AirSculpt Q1 revenue up 3.9% to $47.6M; net income $6M; adjusted EBITDA down to $7.3M; reaffirms FY guidance

Airsculpt Technologies, Inc.

2024-Q1 EPS reported $0.10 revenue$47,620,000

Cases 3,746 (+2.9% YoY); revenue $47.6M (+3.9%); net income $6.0M vs. $0.0M loss prior year; diluted EPS $0.10.
Adjusted EBITDA $7.3M vs. $9.5M prior year, decline from customer acquisition investment and macro headwinds.
FY 2024 guidance maintained: revenue ~$220M, adjusted EBITDA ~$50M, ~65% cash conversion ratio, six new centers in H2.
Pre-opening de novo and relocation costs $0.0M vs. $1.3M in prior year; no new centers opened in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Airsculpt Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $47.6 million, net income $6.0 million, EPS $0.10. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $47.6 million
Net income: $6.0 million
EPS: $0.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

results for the first quarter ended March 31, 2024. First Quarter • Cases increased 2.9% over the prior year period to 3,746 • Revenue increased 3.9% over the prior year to $47.6 million • Net income of $6.0 million for the quarter compared to $(0.0) million in the prior year period • Diluted income per share for the quarter of $0.10 • Six planned openings in

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accession 0001870940-24-000028

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