NASDAQ$OSW

OneSpaWorld Holdings Limited · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong Q4 2021 financial results with revenue nearly double Q3 2021 and positive adjusted EBITDA.

OneSpaWorld reported a strong finish to 2021, with Q4 revenue nearly doubling Q3 revenue and significant year-over-year growth. The company achieved positive adjusted EBITDA for the first time since the pandemic began. Key operating metrics compared favorably with Q4 2019 performance. The company ended the quarter with total liquidity of $45.8 million.

  • Total revenues were $85.7 million compared to $3.8 million in Q4 2020.
  • Net loss was ($10.9) million compared to a loss of ($71.4) million in Q4 2020.
  • Adjusted EBITDA was $4.8 million compared to an adjusted EBITDA loss of ($15.4) million in Q4 2020.
  • Cash and borrowing capacity totaled $45.8 million, with a cash burn rate of $5.3 million for the quarter.

Headline financials

Total Revenue

$85.7M

Previous: $3.83M+2135.7%
EPS (adj)

-$0.01

Previous: -$0.24+95.8%
Adjusted EBITDA

$4.8M

Previous: -$15.4M+131.1%
Free Cash Flow

$3.09M

No prior period
Net Income

-$10.9M

Previous: -$28M+61.0%
Operating Income

-$4.04M

Previous: -$25.1M+83.9%
Gross Profit

$11.5M

Previous: -$9.85M+216.4%
Cash & Equivalents

$32.8M

Previous: $41.6M-21.1%
Total Assets

$689M

Previous: $702M-1.9%
Stock-Based Comp

$3.23M

Previous: $2.99M+7.9%

Revenue & EPS history

OneSpaWorld · Revenue · Quarterly

$85.7M

Q4 2021+2,135.7%vs Q4 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

OneSpaWorld · $85.7M total across 2 segments · Q4 2021

  • Service revenues
    $68.8M
  • Product revenues
    $16.8M

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 first quarter of fiscal 2022. However, for the fiscal year 2022, the Company expects to sustain 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 Q4 2021

Historical avgQ4 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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