NASDAQ$AIRS

AirSculpt Technologies Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

AirSculpt Technologies announced results for the third quarter ended September 30, 2022.

AirSculpt Technologies reported a 12.2% increase in revenue compared to the prior year period, reaching $38.9 million. The company's growth was primarily driven by new center openings. However, the company experienced a net loss of $(7.4) million, impacted by increased equity-based compensation and public company related costs.

  • Revenue increased 12.2% from prior year period to $38.9 million.
  • Paid special dividend of approximately $25 million.
  • First international center in Toronto scheduled to open in November.
  • Opened center in Philadelphia.

Headline financials

Total Revenue

$38.9M

Previous: $34.7M+12.2%
EPS (adj)

-$0.13

Previous: $0.11-218.2%
Revenue per Case

$13.5K

Previous: $20.30+66446.8%
Adjusted EBITDA

$9.17M

Previous: $12.1M-24.2%
Adj. EBITDA Margin

23.6%

No prior period
Capital Expenditures

-$10.7M

No prior period
Free Cash Flow

-$18.1M

No prior period
Net Income

-$7.38M

Previous: $8.1M-191.1%
Operating Income

-$1.38M

Previous: $8.5M-116.2%
Gross Profit

-$14.9M

Previous: $23.2M-164.1%
Cash & Equivalents

$7.6M

Previous: $20.7M-63.3%
Total Assets

$194M

No prior period
Stock-Based Comp

$7.37M

No prior period

Revenue & EPS history

AirSculpt · Revenue · Quarterly

$38.9M

Q3 2022+12.2%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The Company is reducing its revenue outlook to a range of $168-170 million and is lowering its Adjusted EBITDA outlook to a range of $45-47 million. The Company anticipates opening a total of four centers in 2022 which includes Philadelphia and Toronto.

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 Q3 2022

Historical avgQ3 2022

-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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