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OneSpaWorld Holdings Q1 Adjusted Loss Widens, Revenue Falls

05/12/2021 03:24

07:13 AM EDT, 05/12/2021 (MT Newswires) -- OneSpaWorld Holdings (OSW) reported a Q1 adjusted loss Wednesday of $0.17 per diluted share, compared to an adjusted loss of $0.02 per share a year ago. A consensus estimate from analysts polled by Capital IQ was not immediately available for comparison.

Net revenue for the quarter ended March 31 was $5.6 million, down from $114.3 million a year ago. The consensus estimate of analysts polled by Capital IQ was for revenue of $3.8 million.

Due to uncertainty surrounding the COVID-19 pandemic, the company said it is not providing fiscal Q2 or full-year guidance. It said, however, that it does expect to sustain a GAAP and adjusted net loss for the second quarter of fiscal 2021.

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