AirSculpt Q3 2022 Earnings Report
Key Takeaways
AirSculpt Technologies reported a 12.2% increase in revenue compared to the prior year period, reaching $38.9 million. The company's growth was primarily driven by new center openings. However, the company experienced a net loss of $(7.4) million, impacted by increased equity-based compensation and public company related costs.
Revenue increased 12.2% from prior year period to $38.9 million.
Paid special dividend of approximately $25 million.
First international center in Toronto scheduled to open in November.
Opened center in Philadelphia.
AirSculpt
AirSculpt
Forward Guidance
The Company is reducing its revenue outlook to a range of $168-170 million and is lowering its Adjusted EBITDA outlook to a range of $45-47 million. The Company anticipates opening a total of four centers in 2022 which includes Philadelphia and Toronto.