LuxUrban Hotels FY 2023 revenue up 159% to $113.4M; net loss $78.5M with $61.1M non-cash charges

LUXURBAN HOTELS INC.

2024-Q1 EPS reported -$0.35 revenue$29,101,207

Net rental revenue $113.4M (+159% YoY); net loss $78.5M vs $9.4M loss prior year.
EBITDA $25.3M (+78% YoY); Adjusted EBITDA $29.8M (+109%); one-time Wyndham transition impact noted.
Non-cash financing costs $41.2M include $28.2M for Revenue Share Exchange Agreement with pre-IPO investors.
Cash and equivalents $0.8M; total debt reduced to $4.3M from $14M.
Q1 2024 net rental revenue guidance $27-30M; FY 2024 focus on higher-end properties and working capital.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LUXURBAN HOTELS INC. reported full year ended December 31, 2023 results: revenue $113.4 million, net income $78.5 million net loss.

Period: full year ended December 31, 2023
Revenue: $113.4 million
Net income: $78.5 million net loss
Result: reported results

Exact text from the filing

LuxUrban Hotels Inc. Announces 2023 Financial Results Net Rental Revenue rose 159% to $113.4 million Net loss of $78.5 million included $61.1 million in non-cash charges and $24.6 million in non-recurring cash costs

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LUXURBAN HOTELS INC. reported three months ended December 31, 2023 results: revenue $27.5 million.

Period: three months ended December 31, 2023
Revenue: $27.5 million
Result: reported results

Exact text from the filing

Net rental revenue was $27.5 million as compared to $12.9 million

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Source: SEC EDGAR

accession 0001829126-24-002521

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