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Sep 30, 2023
AirSculpt Q3 2023 Earnings Report
AirSculpt Technologies reported third quarter results, showing revenue growth and progress in new center openings.
Key Takeaways
AirSculpt Technologies announced a 20.3% increase in revenue compared to the prior year, reaching $46.8 million. The company reported a net loss of $1.7 million, an improvement from the previous year's $7.4 million loss. They opened facilities in San Jose, CA and Raleigh, NC.
Cases increased 19.0% over the prior year period to 3,426.
Revenue increased 20.3% over the prior year to $46.8 million.
Net loss of $(1.7) million for the quarter compared to $(7.4) million in the prior year period.
Opened facilities in San Jose, CA and Raleigh, NC.
AirSculpt
AirSculpt
Forward Guidance
The company reaffirms full year 2023 revenue and adjusted EBITDA guidance.
Positive Outlook
- Revenues of approximately $196 million
- Adjusted EBITDA of at least $45 million
- Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65%
- Five new center openings
- Pre-opening costs are projected to be approximately $5 million for the full year 2023