NASDAQ$AIRS

AirSculpt Technologies Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

AirSculpt's Q1 2024 performance was marked by revenue growth and a return to profitability amidst macroeconomic challenges.

AirSculpt Technologies reported a 3.9% increase in revenue to $47.6 million and a net income of $6.0 million for Q1 2024, compared to a net loss in the prior year period. The company experienced softness due to macroeconomic headwinds but saw growth from new locations and investments in customer acquisition.

  • Cases increased by 2.9% year-over-year, reaching 3,746.
  • Revenue grew by 3.9% compared to the prior year, totaling $47.6 million.
  • Net income was $6.0 million, a significant improvement from the $(0.0) million in the prior year period.
  • The company is maintaining its full year 2024 revenue and adjusted EBITDA guidance.

Headline financials

Total Revenue

$47.6M

Previous: $45.8M+3.9%
EPS

$0.10

Previous: $0.10+0.0%
Revenue per Case

$12.7K

Previous: $12.6K+1.0%
Case Volume

3.7K

No prior period
Adjusted EBITDA

$7.34M

Previous: $10.7M-31.6%
Adj. EBITDA Margin

15.4%

Previous: 23.4%-34.2%
Facilities Count

27

No prior period
Procedure Rooms

57

No prior period
Same-Center Cases

3.7K

No prior period
Same-Center Rev/Case

$12.7K

No prior period
Same-Center Facilities

27

No prior period
Same-Center Rooms

57

No prior period
Capital Expenditures

-$1.56M

Previous: -$3.82M+59.1%
Free Cash Flow

$4.47M

Previous: -$3.83M+216.7%
Net Income

$6.03M

Previous: -$14K+43164.3%
Operating Income

$11M

Previous: $1.76M+525.0%
Gross Profit

-$18M

Previous: -$18M-0.1%
Cash & Equivalents

$11M

Previous: $11.3M-2.8%
Total Assets

$203M

Previous: $210M-3.2%
Stock-Based Comp

-$6.78M

No prior period

Revenue & EPS history

AirSculpt · Revenue · Quarterly

$47.6M

Q1 2024+3.9%vs Q1 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The Company is maintaining its full year 2024 revenue and adjusted EBITDA guidance.

Tailwinds

  • Revenues of approximately $220 million
  • Adjusted EBITDA of approximately $50 million
  • Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65%
  • Six new centers to open in the second half of 2024

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-2.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+3.3%

Avg return

30 days after

32%

6 / 19 earnings

Positive

+40.5%

Q1 2023

Best reaction

-41.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.4%-6.3%
Q1 2026+11.6%+34.7%+47.4%
Q3 2025-41.8%-41.8%-71.0%
Q2 2025-10.5%-7.0%-2.4%
Q1 2025+32.5%+13.3%+95.1%
Q4 2024-2.7%+1.7%-38.1%
Q3 2024+15.9%+3.1%-9.9%
Q2 2024-12.9%-4.8%-8.6%
Q1 2024-13.4%-17.3%-20.0%
Q4 2023-4.1%-0.5%-2.7%
Q3 2023-9.7%-9.4%-4.9%
Q2 2023-1.8%+0.5%-6.2%
Q1 2023+40.5%+49.1%+63.8%
Q4 2022-18.6%-12.1%-17.7%
Q3 2022-27.9%-32.1%-29.2%
Q2 2022+20.6%+19.4%+4.2%
Q1 2022-12.1%-10.4%-3.0%
Q4 2021-10.9%-2.6%-1.1%
Q3 2021+5.4%+24.4%+64.3%
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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