NASDAQ$OSW

OneSpaWorld Holdings Limited · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a positive start to the year with significant revenue increase and positive adjusted EBITDA, despite Omicron's impact.

OneSpaWorld reported a strong start to 2022 with a significant increase in revenue compared to Q1 2021, marking the fifth consecutive quarter of sequential revenue growth. The company achieved positive adjusted EBITDA and adjusted net income, along with a better-than-expected cash burn rate. As of March 31, 2022, operations had resumed on 127 cruise ships and in 48 destination resort spas.

  • Net Revenues of $87.7 million.
  • Cash burn rate of $1.9 million, better than guidance.
  • Ended Q1 with total liquidity of $44 million.
  • Expects to be operating on 174 cruise ships by the end of the third quarter.

Headline financials

Total Revenue

$87.7M

Previous: $5.59M+1468.2%
EPS (adj)

-$0.03

Previous: -$0.17+82.4%
Adjusted EBITDA

$2.3M

Previous: -$9.4M+124.5%
Free Cash Flow

-$6.32M

Previous: -$45.6M+86.1%
Net Income

-$6.32M

Previous: -$45.6M+86.1%
Operating Income

-$6.42M

Previous: -$18.9M+66.0%
Gross Profit

$87.7M

Previous: $5.59M+1468.2%
Cash & Equivalents

$29.1M

Previous: $50.8M-42.8%
Total Assets

$686M

Previous: $705M-2.7%
Stock-Based Comp

$3.29M

Previous: $3.63M-9.5%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$87.7M

Q1 2022+1,468.2%vs Q1 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

OneSpaWorld · $87.7M total across 2 segments · Q1 2022

  • Service revenues
    $71.2M
  • Product revenues
    $16.5M

Forward guidance

The Company is not providing financial guidance due to the ongoing business disruption and substantial uncertainty surrounding the impact of the COVID-19 pandemic on its business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.7%

Avg return

30 days after

42%

14 / 33 earnings

Positive

+16.8%

Q1 2024

Best reaction

-10.7%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%-1.3%-0.1%
Q4 2025-4.8%-7.4%-10.3%
Q3 2025+3.0%+8.4%-4.1%
Q1 2025-5.3%+3.9%+6.9%
Q4 2024+0.6%-17.6%-23.4%
Q3 2024+0.3%+0.3%+8.8%
Q2 2024-5.2%-10.0%-5.4%
Q1 2024+16.8%+15.7%+22.2%
Q4 2023-7.1%-7.7%-5.7%
Q3 2023+1.0%+4.4%+16.7%
Q2 2023-4.0%-5.1%-8.1%
Q1 2023-3.2%-4.5%-12.5%
Q4 2022+8.5%+9.2%+7.1%
Q3 2022+4.8%+10.4%+13.7%
Q2 2022+13.2%+16.9%+15.4%
Q1 2022-6.9%-14.4%-7.2%
Q4 2021+5.3%-1.5%+6.2%
Q3 2021+11.4%+12.5%-14.4%
Q2 2021+6.2%+2.2%+2.6%
Q1 2021+0.8%+8.4%+11.6%
Q4 2020-0.5%-3.1%-1.9%
Q3 2020-10.7%-5.9%+2.0%
Q2 2020-9.4%-8.9%+16.9%
Q1 2020-4.6%+10.4%+15.9%
Q4 2019-1.3%-1.4%-66.7%
Q3 2019-6.9%-6.0%-0.4%
Q2 2019-0.8%-1.1%+5.2%
Q1 2019-1.9%-2.3%-5.6%
Q4 2018+0.1%-1.6%-8.5%
Q3 2018+0.0%+0.0%+0.4%
Q2 2018+0.0%+0.4%+0.1%
Q1 2018+0.0%+0.1%+0.5%
Q4 2017+0.0%+0.0%+0.0%
Q3 2017
Q2 2017
Q1 2017

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