NYSE$DSHK

Drive Shack Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Drive Shack's Q4 2019 results highlighted the strength of new venues and progress in Urban Box development.

Drive Shack Inc. reported its Q4 and full year 2019 financial results, highlighting the strong performance of its Generation 2.0 venues and progress in the development of its Urban Box concept. The company opened its third Generation 2.0 Drive Shack venue in West Palm Beach, FL during the quarter. The company reported a loss of $17 million, or ($0.25) per share, compared to a loss of $5 million, or ($0.07) share, in the corresponding period of the prior year.

  • Generation 2.0 Drive Shack venues produced strong results, generating $15 million of revenue in the second half of 2019.
  • The company successfully opened its third Generation 2.0 Drive Shack venue in West Palm Beach, FL on October 14th.
  • Two new Urban Box sites were announced in Dallas, TX and Charlotte, NC.
  • The company expects to open 4 new venues in 2020.

Headline financials

Total Revenue

$272M

Previous: $69.3M+292.7%
EPS (adj)

-$0.25

Previous: -$0.07-257.1%
Net Income

-$15.3M

Previous: -$394K-3773.9%
Operating Income

-$20.1M

Previous: -$179K-11114.8%
Gross Profit

$2.05M

Previous: $1.99M+3.0%
Cash & Equivalents

$28.4M

Previous: $79.2M-64.1%
Total Assets

$516M

Previous: $402M+28.4%
Stock-Based Comp

-$1.47M

Previous: $895K-263.8%

Revenue & EPS history

Drive Shack · Revenue · Quarterly

$272M

Q4 2019+292.7%vs Q4 2018
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

Drive Shack · $71.8M total across 2 segments · Q4 2019

  • Golf Operations
    $53.6M+1.1%
  • Sales of Food and Beverages
    $18.2M+11.9%

Forward guidance

Drive Shack plans to double the number of operating entertainment golf venues by the end of 2020 and operate nearly 60 entertainment venues by the end of 2023.

Historical earnings impact

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

Avg. return before/after earnings

Based on 9 quarterly earnings reports

Historical avg

-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%——
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Q4 2009———
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