Airsculpt Technologies, Inc.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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Consolidated Statements of Operations
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| Twelve Months EndedDecember 31, | |||
|---|---|---|---|
| (in $000s, except for shares and per share figures) | 2024 | 2023 | 2022 |
| Revenue | $180,350 | $195,917 | $168,794 |
| Operating expenses: | |||
| Cost of service (exclusive of depreciation and amortization) | 71,382 | 74,012 | 62,781 |
| Selling, general and administrative(1) | 98,880 | 102,381 | 101,418 |
| Loss on debt modification | — | — | 932 |
| Depreciation and amortization | 11,888 | 10,253 | 8,061 |
| Loss/(gain) on disposal of long-lived assets | 16 | (212) | 147 |
| Total operating expenses | 182,166 | 186,434 | 173,339 |
| (Loss)/income from operations | (1,816) | 9,483 | (4,545) |
| Interest expense, net | 6,247 | 6,485 | 6,751 |
| Pre-tax net (loss)/income | (8,063) | 2,998 | (11,296) |
| Income tax expense | 188 | 7,477 | 3,383 |
| Net loss | $(8,251) | $(4,479) | $(14,679) |
| Loss per share of common stock | |||
| Basic | $(0.14) | $(0.08) | $(0.26) |
| Diluted | $(0.14) | $(0.08) | $(0.26) |
| Weighted average shares outstanding | |||
| Basic | 57,688,906 | 56,778,793 | 55,684,701 |
| Diluted | 57,688,906 | 56,778,793 | 55,684,701 |
(1)During the first quarter of fiscal year 2024, the Company recorded a cumulative reversal of stock compensation expense of $10.4 million related to reassessing the probability of achieving the performance target on certain of the Company's performance-based stock units. See Note 6 to the consolidated financial statements included in this Annual Report on Form 10-K for further discussion.
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