For the third quarter, revenue is expected to be approximately $46.5 million, which is ahead of the Company’s expectations and represents an increase of 20.0% over the prior year. “The strong performance was driven by both better-than-expected same-store revenue growth of approximately 5.5% and a significant contribution from our most recent de novo centers. Our strong performance for the quarter demonstrates our ability to leverage our position as the premium provider of body contouring procedures,” said Todd Magazine, Chief Executive Officer of AirSculpt. “We look forward to a strong finish to 2023 where we will continue to focus our attention on revenue growth and right sizing our cost structure to set up the Company for margin expansion going forward.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AIRS:
- AirSculpt Technologies Announces Strong Preliminary Third Quarter 2023 Revenue Results and Updates 2023 Revenue and Adjusted EBITDA Guidance
- AirSculpt Technologies announces opening of newest location in Raleigh
- AirSculpt® Technologies, Inc. Announces Opening of Its Newest Location in Raleigh
- AirSculpt® Technologies, Inc. Introduces AirSculpt Lift, an Alternative to Synthetic Dermal Fillers
- AirSculpt Technologies introduces AirSculpt Lift