AirSculpt Q2 revenue $51M, net loss $3.2M; CEO resigns, guidance lowered

Airsculpt Technologies, Inc.

2024-Q2 EPS reported $0.05 revenue$98,624,000

Q2 revenue $51.0M (-8.4% YoY); net loss $3.2M vs net income $1.8M; adjusted EBITDA $6.9M vs $14.6M.
Case volume 3,949 (-5.7% YoY); first-half case volume 7,695 (-1.7% YoY).
CEO Todd Magazine resigned; CFO Dennis Dean named Interim CEO; board searching for permanent successor.
FY2024 guidance revised to revenue $180-190M, adjusted EBITDA $23-28M.
De novo 2023 locations performed ahead of expectations; company cites challenging consumer spending environment.

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