NASDAQ$LUXH
Luxurban Hotels Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced 2023 financial results, with a net loss that included non-cash and non-recurring cash costs, but highlighted growth in net rental revenue and EBITDA.
LuxUrban Hotels Inc. reported a net loss of $78.5 million for 2023, which included significant non-cash charges and non-recurring cash costs. However, the company saw a substantial increase in net rental revenue and EBITDA, indicating underlying business strength. They are focusing on measured expansion and improving financial stability in 2024.
- Net Rental Revenue increased by 159% to $113.4 million.
- Net loss of $78.5 million included $61.1 million in non-cash charges and $24.6 million in non-recurring cash costs.
- EBITDA rose by 78% to $25.3 million.
- Adjusted EBITDA increased by 109% to $29.8 million.
Headline financials
Revenue & EPS history
Luxurban · Revenue · Quarterly
$29.1M
Forward guidance
LuxUrban Hotels Inc. expects to increase net rental revenue in 2024 and will provide more specific guidance over the coming quarters.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q1 2024
-3.9%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-25.2%
Avg return
30 days after
50%
5 / 10 earnings
Positive
+11.8%
Q4 2022
Best reaction
-20.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2024 | -3.8% | +3.8% | -72.5% | |
| Q2 2024 | -17.2% | -2.7% | -48.5% | |
| Q1 2024 | -20.2% | -16.2% | -61.8% | |
| Q4 2023 | -20.2% | -16.2% | -61.8% | |
| Q3 2023 | +6.1% | -1.3% | +0.7% | |
| Q2 2023 | +1.0% | +0.7% | +12.7% | |
| Q4 2022 | +11.8% | +7.1% | +18.1% | |
| Q1 2023 | -2.9% | +14.6% | +11.7% | |
| Q3 2022 | +1.0% | — | — | |
| Q2 2022 | +5.1% | — | — | |
| Q1 2022 | — | — | — | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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