NASDAQ$OSW

OneSpaWorld Holdings Limited · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Achieved significant growth in net revenue and adjusted EBITDA compared to the second quarter last year while generating positive free cash flow.

OneSpaWorld reported strong second-quarter results with net revenue reaching $127.4 million, representing over 90% of 2019 levels. The company generated positive free cash flow and ended the quarter with $46.9 million in total liquidity. The company expects to be operating on 173 cruise ships by the end of the third quarter.

  • Net revenues reached $127.4 million.
  • Positive quarterly cash flow from operations of $4.9 million.
  • Ended the quarter with total liquidity of $46.9 million.
  • Expects to be operating on 173 cruise ships by the end of the third quarter.

Headline financials

Total Revenue

$127M

Previous: $9.16M+1291.4%
EPS (adj)

$0.04

Previous: -$0.16+125.0%
Adjusted EBITDA

$9.1M

Previous: -$9.7M+193.8%
Free Cash Flow

$55.9M

Previous: $305K+18225.9%
Net Income

$55.9M

Previous: $305K+18225.9%
Operating Income

$1.02M

Previous: -$17M+106.0%
Gross Profit

$127M

Previous: $8.66M+1371.8%
Cash & Equivalents

$32M

Previous: $39.9M-19.8%
Total Assets

$701M

Previous: $690M+1.6%
Stock-Based Comp

$2.84M

Previous: $1.73M+64.0%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$127M

Q2 2022+1,291.4%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

OneSpaWorld · $127M total across 2 segments · Q2 2022

  • Service revenues
    $104M
  • Product revenues
    $23.8M

Forward guidance

The Company is not providing financial guidance pending its establishment of normalized operations of substantially all of its health and wellness centers onboard its contracted cruise ships following the business disruption and adverse impact of the COVID-19 pandemic on its business. Notwithstanding the foregoing, for fiscal year 2022, the Company expects to report a GAAP net loss and generate positive adjusted EBITDA and positive adjusted net income.

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 2022

Historical avgQ2 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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