NASDAQ$AIRS

AirSculpt Technologies Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AirSculpt's Q4 2022 earnings reflected an increase in revenue and cases, but a net loss was reported due to increased equity-based compensation and debt extinguishment costs.

AirSculpt Technologies announced an 8.4% increase in revenue for Q4 2022, reaching $40.7 million, and a 15.7% increase in cases. However, the company reported a net loss of $7.2 million for the quarter, impacted by increased equity-based compensation and a loss on debt extinguishment.

  • Fourth quarter cases increased 15.7% over the prior year.
  • Fourth quarter revenue increased 8.4% over the prior year.
  • Fourth quarter cash flow from operating activities was $6.6 million.
  • The first international center was opened in Toronto, with five planned openings in 2023.

Headline financials

Total Revenue

$40.7M

Previous: $37.6M+8.4%
EPS (adj)

$0.07

Previous: -$0.25+128.0%
Revenue per Case

$12.2K

No prior period
Adjusted EBITDA

$9M

No prior period
Adj. EBITDA Margin

22.1%

Previous: 27.2%-18.7%
Capital Expenditures

$2.2M

Previous: $2.39M-8.2%
Free Cash Flow

$4.45M

Previous: -$8.1M+154.9%
Net Income

-$7.19M

Previous: -$14.2M+49.2%
Operating Income

-$5.96M

Previous: -$12.3M+51.4%
Gross Profit

$25M

Previous: $24.5M+2.0%
Cash & Equivalents

$9.62M

Previous: $25.3M-62.1%
Total Assets

$201M

Previous: $201M+0.1%
Stock-Based Comp

$7.5M

Previous: $6.93M+8.2%

Revenue & EPS history

AirSculpt · Revenue · Quarterly

$40.7M

Q4 2022+8.4%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

The Company projects full year 2023 revenue and adjusted EBITDA guidance as follows:

Tailwinds

  • Revenues in a range of $187 to $192 million
  • Adjusted EBITDA in a range of $48 to $50 million
  • Adjusted EBITDA to cash flow from operations conversion ratio of approximately 55%
  • The addition of five new centers, three in the first half of the year and two in the second half of the year
  • First quarter revenue of approximately $43 million

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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