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———
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Q1 2015———
Q4 2014———
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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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