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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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