NASDAQ$OSW

OneSpaWorld Holdings Limited · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

OneSpaWorld's financial performance significantly improved in Q2 2021 due to resumption of voyages and spa operations, with customer spend exceeding 2019 levels.

OneSpaWorld reported a significant sequential improvement in financial performance during the second quarter, driven by the resumption of voyages and destination resort spa operations. Total revenues reached $9.2 million, and the company ended the quarter with $54.8 million in total liquidity.

  • Financial performance improved due to resumed voyages and spa operations.
  • Customer demand was strong, with customer spend above 2019 levels.
  • Liquidity was maintained at $54.8 million, positively impacted by a lower cash burn rate.
  • Company focuses on investing to enhance competitive position and maintain safety protocols.

Headline financials

Total Revenue

$9.16M

Previous: $998K+817.3%
EPS (adj)

-$0.16

Previous: -$0.37+56.8%
Adjusted EBITDA

-$9.7M

Previous: -$20.1M+51.7%
Free Cash Flow

$305K

Previous: -$31.4M+101.0%
Net Income

$305K

Previous: -$31.4M+101.0%
Operating Income

-$17M

Previous: -$27.4M+38.1%
Gross Profit

$8.66M

Previous: $498K+1638.0%
Cash & Equivalents

$39.9M

Previous: $64.7M-38.4%
Total Assets

$690M

Previous: $744M-7.2%
Stock-Based Comp

$1.73M

Previous: $424K+307.8%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$9.16M

Q2 2021+817.3%vs Q2 2020
Beat estimate in 7 of 12 quarters(58%)
ActualEstimate

Revenue by segment

OneSpaWorld · $216M total across 2 segments · Q3 2023

  • Service revenues
    $176M+32.4%
  • Product revenues
    $40.4M+37.0%

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. The Company expects to sustain a GAAP and adjusted net loss for the third quarter of fiscal 2021 and fiscal year 2021.

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 2021

Historical avgQ2 2021

+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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