The latest announcement is out from Inspirato ( (ISPO) ).
Inspirato, a luxury vacation club company, reported a notable improvement in their financial performance for the third quarter of 2024, highlighting a 63% reduction in adjusted EBITDA loss year-over-year due to strategic cost-saving measures. The company achieved a gross margin of 71% from a 16% decrease in total revenue compared to the previous year. Additionally, Inspirato consolidated its share structure and revamped its board, expecting these changes to drive profitability and positive cash flow by 2025.
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