NASDAQ$OSW

OneSpaWorld Holdings Limited · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

OneSpaWorld's Q2 2020 performance was significantly impacted by the global COVID-19 pandemic, resulting in a 99% decrease in total revenues.

OneSpaWorld's Q2 2020 results were significantly impacted by the COVID-19 pandemic, with total revenues decreasing by 99% to $1.0 million. The company reported a net loss of $31.4 million and an adjusted EBITDA of ($20.1) million. To enhance liquidity, the company completed a $75 million equity financing.

  • Total revenues decreased 99% to $1.0 million compared to $140.4 million in the second quarter of fiscal 2019, primarily pertaining to e-commerce sales of products.
  • Net loss attributable to OneSpaWorld was ($31.4) million as compared to net income of $3.6 million in the second quarter of fiscal 2019.
  • Adjusted EBITDA was ($20.1) million as compared to $15.0 million in the second quarter of 2019.
  • Cash and borrowing capacity under our line of credit at the end of the second fiscal quarter totalled $79.6 million as compared to $20.5 million at the end of the first quarter of fiscal 2020.

Headline financials

Total Revenue

$998K

Previous: $140M-99.3%
EPS (adj)

-$0.37

Previous: $0.12-408.3%
Adjusted EBITDA

-$20.1M

Previous: $15M-234.0%
Free Cash Flow

-$31.4M

Previous: $3.61M-970.2%
Net Income

-$31.4M

Previous: $3.61M-970.2%
Operating Income

-$27.4M

Previous: $8.1M-438.6%
Gross Profit

$498K

Previous: $140M-99.6%
Cash & Equivalents

$64.7M

Previous: $14.4M+348.0%
Total Assets

$744M

Previous: $930M-20.0%
Stock-Based Comp

$424K

No prior period

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$998K

Q2 2020-99.3%vs Q2 2019
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Revenue by segment

OneSpaWorld · $998K total across 2 segments · Q2 2020

  • Product revenues
    $784K
  • Service revenues
    $214K

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 Q2 2020

Historical avgQ2 2020

+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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