Onespaworld Holdings Limited Stock Price, News & Analysis

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Third Quarter 2021 earnings on November 3 before market open. A conference call is scheduled for 9:00 am ET the same day to discuss the results. OneSpaWorld is a leading provider of health and wellness services, operating on 169 cruise ships and at 53 destination resorts. The company is known for its comprehensive suite of wellness products and services and has been enhancing guest experiences for over 65 years.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced Q2 2021 financial results, reporting revenues of $9.2 million, a significant rise from $1 million in Q2 2020. This rebound reflects resumed operations on 14 cruise ships and positive demand at land-based spas. Despite a net income of $0.3 million, the company faced an adjusted net loss of $14.9 million, improving from a substantial loss in the prior year. Liquidity stood at $54.8 million, with a cash burn rate lower than expected. Ongoing COVID-19 impacts remain a concern for future operations.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced that its executives, Leonard Fluxman and Stephen Lazarus, have voluntarily surrendered incentive compensation options for 3.4 million common shares. These shares will be reallocated to the company’s 2019 Equity Incentive Plan, which had been depleted. This move aims to motivate and retain talent without diluting existing shareholders. The company is positioned to benefit from improved consumer sentiment and the reopening of travel and tourism.

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Second Quarter 2021 earnings on August 5^th before market open. The Company will host a conference call at 10:00 am ET on the same day to discuss financial results. OneSpaWorld is a leading global provider of health and wellness products and services aboard cruise ships and in resorts, currently operating in 163 cruise ships and 53 resorts. The company has a strong market position in the international leisure market, leveraging over 65 years of experience in service and product innovation.

OneSpaWorld Holdings Limited (NASDAQ: OSW) has announced a secondary public offering of 8,421,053 common shares at $9.50 per share, sold by Steiner Leisure Limited and affiliates. The offering, set to close on June 28, 2021, will not generate proceeds for OneSpaWorld. Additionally, underwriters Stifel and William Blair have a 30-day option to purchase an extra 1,263,158 shares. This offering is part of a shelf registration statement effective since July 22, 2020. Forward-looking statements include potential risks related to market demand and the COVID-19 impact.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced the commencement of an underwritten secondary public offering of its common shares worth $80 million, primarily for selling shareholders, including Steiner Leisure Limited. OneSpaWorld will not receive any proceeds from this offering. The underwriters will have a 30-day option to purchase an additional $12 million. This public offering follows an effective shelf registration statement. Market conditions may affect the actual completion and terms of the offering.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced its participation in two upcoming virtual conferences: The William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 1:40 PM ET, and The Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 9:20 AM ET. Executives Leonard Fluxman and Stephen Lazarus will lead the discussions. Live webcasts will be available on the company’s Investor Relations website, showcasing its leadership in health and wellness services on cruise ships and destination resorts.

OneSpaWorld (OSW) announced its Q1 2021 financial results, reporting total revenues of $5.6 million, a sharp decline from $114.3 million in Q1 2020 due to the ongoing impact of the COVID-19 pandemic. The company experienced a net loss of $45.6 million, improved from a loss of $148.4 million the previous year. As of March 31, 2021, liquidity was $65.7 million, bolstered by an $18.5 million equity offering. Although operating metrics are improving and 47 destination resort spas are open, the company expects continued losses and is cautious about future guidance amid the pandemic.

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its First Quarter 2021 earnings on May 12 before market open. The company will host a conference call at 10:00 am ET to discuss the results. OneSpaWorld is a leading global provider of health and wellness services, operating on 160 cruise ships and 53 destination resorts. They focus on premium wellness, fitness, and beauty treatments, boasting over 50 years of experience. The call will be accessible through their website and via a dial-in option.