Luxurban Earnings Reports

LuxUrban Hotels Inc. announced it would host a webcast to review the results of the second quarter of 2024.

LuxUrban Hotels Inc. reported a net loss of $78.5 million for 2023, which included significant non-cash charges and non-recurring cash costs. However, the company saw a substantial increase in net rental revenue and EBITDA, indicating underlying business strength. They are focusing on measured expansion and improving financial stability in 2024.

LuxUrban Hotels Inc. announced strong Q3 2023 results, featuring significant increases in net rental revenue to $31.2 million and EBITDA to $8.4 million. The company achieved its first-ever quarter of GAAP net income of $4.9 million, or $0.11 per share. The company's collaboration with Wyndham Hotels & Resorts has accelerated growth.

LuxUrban Hotels Inc. reported a net rental revenue increase to $31.9 million, EBITDA improved to $8.4 million, and cash net income rose to $7.2 million for Q2 2023. The company's net loss of $(26.8) million included $28.5 million of one-time, non-cash financing costs. The company significantly reduced its debt profile and expects a strong second half of the year.

LuxUrban Hotels Inc. announced record 2022 financial results with net rental revenue rising 105% to $43.8 million from $21.4 million in 2021. The company reported a net loss of $(9.4) million, which included approximately $9.0 million of non-cash charges and $4.1 million of one-time costs. Adjusted cash net income was $3.8 million for 2022, and Adjusted EBITDA rose to $12.4 million.