secwatch.observer — SEC 8-K summary
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Issuer:     Airsculpt Technologies, Inc. (AIRS)
CIK:        0001870940
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001870940-24-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870940/000187094024000028/0001870940-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870940/000187094024000028/airs-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001870940-24-000028

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