Onespaworld Holdings Limited Stock Price, News & Analysis

OneSpaWorld Holdings Limited (NASDAQ: OSW) has announced a warrant exchange agreement with certain holders of its public warrants. The exchange will allow holders to convert their public warrants into common shares, with the exchange ratio calculated based on a 30-day volume-weighted average price. The initial exchange ratio is set at 0.178, with a maximum of 0.220. This exchange will reduce the number of outstanding public warrants by 61.4%, decreasing from 16,145,279 to 6,228,129. The closing date for this exchange is expected on April 25, 2023, pending customary conditions.

OneSpaWorld Holdings Limited (NASDAQ: OSW) reported a record fourth quarter revenue of $169 million and fiscal year revenue of $546 million, representing a 279% increase from 2021. The company achieved an income from operations of $10.7 million in Q4 and $15.1 million for the fiscal year. Adjusted EBITDA also saw significant growth, reaching $20.7 million in Q4 and $50.4 million for the year. The company anticipates Q1 2023 revenue guidance of $170 to $175 million and expects continued growth in fiscal 2023, driven by increased demand for wellness services. Liquidity remains strong with $53.3 million total liquidity at year-end.

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Fourth Quarter Fiscal Year 2022 earnings on February 22, 2023, before market open. A conference call discussing the results will occur at 10:00 am ET on the same day. OneSpaWorld is a leading global provider of health and wellness services, operating on 179 cruise ships and at 51 destination resorts worldwide, and has a strong market position in the international leisure market. The company emphasizes premium health, wellness, fitness, and beauty services, built on over 65 years of service innovation and exceptional standards.

OneSpaWorld Holdings Limited (NASDAQ: OSW) expects strong financial results for FY 2022, projecting $165.2 million in Q4 revenue and $15.8 million in EBITDA, representing growth of 18.5% and 26.4% from 2019. FY 2022 revenues are projected to range between $540 million and $545 million, with EBITDA of $44 million to $47 million. For FY 2023, the company anticipates revenue growth of 23.5% and EBITDA increase of 47.3%. Positive cash flow from operations is also expected.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced it will present at the 25th Annual ICR Conference on January 9, 2023, at 3:30 p.m. Eastern Time. The fireside chat will feature Executive Chairman and CEO Leonard Fluxman, and CFO Stephen Lazarus. Investors can access a live webcast from the Investor Relations section of www.onespaworld.com. OneSpaWorld is a leading global provider of health and wellness services, operating in 179 cruise ships and 51 destination resorts worldwide.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced a seven-year exclusive service agreement with Norwegian Cruise Line Holdings. This contract covers 29 existing ships and 8 new ships, making OSW the exclusive provider of wellness services across all ships in NCLH's fleet. The agreement allows OSW to continue providing a range of wellness services, including spa treatments through its Mandara brand. Leaders from both companies express optimism regarding the partnership, emphasizing their commitment to enhancing guest experiences at sea.

OneSpaWorld reported record quarterly net revenues of $162.3 million for Q3 2022, a 12% increase over Q3 2019. The company achieved positive cash flow from operations of $12.5 million and an Adjusted EBITDA of $18.3 million. Ending the quarter with total liquidity of $57.1 million, OneSpaWorld operates health and wellness centers on 176 ships and expects to reach 179 by year-end. The company anticipates continued positive cash flow into FY 2023, despite ongoing impacts from COVID-19.

OneSpaWorld Holdings Limited (NASDAQ: OSW) is set to release its Third Quarter Fiscal 2022 earnings on November 2nd, 2022, before market open. A conference call will follow at 10:00 am ET to discuss the results. The company, headquartered in Nassau, Bahamas, is a leading provider of health and wellness services on cruise ships and in destination resorts worldwide, operating aboard 178 ships and at 51 resorts. OneSpaWorld is recognized for its exceptional service and innovation in the wellness sector, contributing to its strong market position.

OneSpaWorld Holdings Limited (NASDAQ: OSW) reported strong financial results for Q2 2022, achieving net revenues of $127.4 million, a significant increase over $9.2 million in Q2 2021. The company generated positive cash flow from operations of $4.9 million and ended the quarter with total liquidity of $46.9 million. Operations resumed on 167 cruise ships, with expectations to reach 173 ships by Q3's end. The company anticipates continued revenue growth and positive adjusted EBITDA through fiscal year 2022, bolstered by a strong recovery post-pandemic.