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Mar 31, 2022
OneSpaWorld Q1 2022 Earnings Report
Reported a positive start to the year with significant revenue increase and positive adjusted EBITDA, despite Omicron's impact.
Key Takeaways
OneSpaWorld reported a strong start to 2022 with a significant increase in revenue compared to Q1 2021, marking the fifth consecutive quarter of sequential revenue growth. The company achieved positive adjusted EBITDA and adjusted net income, along with a better-than-expected cash burn rate. As of March 31, 2022, operations had resumed on 127 cruise ships and in 48 destination resort spas.
Net Revenues of $87.7 million.
Cash burn rate of $1.9 million, better than guidance.
Ended Q1 with total liquidity of $44 million.
Expects to be operating on 174 cruise ships by the end of the third quarter.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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