) – Peloton Interactive Inc said on Thursday it had identified a defect related to the seat posts on its original stationary bike, with 12 reports of injuries, including a broken wrist, as of April 30.
Of the 2.4 million units sold in the US and Canada as of April 30, there were 35 reports that the bike’s seat post broke during use, Peloton said in a filing with the Securities and Exchange Commission. and US Securities (SEC).
The company said it had notified the US Consumer Product Safety Commission (CPSC) of the “potential product safety issue” and is working with the regulator to finalize a corrective action plan.
In January, the fitness equipment maker agreed to pay a $19 million penalty for failing to promptly report a defect in its Tread+ treadmill that could cause serious injury.
Peloton reported a larger-than-expected quarterly loss on Thursday and warned it expects to enroll fewer members for the year, raising concerns about the fitness equipment maker’s growth prospects.
(Reporting by Juby Babu in Bengaluru. Editing by Gerry Doyle)