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LuxUrban Hotels (LUXH)
NASDAQ:LUXH
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -69.38%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted the launch of the Lux 2.0 initiative and projected future revenue growth, but also revealed significant financial challenges including a steep decline in revenue, increased costs, and a growing working capital deficit.Company Guidance
During the LuxUrban Hotels Q2 2024 earnings call, extensive guidance was provided, highlighting several key metrics and strategic initiatives. The company reported a net rental revenue of $18.2 million, a significant decrease from $31.9 million the previous year, attributed to a reduction in available units and lower booking rates. The average room rate during Q2 was $220.96, with plans to increase this to $252.11 by the end of 2024. The T RevPAR dropped from $257 to $188 year-over-year due to preselling of rooms at lower rates, which is expected to improve once these agreements expire. LuxUrban's cost of revenue soared by 86% due to lease acquisition costs and other operational expenses, while gross profit dropped significantly. The company currently manages nine properties, with 1,056 rooms under long-term leases, and is optimistic about achieving sustainable positive cash flow through its Lux 2.0 initiative, which includes strategic cost-cutting, management restructuring, and focusing on high-growth potential markets like New York. The discussion also touched on plans for a reverse stock split to address NASDAQ compliance issues.Lux 2.0 Initiative Launch
The company launched Lux 2.0, an initiative aimed at enhancing management and operations, recruiting experienced professionals, and strategically eliminating nonperforming hotel properties to generate sustainable positive cash flow.
Strategic Property Management
LuxUrban Hotels currently manages a portfolio of 7 hotels in Manhattan, 1 in Brooklyn, and 1 in New Orleans with 1,056 rooms available for rent, focusing on properties with potential for positive cash flow.
Future Revenue Growth Projections
Projected average room rates for 2025 are expected to rise to $252.11, a $31 increase from the current quarter, following the expiration of presold advanced sales.
Reduction in Operating Expenses
Significant reductions in overhead and labor costs have been made, with a few million dollars saved by cutting back on labor and other expenses.
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LUXH Earnings History
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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LUXH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $3.22 | $2.81 | -12.73% |
| Sep 25, 2024 | $5.96 | $5.23 | -12.25% |
| May 13, 2024 | $38.08 | $31.97 | -16.05% |
| Apr 15, 2024 | $71.40 | $58.10 | -18.63% |
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 LuxUrban Hotels (LUXH) report earnings?
LuxUrban Hotels (LUXH) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is LuxUrban Hotels (LUXH) earnings time?
LuxUrban Hotels (LUXH) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LUXH EPS forecast?
Currently, no data Available
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