NYSE$DSHK

Drive Shack Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a 17% increase in total revenue, driven by growth in event sales and the addition of new Puttery venues.

Drive Shack Inc. reported a 17% increase in total revenue for Q2 2022, reaching $86.7 million compared to $73.9 million in Q2 2021. This growth was primarily driven by increased event sales across American Golf and Drive Shack venues, as well as revenue generated by new Puttery venues. However, the company experienced an operating loss of $6.4 million and a net loss of $9.6 million, attributed to strategic investments in Puttery's development and other related expenses.

  • Total revenue increased by 17% to $86.7 million compared to Q2 2021.
  • American Golf event revenue increased by 311%, and Drive Shack event revenue increased by 106% compared to Q2 2021.
  • Puttery venues generated total revenue of $4.5 million in Q2 2022.
  • The company experienced an operating loss of $6.4 million and a net loss of $9.6 million.

Headline financials

Total Revenue

$86.7M

Previous: $73.9M+17.3%
EPS (adj)

-$0.12

Previous: -$0.03-300.0%
Net Income

-$9.43M

Previous: -$1.97M-379.1%
Operating Income

-$6.36M

Previous: $1.05M-704.1%
Gross Profit

$80.9M

Previous: $70.7M+14.4%
Cash & Equivalents

$22.7M

Previous: $81.4M-72.1%
Total Assets

$458M

Previous: $496M-7.6%
Stock-Based Comp

$140K

Previous: $557K-74.9%

Revenue & EPS history

Drive Shack · Revenue · Quarterly

$86.7M

Q2 2022+17.3%vs Q2 2021
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Drive Shack · $7.38M total across 1 segment · Q4 2020

  • Sales of Food and Beverages
    $7.38M-59.5%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 9 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.5%

Avg return

Earnings day

+4.5%

Avg return

5 days after

+3.1%

Avg return

30 days after

29%

9 / 31 earnings

Positive

+19.9%

Q3 2022

Best reaction

-19.0%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025-19.0%-11.4%-36.3%
Q4 2024-5.9%+5.9%+41.2%
Q4 2023+0.0%+0.0%-30.8%
Q3 2023+0.0%-4.5%-4.5%
Q2 2023+0.0%-2.5%-33.1%
Q1 2023-2.4%-1.2%-25.8%
Q4 2022+0.0%+26.7%+206.4%
Q3 2022+19.9%+33.7%-40.7%
Q2 2022-12.4%-15.0%-35.0%
Q1 2022+10.2%+13.1%-10.2%
Q4 2021-8.5%
Q3 2021-9.9%
Q2 2021+3.8%
Q1 2021+6.6%
Q4 2020+19.2%
Q3 2020-2.1%
Q2 2020-5.6%
Q1 2020-7.5%
Q4 2019-13.4%
Q3 2019-3.6%
Q2 2019-1.9%
Q1 2019+1.6%
Q4 2018+6.4%
Q3 2018-11.4%
Q2 2018-12.3%
Q1 2018-2.7%
Q4 2017-1.6%
Q3 2017+4.1%
Q4 2016+4.1%
Q2 2017-3.5%
Q1 2017+0.0%
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2009
Q4 2012
Q3 2012
Q4 2011
Q2 2012
Q1 2011
Q1 2012
Q3 2011
Q3 2010
Q2 2011
Q2 2010
Q1 2010

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