The following is a summary of the AirSculpt Technologies, Inc. (AIRS) Q2 2024 Earnings Call Transcript:
Financial Performance:
AirSculpt Technologies reported Q2 revenue of $51 million, a decrease of 8.4% year-over-year
Same-store revenue decreased by 17%, and adjusted EBITDA fell to $6.9 million from $14.6 million year-over-year
The company plans to adjust its full-year revenue guidance to between $180 million and $190 million, and adjusted EBITDA to between $23 million and $28 million
Business Progress:
Despite challenging market conditions, the company opened a new center in Kansas City, with plans to open four more by year-end
Focus will be shifted towards enhancing marketing efficiencies and cost management, including reducing brand awareness campaigns in favor of more direct lead-generating efforts
Management changes include appointment of Dennis Dean as Interim CEO, intending to stabilize the company's leadership
More details: Airsculpt Technologies IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
