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Sep 30, 2022
OneSpaWorld Q3 2022 Earnings Report
Reported record net revenues and positive cash flow.
Key Takeaways
OneSpaWorld reported a strong third quarter with record net revenues of $162.3 million, 12% above Q3 2019, positive net income, and positive cash flow. The company ended the quarter with a strong financial position, including $57.1 million in total liquidity.
Achieved record net revenues of $162.3 million, exceeding pre-pandemic levels.
Generated positive cash flow from operations of $12.5 million.
Reported positive net income, a significant improvement from the previous year.
Ended the quarter with total liquidity of $57.1 million.
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 years 2022 and 2023, the Company currently expects to report GAAP net income and generate positive Adjusted EBITDA and positive Adjusted net income.
Positive Outlook
- Expects to report GAAP net income for fiscal years 2022 and 2023.
- Expects to generate positive Adjusted EBITDA for fiscal years 2022 and 2023.
- Expects to generate positive Adjusted net income for fiscal years 2022 and 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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