OneSpaWorld Holdings Limited Common Shares - OSW STOCK NEWS

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced it will release its First Quarter Fiscal 2023 earnings on May 3, 2023, before market open. A conference call to discuss the results will take place at 10:00 am ET on the same day. Investors can access the live call by dialing (877) 283-8977, with international callers using (412) 542-4171 and the passcode 10177703. A replay will be available shortly after the call and can be accessed for one week. Based in Nassau, Bahamas, OneSpaWorld is a major provider of health and wellness services across 181 cruise ships and 51 destination resorts worldwide, renowned for its exceptional service and comprehensive wellness offerings.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced new privately negotiated warrant exchange agreements with holders of its public warrants following unsolicited offers. The exchange, similar to the previous agreement on March 13, 2023, will reduce outstanding public warrants by 78.2%, from 16,145,279 to 3,525,284. The exchange ratio for public warrants will be based on the quotient of the warrant price of $1.912 and the common share price of $10.74, resulting in an initial ratio of 0.178. Additionally, the firm executed exchange agreements for 797,088 private placement warrants at the same ratio, with both exchanges expected to close by April 25, 2023.

OneSpaWorld Holdings Limited (NASDAQ: OSW) has announced a warrant exchange agreement with certain holders of its public warrants. The exchange will allow holders to convert their public warrants into common shares, with the exchange ratio calculated based on a 30-day volume-weighted average price. The initial exchange ratio is set at 0.178, with a maximum of 0.220. This exchange will reduce the number of outstanding public warrants by 61.4%, decreasing from 16,145,279 to 6,228,129. The closing date for this exchange is expected on April 25, 2023, pending customary conditions.

OneSpaWorld Holdings Limited (NASDAQ: OSW) reported a record fourth quarter revenue of $169 million and fiscal year revenue of $546 million, representing a 279% increase from 2021. The company achieved an income from operations of $10.7 million in Q4 and $15.1 million for the fiscal year. Adjusted EBITDA also saw significant growth, reaching $20.7 million in Q4 and $50.4 million for the year. The company anticipates Q1 2023 revenue guidance of $170 to $175 million and expects continued growth in fiscal 2023, driven by increased demand for wellness services. Liquidity remains strong with $53.3 million total liquidity at year-end.

OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Fourth Quarter Fiscal Year 2022 earnings on February 22, 2023, before market open. A conference call discussing the results will occur at 10:00 am ET on the same day. OneSpaWorld is a leading global provider of health and wellness services, operating on 179 cruise ships and at 51 destination resorts worldwide, and has a strong market position in the international leisure market. The company emphasizes premium health, wellness, fitness, and beauty services, built on over 65 years of service innovation and exceptional standards.

OneSpaWorld Holdings Limited (NASDAQ: OSW) expects strong financial results for FY 2022, projecting $165.2 million in Q4 revenue and $15.8 million in EBITDA, representing growth of 18.5% and 26.4% from 2019. FY 2022 revenues are projected to range between $540 million and $545 million, with EBITDA of $44 million to $47 million. For FY 2023, the company anticipates revenue growth of 23.5% and EBITDA increase of 47.3%. Positive cash flow from operations is also expected.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced it will present at the 25th Annual ICR Conference on January 9, 2023, at 3:30 p.m. Eastern Time. The fireside chat will feature Executive Chairman and CEO Leonard Fluxman, and CFO Stephen Lazarus. Investors can access a live webcast from the Investor Relations section of www.onespaworld.com. OneSpaWorld is a leading global provider of health and wellness services, operating in 179 cruise ships and 51 destination resorts worldwide.

OneSpaWorld Holdings Limited (NASDAQ: OSW) announced a seven-year exclusive service agreement with Norwegian Cruise Line Holdings. This contract covers 29 existing ships and 8 new ships, making OSW the exclusive provider of wellness services across all ships in NCLH's fleet. The agreement allows OSW to continue providing a range of wellness services, including spa treatments through its Mandara brand. Leaders from both companies express optimism regarding the partnership, emphasizing their commitment to enhancing guest experiences at sea.

OneSpaWorld reported record quarterly net revenues of $162.3 million for Q3 2022, a 12% increase over Q3 2019. The company achieved positive cash flow from operations of $12.5 million and an Adjusted EBITDA of $18.3 million. Ending the quarter with total liquidity of $57.1 million, OneSpaWorld operates health and wellness centers on 176 ships and expects to reach 179 by year-end. The company anticipates continued positive cash flow into FY 2023, despite ongoing impacts from COVID-19.