Welcome to our dedicated page for Inspirato Incorporated news (Ticker: ISPO), a resource for investors and traders seeking the latest updates and insights on Inspirato Incorporated stock.
Inspirato Incorporated (NASDAQ: ISPO) is a leading luxury travel subscription company, renowned for offering exclusive access to a meticulously managed and curated portfolio of vacation options. The company operates on an innovative subscription-based model that guarantees high-quality service, certainty, and value for discerning customers.
Inspirato's extensive portfolio includes branded luxury vacation homes, five-star hotel accommodations, and custom travel experiences. Subscribers can enjoy stays at opulent locations in the United States and internationally. The majority of Inspirato's revenue is generated from its U.S. clientele.
The company's distinctive approach ensures that its curated vacation options are maintained to the highest standards, providing members with unique travel experiences. Inspirato's partnerships with premier resorts and hotels further enhance the value and variety offered to subscribers.
Recent developments for Inspirato include a reverse stock split approved by stockholders at a Special Meeting on September 26, 2023. This move aims to increase the stock price, marketability, liquidity, and investor appeal of its Class A common stock. Post-split, the CUSIP number for the Class A Common Stock will change to 45791E206. Additionally, proportional adjustments will be made to outstanding warrants, stock options, and equity awards.
Inspirato's financial health is supported by strategic initiatives and cost control measures. The company has provided guidance for 2024, estimating total revenue between $275 million and $305 million, and an adjusted EBITDA ranging from a loss of $15 million to an income of $5 million. Inspirato anticipates benefiting from its portfolio optimization efforts and plans to align offerings with its priorities for profitable operations, improved member engagement, and increased travel revenue per member.
For more information, visit Inspirato's website and follow @inspirato on Instagram, Facebook, X, and LinkedIn.
Inspirato (NASDAQ: ISPO), a luxury travel subscription brand, will announce its fourth quarter and year-end 2022 financial results on March 15, 2023. A conference call scheduled for March 16 at 11:00 a.m. ET will provide insights into these results. The company offers affluent travelers a managed portfolio of luxury vacation options through its subscription model, including exclusive luxury homes and five-star accommodations. Inspirato Pass, introduced in 2019, revolutionizes travel by encompassing all costs in its subscription.
Inspirato, a luxury travel subscription brand, announced a workforce reduction affecting 12% of its staff to manage costs amid macroeconomic uncertainty. This decision leaves the company with over 800 employees, up by more than 300 since December 2020. CEO Brent Handler emphasized that this move is aimed at achieving Adjusted EBITDA breakeven in 2023 while maintaining service quality for subscribers. Inspirato plans to share more details in its upcoming fourth-quarter and full-year 2022 financial results report.
Inspirato, a luxury travel subscription brand, reported strong Q3 2022 results with record revenue of $93 million, up 44% year-over-year. Subscription revenue rose 53% to $39 million, while travel revenue increased by 38% to $55 million. Active subscriptions reached 16,300, a 16% increase, and Annual Recurring Revenue grew 45% to $167 million. However, the company revised its 2022 guidance, expecting full-year revenue of approximately $340 million and an Adjusted EBITDA loss of about $35 million due to lower occupancy and new subscription sales. Cash end-of-year is projected at $80 million.
Inspirato Incorporated (NASDAQ: ISPO) announced plans to release its third quarter 2022 financial results on December 19, 2022, after market close. A conference call will be held on December 20 at 9:00 a.m. ET to discuss these results. Interested parties can access the audio webcast through the Inspirato Investor Relations website. Inspirato is known for its luxury travel subscription service, providing exclusive access to a portfolio of premium vacation options.
Inspirato Incorporated (NASDAQ: ISPO) has launched JauntLiving, a new members-only benefit for luxury vacation rentals. This program allows members to book stays ranging from 14 days to a year in popular destinations like Hamptons and Vail at flat rates, including all fees. The service aims to address the increasing demand for extended vacations, providing significant savings that can exceed the annual subscription cost. Inspirato aims to offer exceptional personalized service to enhance members' experiences during their stays.
On November 18, 2022, Inspirato (NASDAQ: ISPO) received a notice from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to the failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. The company has until January 17, 2023, to submit a compliance plan or file the Form 10-Q to avoid delisting. The notice does not impact the trading of ISPO shares immediately, but compliance is crucial to prevent delisting risks. Inspirato aims to file the Form 10-Q as soon as possible.
Inspirato, a luxury hospitality company listed on NASDAQ under the symbol ISPO, announced that its CFO, Web Neighbor, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 10:30 a.m. ET. The event will be accessible via a live webcast, with a replay available on the Inspirato Investor Relations website. Founded in 2011, Inspirato offers a unique subscription-based model for luxury vacation options, including exclusive branded homes and five-star accommodations, making it a leader in the luxury travel sector.
Inspirato Incorporated (NASDAQ: ISPO) announced the launch of Inspirato for Good, a platform designed to aid nonprofit organizations in fundraising by offering luxury travel packages. The platform enables nonprofits to sell Inspirato vacations at prices of $4,000 or $8,000, keeping 50% of each sale. Donors enjoy a year to select a trip from over 60,000 options across 75 destinations, enhancing donor engagement and fundraising success. This initiative targets the 1.5 million nonprofits in the U.S., providing a premium offering that complements traditional fundraising efforts.
Inspirato (NASDAQ: ISPO) announced that CFO Web Neighbor will participate in a virtual fireside chat at the BofA Securities 2022 Gaming & Lodging Conference on September 9, 2022, at 12:00 p.m. ET. Interested parties can access both live and replay versions of the webcast on the Inspirato Investor Relations website. Inspirato offers luxury vacation options via a subscription model, revolutionizing travel with the introduction of Inspirato Pass in 2019. For more details, visit www.inspirato.com.
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