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Sep 30, 2021
OneSpaWorld Q3 2021 Earnings Report
Third quarter performance was highlighted by significant growth in revenue and operating profitability compared to prior year and the 2021 second quarter.
Key Takeaways
OneSpaWorld's total revenues were $43.6 million, with an adjusted EBITDA loss of $4.6 million. Destination resorts spas generated positive EBITDA, and the company ended the quarter with $46 million in total liquidity.
Total revenues were $43.6 million.
Adjusted EBITDA was a loss of $4.6 million.
Destination resorts spas generated positively EBITDA in the quarter.
Ended the quarter with total liquidity of $46 million.
Forward Guidance
OneSpaWorld expects to record a sequential improvement in revenue and profitability in the fourth quarter as compared to the third quarter 2021 results and generate positive cash flow from operations in December. The company continues to expect to incur a net loss on a GAAP and adjusted basis for the fourth quarter and fiscal year.
Positive Outlook
- Expect to record a sequential improvement in revenue in the fourth quarter as compared to the third quarter 2021 results
- Expect to record a sequential improvement in profitability in the fourth quarter as compared to the third quarter 2021 results
- Expect to generate positive cash flow from operations in December
Challenges Ahead
- Continue to not provide guidance due to the ongoing business disruption and uncertainty surrounding the continued impact to our business from the COVID-19 pandemic.
- Continue to expect to incur a net loss on a GAAP basis for the fourth quarter and fiscal year.
- Continue to expect to incur a net loss on an adjusted basis for the fourth quarter and fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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