NASDAQ$AIRS

AirSculpt Technologies Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

AirSculpt reported double-digit revenue growth for the fourth quarter and full year 2023.

AirSculpt Technologies reported a 17.0% increase in fourth-quarter revenue, reaching $47.6 million. The company's net loss improved to $4.6 million, and adjusted EBITDA rose by 27.9% to $10.1 million. They ended the year with 27 facilities compared to 22 facilities and grew revenue per case in the fourth quarter.

  • Fourth quarter revenue increased 17.0% to $47.6 million and full year increased 16.1% to $195.9 million from the prior year periods.
  • Fourth quarter net loss improved $2.6 million to $4.6 million and full year net loss improved $10.2 million to $4.5 million loss as compared to the prior year periods
  • Fourth quarter adjusted EBITDA rose 27.9% to $10.1 million, and full year adjusted EBITDA rose 11.2% to $43.2 million, from the prior year periods
  • Ended the year with 27 facilities compared to 22 facilities and grew revenue per case in the fourth quarter and full year over the prior periods

Headline financials

Total Revenue

$47.6M

Previous: $40.7M+17.0%
EPS (adj)

$0.01

Previous: $0.07-85.7%
Revenue per Case

$12.9K

Previous: $12.2K+6.1%
Case Volume

3.7K

No prior period
Adjusted EBITDA

$10.1M

Previous: $9M+12.2%
Capital Expenditures

$1.83M

Previous: $2.2M-16.8%
Net Income

-$4.57M

Previous: -$7.19M+36.4%
Operating Income

$1.4M

Previous: -$5.96M+123.5%
Gross Profit

$27M

Previous: $25M+8.0%
Stock-Based Comp

$4.74M

Previous: $7.5M-36.8%

Revenue & EPS history

AirSculpt · Revenue · Quarterly

$47.6M

Q4 2023+17%vs Q4 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

The Company projects full year 2024 revenue and adjusted EBITDA guidance as follows:

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 Q4 2023

Historical avgQ4 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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