AirSculpt Technologies Sees FY23 Revenue $196M Vs $193.14M Est.

Author: Benzinga Newsdesk | November 09, 2023 05:51pm

2023 Outlook

The Company reaffirms full year 2023 revenue and adjusted EBITDA guidance as follows:

• Revenues of approximately $196 million
• Adjusted EBITDA of at least $45 million
• Adjusted EBITDA to cash flow from operations conversion ratio of approximately 65% (1)
• Five new center openings

Pre-opening costs are projected to be approximately $5 million for the full year 2023. The Company opened two additional centers in the third quarter of 2023 bringing the total of new openings to five and achieving the full year target for center openings. For additional information on forward-looking statements, see the section titled "Forward-Looking Statements" below.

(1) Calculated as cash flow from operating activities divided by Adjusted EBITDA.

Posted In: AIRS