Loading...
•
Mar 31, 2021
OneSpaWorld Q1 2021 Earnings Report
OneSpaWorld's financial performance was negatively impacted by the global COVID-19 pandemic, resulting in significant revenue decline due to cruise cancellations and resort closures.
Key Takeaways
OneSpaWorld reported a significant decrease in revenue due to the COVID-19 pandemic's impact on cruise and resort operations. The company ended the quarter with $65.7 million in total liquidity and expects resumption of operations to accelerate in the third quarter.
Total revenues decreased to $5.6 million, compared to $114.3 million in the first quarter of 2020.
Net loss was $45.6 million, compared to $148.4 million in the first quarter of 2020.
Adjusted EBITDA was ($9.4) million, as compared to $5.1 million in the first quarter of 2020.
Ended the quarter with total liquidity of $65.7 million, $9.3 million above year end.
Forward Guidance
The Company is not providing financial guidance due to the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business. Notwithstanding the foregoing, the Company expects to sustain a GAAP and adjusted net loss for the second quarter of fiscal 2021.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...