- Inspirato Inc ISPO reported second-quarter FY22 sales growth of 60% year-on-year, to $83.7 million, missing the consensus of $84.98 million.
- As of June 30, 2022, active subscriptions totaled 15,700, a 15% Y/Y increase. Pass subscriptions rose 75% to 3,600.
- Annual Recurring Revenue (ARR) jumped 51% Y/Y to $157 million.
- The gross profit for the quarter increased 42% to $24 million, and the gross margin of 28% contracted by 400 basis points.
- Total occupancy for the quarter was 82% versus 91% last year.
- The company held $123.1 million in cash and equivalents as of June 30, 2022.
- Adjusted EBITDA loss for the quarter was $(14.4) million versus a loss of $(8.2) million last year.
- EPS loss was $(0.06) versus $(0.01) a year ago.
- Outlook: Inspirato affirmed the FY22 sales outlook of $350 million - $360 million, versus the consensus of $357.14 million.
- The company expects an FY22 adjusted EBITDA loss of $(25) million - $(15) million.
- ISPO anticipates generating a positive Adjusted EBITDA for the full-year 2023.
- Price Action: ISPO shares are trading lower by 2.18% at $4.93 on the last check Monday.
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