AirSculpt Clocks 12% Sales Growth In Q2 On Higher Case Volumes
Portfolio Pulse from Nabaparna Bhattacharya
AirSculpt Technologies, Inc. (NASDAQ:AIRS) reported a 12.2% YoY increase in Q2 revenues to $55.703 million, in line with consensus. However, Q2 adjusted EPS of $0.13 missed the street view of $0.15. The company saw a 13.4% YoY jump in case volume and a significant increase in net income and operating income. The company expects to perform at the higher end of its revenue and Adjusted EBITDA ranges for FY23 and plans to open five new centers.
August 11, 2023 | 11:53 am
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AirSculpt Technologies reported strong Q2 results with significant growth in revenues and case volume. However, the company missed EPS estimates which may have contributed to the stock closing lower.
AirSculpt's Q2 results show strong revenue growth and increased case volume, indicating a positive business performance. However, the company missed EPS estimates, which is a key metric for investors, and this may have contributed to the stock closing lower. The company's outlook for FY23 is positive, which could potentially offset the negative impact of the missed EPS.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100