The earnings call presented a mixed picture. While the company is implementing strategic initiatives to drive growth and improve sales conversion, the significant decline in revenue and EBITDA, extended lead conversion time, and challenges from the macroeconomic environment highlight substantial hurdles. However, the potential introduction of new services and revised marketing strategies show promise for future improvement.
Company Guidance
During the AirSculpt Technologies Inc. Fourth Quarter 2024 Earnings Call, CEO Yogesh Jashnani provided guidance for the upcoming fiscal year. He noted a revenue decline of 17.7% in the fourth quarter of 2024 compared to the previous year, with case volumes down 16.7% and same-store revenue dropping 22.6%. The company reported a total revenue of $180.4 million for the year, with an adjusted EBITDA of $20.7 million, resulting in an EBITDA margin of 11.5%, down from 22.1% in 2023. The first quarter of 2025 is expected to show same-store sales performance similar to the fourth quarter of 2024, with improvements anticipated as the year progresses. Jashnani emphasized strategic priorities, including enhancing marketing, improving sales conversion, and rolling out new services like skin tightening to drive growth. He also mentioned actions to improve lead conversion time, which had increased from the historical 45 days to approximately 60 days in the latter half of 2024. Despite pausing new de novo openings, the company is focusing on improving same-center performance and has adjusted its credit agreement to support these initiatives.
Introduction of New Services
AirSculpt plans to pilot skin tightening services as a standalone offering in the second quarter, aiming to capitalize on increased demand due to trends like GLP-1 usage. This initiative is expected to expand customer reach and generate incremental revenues.
Marketing and Sales Strategy Revamp
The company has focused its marketing spend on new areas such as online video and social marketing channels, and early results have shown a significant increase in lead volume. A new Chief Sales Officer is strengthening the consultative sales model, showing encouraging early signs of lead conversion improvement.
Amendment of Credit Agreement
AirSculpt revised its credit agreement to enhance its ability to invest in the business during its transformation phase, ensuring compliance with bank covenants throughout 2025.
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Airsculpt Technologies, Inc. (AIRS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIRS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 14, 2025
$2.94
$2.86
-2.72%
Nov 08, 2024
$7.19
$8.68
+20.72%
Aug 09, 2024
$3.94
$3.98
+1.02%
May 10, 2024
$5.39
$4.74
-12.06%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Airsculpt Technologies, Inc. (AIRS) report earnings?
Airsculpt Technologies, Inc. (AIRS) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Airsculpt Technologies, Inc. (AIRS) earnings time?
Airsculpt Technologies, Inc. (AIRS) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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