OneSpaWorld Q2 2022 Earnings Report
Key Takeaways
OneSpaWorld reported strong second-quarter results with net revenue reaching $127.4 million, representing over 90% of 2019 levels. The company generated positive free cash flow and ended the quarter with $46.9 million in total liquidity. The company expects to be operating on 173 cruise ships by the end of the third quarter.
Net revenues reached $127.4 million.
Positive quarterly cash flow from operations of $4.9 million.
Ended the quarter with total liquidity of $46.9 million.
Expects to be operating on 173 cruise ships by the end of the third quarter.
OneSpaWorld
OneSpaWorld
OneSpaWorld Revenue by Segment
Forward Guidance
The Company is not providing financial guidance pending its establishment of normalized operations of substantially all of its health and wellness centers onboard its contracted cruise ships following the business disruption and adverse impact of the COVID-19 pandemic on its business. Notwithstanding the foregoing, for fiscal year 2022, the Company expects to report a GAAP net loss and generate positive adjusted EBITDA and positive adjusted net income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income