AIRS - AirSculpt Technologies gives early look to Q2 numbers cuts FY23 Adj EBITDA guidance

2023-07-11 06:35:48 ET

• Ahead of it Q2 results to be announced on August 11, 2023, AirSculpt Technologies ( NASDAQ: AIRS ) expects Q2 revenue to be ~$55.7M, up 12.2% Y/Y against consensus of $53.75M.
• The company expects FY23 revenue at the higher end of previously issued revenue guidance of $187M-$192M.
• The Company has opened three centers in the first half of the year and expects to open two more in July, ahead of the plan schedule.
• We are very pleased with our performance through the first half of 2023. We continue to focus our attention on strengthening the organization focusing on revenue growth, which includes ramping up our de novo expansion program, and right sizing our cost structure.”
• The company cut its FY23 Adjusted EBITDA outlook from $48 to $50 million to $43 to $45 million after adjusting total de novo and relocation costs of ~$5M.
• AIRS -2.7% premarket to $8.17
• Source: Press Release

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