secwatch.observer — SEC 8-K summary
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Issuer:     ONESPAWORLD HOLDINGS Ltd (OSW)
CIK:        0001758488
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001564590-22-008160
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpaWorld Q4 2021 revenue $68.2M; adj. EBITDA turns positive at $1.3M
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- Q4 revenue $68.2M vs $6.0M a year ago; net loss narrowed to $31.4M from $51.1M.
- Adjusted EBITDA was $1.3M (positive for first time since pandemic onset) vs -$13.9M in Q4 2020.
- Cash burn $5.3M in Q4; liquidity $45.8M including $13.0M undrawn credit line.
- Ended 2021 with health & wellness centers on 118 active ships; expects 167 by mid-2022 and 100% of contracted ships by Q3 2022.
- Expects slight negative cash burn in Q1 2022, then positive quarterly cash flow from Q2 2022 onward.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758488/000156459022008160/0001564590-22-008160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758488/000156459022008160/osw-8k_20220302.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-008160

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