Loading...
•
Dec 31, 2023
AirSculpt Q4 2023 Earnings Report
AirSculpt reported double-digit revenue growth for the fourth quarter and full year 2023.
Key Takeaways
AirSculpt Technologies reported a 17.0% increase in fourth-quarter revenue, reaching $47.6 million. The company's net loss improved to $4.6 million, and adjusted EBITDA rose by 27.9% to $10.1 million. They ended the year with 27 facilities compared to 22 facilities and grew revenue per case in the fourth quarter.
Fourth quarter revenue increased 17.0% to $47.6 million and full year increased 16.1% to $195.9 million from the prior year periods.
Fourth quarter net loss improved $2.6 million to $4.6 million and full year net loss improved $10.2 million to $4.5 million loss as compared to the prior year periods
Fourth quarter adjusted EBITDA rose 27.9% to $10.1 million, and full year adjusted EBITDA rose 11.2% to $43.2 million, from the prior year periods
Ended the year with 27 facilities compared to 22 facilities and grew revenue per case in the fourth quarter and full year over the prior periods
AirSculpt
AirSculpt
Forward Guidance
The Company projects full year 2024 revenue and adjusted EBITDA guidance as follows:
Positive Outlook
- Revenues of approximately $220 million
- Adjusted EBITDA of approximately $50 million
- Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65%
- Six new centers to open in the second half of 2024