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Sep 30, 2022
F45 Q3 2022 Earnings Report
Reported financial results for the fiscal third quarter and announced the formation of a Special Committee and the engagement of advisors.
Key Takeaways
F45 Training Holdings Inc. reported Q3 2022 total revenue of $29.3 million and Adjusted EBITDA of $6.1 million. They had 84 Net Initial Studio Openings, bringing the global Total Studio count to 2,042. Same store sales growth of 16% and record system-wide sales of $130.6 million, representing year-over-year growth of 31%.
Total revenue increased from the prior year period by 8% to $29.3 million.
Same-store sales increased 16% globally and 11% in the United States.
System-wide sales increased 31% globally to $130.6 million, and 32% in the United States to $61.1 million.
Net loss was $60.0 million, compared to net loss of $130.2 million in the prior year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is reaffirming the following financial guidance for the year ending December 31, 2022 as described in the strategic outlook announcement on July 26, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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