NYSE$DSHK

Drive Shack Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Drive Shack Inc. updated its financial results for Q4 and full year 2021, reflecting an increase in loss on lease terminations and impairment.

Drive Shack Inc. reported a Q4 2021 revenue increase of 17.0% to $70.5 million compared to the same period last year, driven by growth in both American Golf and entertainment golf businesses. However, the company experienced an operating loss of $7.9 million and a consolidated net loss of $10.0 million, impacted by increased costs and lease termination expenses.

  • Total revenue increased by 17.0% to $70.5 million compared to Q4 2020.
  • American Golf revenue increased by 6.4% to $56.5 million.
  • Entertainment golf revenue increased by 95.1% to $14.0 million, with Puttery venues generating $2.8 million.
  • Operating loss was ($7.9) million, a decrease of $4.2 million in profitability versus Q4 2020.

Headline financials

Total Revenue

$70.5M

Previous: $60.3M+17.0%
EPS (adj)

-$0.12

Previous: $0.13-192.3%
Net Income

-$10M

Previous: $9.95M-200.8%
Operating Income

-$7.88M

Previous: -$3.65M-116.0%
Gross Profit

$278K

Previous: $1.02M-72.9%
Cash & Equivalents

$58.3M

Previous: $47.8M+22.0%
Total Assets

$483M

Previous: $457M+5.6%
Stock-Based Comp

$551K

Previous: $386K+42.7%

Revenue & EPS history

Drive Shack · Revenue · Quarterly

$70.5M

Q4 2021+17%vs Q4 2020
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

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%
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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