AirSculpt Technologies Slashes FY24 Revenue Outlook As Q2 Results Miss Estimates

RTTNews | 360 days ago
Stocktwits
AirSculpt Technologies Slashes FY24 Revenue Outlook As Q2 Results Miss Estimates

(RTTNews) - AirSculpt Technologies, Inc. (AIRS) reported Friday a net loss for the second quarter of $3.21 million or $0.06 per share, compared to net income of $1.8 million or $0.03 per share in the prior-year quarter.

Revenue for the quarter declined 8.4 percent to $51.0 million from $55.70 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share on revenues of $55.26 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects revenues in a range of about $180 million to $190 million, down from the prior forecast for revenues of about $220 million. The Street is looking for revenues of $209.32 million for the year.

The company also said it is looking to open five new centers in the second half of 2024. Earlier, it was looking to open six new centers.

Additionally, the Company also announced that Chief Financial Officer Dennis Dean has assumed the position of Interim Chief Executive Officer as Todd Magazine has resigned from the CEO role and as a member of the Board of Directors. Magazine will continue in an advisory role while the Board of Directors conducts a search for a permanent successor.

Tags: AIRS
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AirSculpt Technologies Adj. EPS Tops Estimates

AirSculpt Technologies Adj. EPS Tops Estimates

AirSculpt Technologies, Inc. (AIRS) reported on Friday that net loss for the fourth quarter narrowed to $7.19 million or $0.13 per share from $14.15 million or $0.01 per share in the prior-year quarter.
RTTNews | 878 days ago
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.
RTTNews | 18 minutes ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.
RTTNews | 44 minutes ago
Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

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Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
RTTNews | 1h 16min ago
Additional Support Anticipated For Thai Stock Market

Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 1h 48min ago
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.
RTTNews | 2h 11min ago
Rebound Called For Indonesia Stock Market

Rebound Called For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.
RTTNews | 2h 18min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.
RTTNews | 2h 32min ago
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