OneSpaWorld sees Q4 revenue $193M-$198M, consensus $197.43M

Sees Q4 Adjusted EBITDA $20M-$22M. Stephen Lazarus, CFO and COO, added, “The ongoing strength of our business and our asset light operating model, combined with the discipline with which we execute, has enabled us to deliver increasing free cash flow, a strong balance sheet and quarter-end total liquidity of $48.0M after repaying an additional $20.0 million on our first lien term loan. Since the second quarter of 2022 we have repaid a total of $69.1M in debt instruments, thereby reducing ongoing interest expense. With strong 2023 performance continuing into the fourth quarter and a positive outlook, we have increased our fiscal year 2023 guidance, expecting revenues to increase 45% and adjusted EBITDA to increase 73% at the mid-points of the guidance ranges from FY22.”