NASDAQ$AIRS

AirSculpt Technologies Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

AirSculpt Technologies reported third quarter results, showing revenue growth and progress in new center openings.

AirSculpt Technologies announced a 20.3% increase in revenue compared to the prior year, reaching $46.8 million. The company reported a net loss of $1.7 million, an improvement from the previous year's $7.4 million loss. They opened facilities in San Jose, CA and Raleigh, NC.

  • Cases increased 19.0% over the prior year period to 3,426.
  • Revenue increased 20.3% over the prior year to $46.8 million.
  • Net loss of $(1.7) million for the quarter compared to $(7.4) million in the prior year period.
  • Opened facilities in San Jose, CA and Raleigh, NC.

Headline financials

Total Revenue

$46.8M

Previous: $38.9M+20.3%
EPS (adj)

$0.05

Previous: -$0.13+138.5%
Revenue per Case

$13.7K

Previous: $13.5K+1.1%
Adjusted EBITDA

$9.08M

Previous: $9.17M-1.1%
Adj. EBITDA Margin

19.4%

Previous: 23.6%-17.8%
Capital Expenditures

-$8.09M

Previous: -$10.7M+24.6%
Free Cash Flow

-$9.76M

Previous: -$18.1M+46.1%
Net Income

-$1.67M

Previous: -$7.38M+77.4%
Operating Income

$955K

Previous: -$1.38M+169.5%
Gross Profit

-$18.2M

Previous: -$14.9M-22.1%
Cash & Equivalents

$8.66M

Previous: $7.6M+13.9%
Total Assets

$204M

Previous: $194M+5.3%
Stock-Based Comp

$4.49M

Previous: $7.37M-39.1%

Revenue & EPS history

AirSculpt · Revenue · Quarterly

$46.8M

Q3 2023+20.3%vs Q3 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The company reaffirms full year 2023 revenue and adjusted EBITDA guidance.

Tailwinds

  • Revenues of approximately $196 million
  • Adjusted EBITDA of at least $45 million
  • Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65%
  • Five new center openings
  • Pre-opening costs are projected to be approximately $5 million for the full year 2023

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 2023

Historical avgQ3 2023

-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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