NASDAQ$AIRS
AirSculpt Technologies Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
AirSculpt's financial performance improved in the second quarter of 2023, with revenue and net income increasing compared to the prior year period.
AirSculpt Technologies reported a 12.2% increase in revenue to $55.7 million and a net income of $1.8 million for the second quarter of 2023. The company also saw a 13.4% increase in case volume, reflecting strong demand for its minimally invasive body contouring procedures.
- Cases increased 13.4% year-over-year to 4,186.
- Revenue increased 12.2% year-over-year to $55.7 million.
- Net income was $1.8 million, compared to $0.6 million in the prior year period.
- Diluted income per share was $0.03, and diluted adjusted net income per share was $0.13.
Headline financials
Revenue & EPS history
AirSculpt · Revenue · Quarterly
$55.7M
Forward guidance
The Company projects full year 2023 revenue and adjusted EBITDA guidance as follows and expects to perform at the higher end of both revenue and Adjusted EBITDA ranges:
Tailwinds
- Revenues in a range of $187 to $192 million
- Adjusted EBITDA in a range of $43 to $45 million
- Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65%
- Five new center openings
- Expects to open one additional center in the third quarter of 2023 bringing the total of new openings to five and achieving the full year target for center openings.
Headwinds
- Pre-opening costs are projected to be approximately $5 million for the full year 2023.
- Failure to open and operate new centers in a timely and cost-effective manner
- Inability to open new centers due to rising interest rates and increased operating expenses due to rising inflation
- Shortages or quality control issues with third-party manufacturers or suppliers
- Competition for surgeons
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q2 2023
-1.7%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+1.6%
Avg return
30 days after
33%
6 / 18 earnings
Positive
+40.5%
Q1 2023
Best reaction
-41.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +11.6% | +34.7% | — | |
| Q4 2025 | -0.4% | -16.7% | +12.6% | |
| Q3 2025 | -41.8% | -41.8% | -71.0% | |
| 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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