secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONESPAWORLD HOLDINGS Ltd (OSW)
CIK:        0001758488
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-016872
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpaWorld Q1 revenue $182.5M (+108% YoY), Adj EBITDA $19.3M; FY revenue guidance raised to $710-730M
--------------------------------------------------------------------------------

- Revenue of $182.5M, up 108% YoY; income from operations of $11.2M vs loss of $6.4M.
- Adjusted EBITDA of $19.3M vs $2.3M prior year; Q2 2023 guidance Adj EBITDA $18-20M.
- FY 2023 revenue guidance raised to $710-$730M from $660-$680M; Adj EBITDA guidance to $70-$76M.
- Repaid $15M second lien term loan, extinguishing it; warrant exchange reduced public warrants by ~95%.
- Ended Q1 with 179 cruise ships, 51 resort centers; total liquidity of $44M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758488/000095017023016872/0000950170-23-016872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758488/000095017023016872/osw-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016872

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer