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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.
AirSculpt
AirSculpt
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