What's Going On With Body Contouring Company AirSculpt Technologies Stock Today?

AirSculpt Technologies, Inc. AIRS shares are trading higher on Friday.

Today, the company reported adjusted loss per share of 8 cents, wider than the street view of 4 cents loss. Quarterly sales of $39.178 million (down 17.7% year over year) missed the analyst consensus estimate of $43.386 million.

In the fourth quarter, case volume dropped 16.7% to 3,064.

“While we anticipate facing a tough year-over-year comparison in the first quarter in terms of same center revenue, I am confident we are developing the right operating plan and implementing the right actions to improve our platform and progress toward positive revenue and profit growth,” stated Yogi Jashnani, Chief Executive Officer.

Net loss increased to $5.0 million from $4.6 million in the fiscal year 2023 fourth quarter.

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Quarterly adjusted EBITDA dropped to $1.9 million from $10.1 million a year ago. Adjusted EBITDA margin contracted massively to 4.7% from 21.2% in the year-ago period.

As of December 31, 2024, the company had $8.2 million in cash and equivalents, with no availability on its revolving credit facility.

The company generated $11.4 million in operating cash flow for the twelve months ended December.

“We expect the reduction in our marketing activity at the end of 2024 to pressure our first quarter performance,” the CEO added. 

Price Action: AIRS shares are trading higher by 1.87% to $2.995 at last check Friday.

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