NASDAQ$OSW

OneSpaWorld Holdings Limited · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Third quarter performance was highlighted by significant growth in revenue and operating profitability compared to prior year and the 2021 second quarter.

OneSpaWorld's total revenues were $43.6 million, with an adjusted EBITDA loss of $4.6 million. Destination resorts spas generated positive EBITDA, and the company ended the quarter with $46 million in total liquidity.

  • Total revenues were $43.6 million.
  • Adjusted EBITDA was a loss of $4.6 million.
  • Destination resorts spas generated positively EBITDA in the quarter.
  • Ended the quarter with total liquidity of $46 million.

Headline financials

Total Revenue

$43.6M

Previous: $1.79M+2339.1%
EPS (adj)

-$0.11

Previous: -$0.20+45.0%
Free Cash Flow

-$12.3M

Previous: -$22.4M+45.0%
Net Income

-$12.3M

Previous: -$22.4M+45.0%
Operating Income

-$12.2M

Previous: -$19.4M+37.2%
Gross Profit

$41.6M

Previous: $699K+5856.4%
Cash & Equivalents

$32.7M

Previous: $47.3M-30.9%
Total Assets

$685M

Previous: $717M-4.4%
Stock-Based Comp

$2.06M

Previous: $1.11M+85.5%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$43.6M

Q3 2021+2,339.1%vs Q3 2020
Beat estimate in 8 of 13 quarters(62%)
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

OneSpaWorld expects to record a sequential improvement in revenue and profitability in the fourth quarter as compared to the third quarter 2021 results and generate positive cash flow from operations in December. The company continues to expect to incur a net loss on a GAAP and adjusted basis for the fourth quarter and fiscal year.

Tailwinds

  • Expect to record a sequential improvement in revenue in the fourth quarter as compared to the third quarter 2021 results
  • Expect to record a sequential improvement in profitability in the fourth quarter as compared to the third quarter 2021 results
  • Expect to generate positive cash flow from operations in December

Headwinds

  • Continue to not provide guidance due to the ongoing business disruption and uncertainty surrounding the continued impact to our business from the COVID-19 pandemic.
  • Continue to expect to incur a net loss on a GAAP basis for the fourth quarter and fiscal year.
  • Continue to expect to incur a net loss on an adjusted basis for the fourth quarter and fiscal year.

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 Q3 2021

Historical avgQ3 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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