earnings
confidence high
sentiment negative
materiality 0.75
Emerald Q3 2021 revenue $76.5M, net loss $9M; restates historical financials
Emerald Holding, Inc.
2021-Q3 EPS reported
-$1.35
revenue$104,400,000
- Revenue $76.5M vs $8.5M YoY; net loss $9.0M vs $15.3M; adjusted EBITDA $9.4M vs -$3.2M.
- Staged 32 live events with 92,000+ attendees and 5,200 exhibitors; organic revenue down 11.7%.
- Ended Q3 with $303.6M cash; repurchased 1.2M shares at avg $4.69; board expanded buyback to $20M through Dec 2022.
- Insurance claims submitted: $167M for 2020 events, $76.2M for 2021; filed lawsuit against insurers for bad faith.
- Restating prior financials to classify redeemable convertible preferred stock as temporary equity, correcting per-share data.