OneSpaWorld Q2 2021 Earnings Report
Key Takeaways
OneSpaWorld reported a significant sequential improvement in financial performance during the second quarter, driven by the resumption of voyages and destination resort spa operations. Total revenues reached $9.2 million, and the company ended the quarter with $54.8 million in total liquidity.
Financial performance improved due to resumed voyages and spa operations.
Customer demand was strong, with customer spend above 2019 levels.
Liquidity was maintained at $54.8 million, positively impacted by a lower cash burn rate.
Company focuses on investing to enhance competitive position and maintain safety protocols.
OneSpaWorld
OneSpaWorld
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. The Company expects to sustain a GAAP and adjusted net loss for the third quarter of fiscal 2021 and fiscal year 2021.