earnings
confidence high
sentiment positive
materiality 0.75
Life Time Q1 revenue up 57% to $392M, net loss $38M; guides Q2 rev $450-470M
Life Time Group Holdings, Inc.
2022-Q1 EPS reported
-$0.20
revenue$392,254,000
- Revenue $392.3M (+57.3% YoY); comparable center sales +50.3%; memberships 673,983 (+23.8% YoY).
- Net loss $38.0M includes $26.4M gain on sale-leaseback offset by $19.9M share-based comp and IPO costs.
- Adjusted EBITDA improved to $40.6M from -$18.9M in prior year quarter.
- Closed two sale-leasebacks (~$80M) in March; two more (~$95M) closing May 13; evaluating up to $500M additional.
- Q2 2022 guidance: revenue $450-470M, net loss ($25)-($20)M, Adjusted EBITDA $63-68M.