OneSpaWorld provided preliminary revenue for the fourth quarter of 2021 before the fireside talk presentation at the ICR meeting on January 10, 2022 – QNT Press Release

OneSpaWorld Holdings Limited, (NASDAQ stock code:Work clothes), this preeminent global provider of health and wellness products and services on cruise ships and destination resorts, today is providing guidance for fourth-quarter revenue and commenting on operating cash flow.The company will provide this update before the investor meeting and its fireside talk presentation on the 24thday The annual ICR meeting is actually held today, Monday, January 10, 2022.

On a preliminary basis, for the fourth quarter of fiscal 2021 (the three months ending December 31, 2021), the company expects:

  • Total revenue is between US$83 million and US$86 million, a significant continuous increase from the US$43.6 million in the third quarter of fiscal 2021; and

  • The cash consumption rate is between US$5 million and US$7 million, while the company’s third-quarter results provided on November 3, 2021 are expected to be US$8 million to US$10 million.

In addition, the company noted that it achieved positive cash flow in December 2021 and expects to continue to generate positive cash flow from operations in 2022.

Leonard Fluxman, CEO and Executive Chairman of OneSpaWorld, pointed out: “As we continue to restore services perfectly, we are in a good position at the end of fiscal 2021. Cash flow is positive in December. Looking ahead, we continue to look forward to our huge infrastructure, strategic initiatives, model employees and service models, as well as innovative experiences and products to please the cruise tourists and destination resort spa guests where we operate , And achieve higher expansion in the future. We still believe that our unwavering strategy during the global pandemic and the important opportunities we see for further expansion in the future enable us to achieve long-term revenue and profit growth, and achieve what we do All OneSpaWorld’s value-enhancing goals…

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