secwatch.observer — SEC 8-K summary
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Issuer:     LUXURBAN HOTELS INC. (—)
CIK:        0001893311
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001829126-24-002521
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624002521/0001829126-24-002521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1893311/000182912624002521/luxurban_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-002521

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