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Dec 31, 2021
F45 Q4 2021 Earnings Report
F45 reported record revenues and Adjusted EBITDA, exceeding 1,000 franchise sales, and opened over 300 franchises globally.
Key Takeaways
F45 Training Holdings Inc. reported a significant increase in revenue for Q4 2021, driven by franchise and equipment revenue growth. The company's net income was $14.8 million, a substantial improvement compared to the previous year's net loss of $32.8 million. Adjusted EBITDA also saw a considerable increase, reaching $25.9 million.
Total revenue increased by 242% to $61.8 million compared to Q4 2020.
Net income was $14.8 million, a significant turnaround from the net loss of $32.8 million in Q4 2020.
Adjusted EBITDA increased by 376% to $25.9 million compared to the prior year period.
Net Franchises Sold totaled 290 compared to 30 in the prior year period.
Revenue by Segment
Forward Guidance
The Company is providing financial guidance for the year ending December 31, 2022, assuming no significant worsening of the COVID-19 pandemic that materially impacts performance.
Positive Outlook
- Full-year net New Franchises Sold of approximately 1,000.
- Full-year net Initial Studio Openings of approximately 1,000, which is expected to be weighted towards the back half of the year.
- Full-year revenue between $255 million and $275 million.
- Full-year Adjusted EBITDA between $90 million and $100 million.
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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