Onespaworld Holdings Limited Stock Price, News & Analysis

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.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced a restatement of its consolidated financial statements due to new SEC guidance on SPAC warrants. This affects the accounting of its 2019 and 2020 warrants, leading to a projected increase in liabilities of $103M-$107M for 2020 and $54M-$58M for 2019. The net loss for 2020 is expected to rise by $5M-$9M, and for the 2019 period, by $18M-$22M. Despite these adjustments, the company asserts that there will be no impact on cash, adjusted EBITDA, or future operations.

OneSpaWorld Holdings Limited (NASDAQ:OSW) announced leadership transitions effective March 31, 2021. Glenn Fusfield retires as CEO after 20 years but remains on the Board. Leonard Fluxman, former CEO (2001-2018), resumes the role. New Chief Commercial Officer Susan Bonner oversees revenue and operations to accelerate growth. The leadership change aims to maximize OneSpaWorld's market position in health and wellness services on cruise ships, especially as operations resume post-COVID.

OneSpaWorld Holdings Limited (NASDAQ: OSW) reported significant financial declines for Q4 and fiscal year 2020, largely due to the impacts of the COVID-19 pandemic. Total revenues plunged to $3.8 million in Q4 from $139.4 million in the prior year, and full-year revenues fell to $120.9 million compared to $562.2 million in 2019. The net loss for the year reached $280.5 million, a stark increase from the previous year’s loss of $41.0 million. The company ended 2020 with $56.4 million in liquidity, allowing it to sustain operations until March 2022. Guidance for Q1 2021 remains cautious amid ongoing uncertainties.

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Fourth Quarter 2020 earnings on March 3rd before market open. A conference call is scheduled for the same day at 10:00 am ET to discuss the results. OneSpaWorld is a leading global provider of health and wellness services on cruise ships and in resorts, operating 159 cruise ships and 53 destination resorts. The company has established a strong market position in the international leisure sector, focusing on exceptional service and comprehensive wellness offerings.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced its participation in the 23rd Annual ICR Conference on January 11, 2021, at 12:30 p.m. Eastern Time. The presentation will be led by Executive Chairman Leonard Fluxman, President and CEO Glenn Fusfield, and CFO Stephen Lazarus. Investors can access a live webcast through the Investor Relations section of OneSpaWorld's website. Headquartered in Nassau, Bahamas, OneSpaWorld is a leading provider of health and wellness services, operating on 163 cruise ships and in 54 destination resorts worldwide.