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Dec 31, 2022
AirSculpt Q4 2022 Earnings Report
AirSculpt's Q4 2022 earnings reflected an increase in revenue and cases, but a net loss was reported due to increased equity-based compensation and debt extinguishment costs.
Key Takeaways
AirSculpt Technologies announced an 8.4% increase in revenue for Q4 2022, reaching $40.7 million, and a 15.7% increase in cases. However, the company reported a net loss of $7.2 million for the quarter, impacted by increased equity-based compensation and a loss on debt extinguishment.
Fourth quarter cases increased 15.7% over the prior year.
Fourth quarter revenue increased 8.4% over the prior year.
Fourth quarter cash flow from operating activities was $6.6 million.
The first international center was opened in Toronto, with five planned openings in 2023.
Forward Guidance
The Company projects full year 2023 revenue and adjusted EBITDA guidance as follows:
Positive Outlook
- Revenues in a range of $187 to $192 million
- Adjusted EBITDA in a range of $48 to $50 million
- Adjusted EBITDA to cash flow from operations conversion ratio of approximately 55%
- The addition of five new centers, three in the first half of the year and two in the second half of the year
- First quarter revenue of approximately $43 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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