NASDAQ$OSW

OneSpaWorld Holdings Limited · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record net revenues and positive cash flow.

OneSpaWorld reported a strong third quarter with record net revenues of $162.3 million, 12% above Q3 2019, positive net income, and positive cash flow. The company ended the quarter with a strong financial position, including $57.1 million in total liquidity.

  • Achieved record net revenues of $162.3 million, exceeding pre-pandemic levels.
  • Generated positive cash flow from operations of $12.5 million.
  • Reported positive net income, a significant improvement from the previous year.
  • Ended the quarter with total liquidity of $57.1 million.

Headline financials

Total Revenue

$162M

Previous: $43.6M+271.9%
EPS (adj)

$0.13

Previous: -$0.11+218.2%
Adjusted EBITDA

$18.3M

No prior period
Free Cash Flow

$5.91M

Previous: -$12.3M+147.9%
Net Income

$5.91M

Previous: -$12.3M+147.9%
Operating Income

$9.83M

Previous: -$12.2M+180.8%
Gross Profit

$160M

Previous: $41.6M+285.0%
Cash & Equivalents

$35.2M

Previous: $32.7M+7.8%
Total Assets

$699M

Previous: $685M+2.0%
Stock-Based Comp

$3.18M

Previous: $2.06M+54.2%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$162M

Q3 2022+271.9%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

OneSpaWorld · $162M total across 2 segments · Q3 2022

  • Service revenues
    $133M
  • Product revenues
    $29.5M

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 years 2022 and 2023, the Company currently expects to report GAAP net income and generate positive Adjusted EBITDA and positive Adjusted net income.

Tailwinds

  • Expects to report GAAP net income for fiscal years 2022 and 2023.
  • Expects to generate positive Adjusted EBITDA for fiscal years 2022 and 2023.
  • Expects to generate positive Adjusted net income for fiscal years 2022 and 2023.

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 2022

Historical avgQ3 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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