The following is a summary of the AirSculpt Technologies, Inc. (AIRS) Q4 2023 Earnings Call Transcript:

Financial Performance:

• AirSculpt Technologies reported Q4 revenue of $47.6 million, up 17% from the prior year, led by the addition of five new centers.

• Average revenue per case increased by 6.1% from the previous year to $12,937.

• The cost of services as a percentage of revenue improved to 37.5% from 38.7% due to cost management initiatives.

• Adjusted EBITDA was $10.1 million, up 27.9% YoY, with an EBITDA margin increase to 21.2% from 19.4%.

• Cash position at the end of Q4 was $10.3 million, gross debt at $72.9 million, and the leverage ratio was 1.4x.

• Net income per share diluted for the quarter was $0.01 and $0.28 for the whole year.

Business Progress:

• The Company opened five new centers in 2023, the highest number in the company's history.

• AirSculpt expanded their product and service offerings with the launch of AirSculpt Lift, a facial fat transfer procedure.

• The company aims to strengthen the AirSculpt brand and enhance profitability as they scale both domestically and internationally.

• In 2024, they plan to open six more centers, continue their double-digit revenue growth, and focus on cost management.

• The company will transition to an enterprise-wide Salesforce CRM implementation to improve talent acquisition and development, and increase investment in local media to drive more organic leads.

More details: Airsculpt Technologies IR

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