Inspirato Anticipates 2024 Total Revenue Of $275M-$305M, Est $319.7M
Portfolio Pulse from Benzinga Newsdesk
Inspirato projects its 2024 total revenue to be between $275M and $305M, which is below the estimated $319.7M. The company expects its adjusted EBITDA to range from a loss of $15M to an income of $5M. Inspirato also anticipates a 5-12% reduction in total cash operating expenses, aiming for $115M to $125M. Additionally, a decrease in Pass member base is expected, with Club member numbers remaining stable by year-end.
March 05, 2024 | 10:43 pm
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Inspirato anticipates lower-than-expected 2024 revenue, with a range of $275M-$305M against an estimate of $319.7M. Adjusted EBITDA could vary from a $15M loss to a $5M gain, with a reduction in operating expenses and stable Club member numbers.
The projected revenue shortfall compared to estimates suggests potential challenges in growth or market conditions that could negatively impact investor sentiment towards ISPO. The expected decrease in operating expenses and stable membership numbers may mitigate some concerns, but the overall lower revenue projection is likely to dominate investor perceptions in the short term.
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