OneSpaWorld Q4 2021 Earnings Report
Key Takeaways
OneSpaWorld reported a strong finish to 2021, with Q4 revenue nearly doubling Q3 revenue and significant year-over-year growth. The company achieved positive adjusted EBITDA for the first time since the pandemic began. Key operating metrics compared favorably with Q4 2019 performance. The company ended the quarter with total liquidity of $45.8 million.
Total revenues were $85.7 million compared to $3.8 million in Q4 2020.
Net loss was ($10.9) million compared to a loss of ($71.4) million in Q4 2020.
Adjusted EBITDA was $4.8 million compared to an adjusted EBITDA loss of ($15.4) million in Q4 2020.
Cash and borrowing capacity totaled $45.8 million, with a cash burn rate of $5.3 million for the quarter.
OneSpaWorld
OneSpaWorld
OneSpaWorld 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. The Company expects to sustain a GAAP and adjusted net loss for the first quarter of fiscal 2022. However, for the fiscal year 2022, the Company expects to sustain 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