AirSculpt Technologies reports Q1 EPS (5c), consensus (3c)

Reports Q1 revenue $39.4M, consensus $39.25M. “We began the year reporting results in line with our expectations, and while we are early in our transformation, I am encouraged by the progress the team has made on the business imperatives we set in place at the start of the year and I remain confident that we have identified and are implementing the right actions to return to growth,” stated Yogi Jashnani, CEO. “To this end, the Q1 saw profitability strengthen compared to the fourth quarter on similar revenue, reflecting our cost reduction initiatives and expense discipline. We also experienced early benefits from our new go-to-market strategy with the re-focus of our marketing activities lifting lead volumes and improving our revenue decline as we exited the quarter. We continue to believe we have a significant long-term growth opportunity ahead given our proven track record of having completed more than 70,000 successful procedures. Consumers recognize AirSculpt for our effectiveness and attentive customer experience, which has led to consistency in our average revenue per case, demonstrating the value proposition we possess in the market.”