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OneSpaWorld Holdings Limited (OSW) operates as a leading provider of health and wellness services across the globe. The company is well-known for its premium health centers located onboard cruise ships and at various destination resorts. Based in Nassau, Bahamas, OneSpaWorld offers a comprehensive suite of services including traditional body treatments, salon and skincare services, specialized fitness classes, personal fitness training, and medi-spa services.
OneSpaWorld's product offerings are just as diverse, featuring access to renowned beauty and wellness brands such as Elemis, Kérastase, and Dysport, some of which are exclusively available at sea. These offerings cater to a wide range of needs including pain management, detoxifying programs, body composition analyses, weight management programs, and much more.
As of February 26, 2020, OneSpaWorld had a significant presence, providing its services onboard 170 cruise ships and at 69 destination resorts. This extensive network allows the company to reach a diverse clientele, enhancing the well-being of thousands of individuals worldwide.
The company continually strives for excellence and innovation in the health and wellness sector. Recent achievements include expanding their service offerings and forming strategic partnerships to enhance guest experiences. OneSpaWorld's financial health is bolstered by its unique market position and diverse revenue streams.
In summary, OneSpaWorld Holdings Limited stands out in the health and wellness industry due to its extensive range of high-quality services and products, strategic partnerships, and significant global footprint. The company's commitment to providing exceptional wellness experiences ensures its continued growth and relevance in the market.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced it will host investor meetings and a fireside chat at the 24th Annual ICR Conference on January 10, 2022, at 3:00 p.m. EST. The session will feature Leonard Fluxman, CEO, and Stephen Lazarus, CFO, who will discuss the company’s health and wellness services globally. A live webcast will be available on their website. OneSpaWorld is a leading provider of wellness services on 170 cruise ships and at 52 resorts worldwide, renowned for its extensive treatments and exceptional service standards.
OneSpaWorld (NASDAQ: OSW) has announced a pioneering collaboration with F45 Training Holdings Inc. (NYSE: FXLV) to offer F45 studios and classes on select Celebrity Cruises ships. This multi-year agreement aims to reach the 30 million cruise passengers annually, expanding F45's fitness offerings. The first studio was launched on the Celebrity Apex, emphasizing the companies' commitment to enhancing cruise guests' fitness experiences. This partnership aligns with OneSpaWorld's strategy to innovate in health and wellness services.
OneSpaWorld Holdings Limited (NASDAQ: OSW) reported significant progress in its third quarter ending September 30, 2021, achieving revenues of $43.6 million, a dramatic increase from $1.8 million in Q3 2020. The company expects to resume operations on 70% of contracted ships by year-end, having restarted 78 out of 167 ships. The net loss for the quarter was $12.3 million, an improvement from a $47.5 million loss last year. The company ended the quarter with total liquidity of $47.6 million, including $34.6 million in cash. Adjusted EBITDA was ($4.6) million, showing continued recovery potential.
OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Third Quarter 2021 earnings on November 3 before market open. A conference call is scheduled for 9:00 am ET the same day to discuss the results. OneSpaWorld is a leading provider of health and wellness services, operating on 169 cruise ships and at 53 destination resorts. The company is known for its comprehensive suite of wellness products and services and has been enhancing guest experiences for over 65 years.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced Q2 2021 financial results, reporting revenues of $9.2 million, a significant rise from $1 million in Q2 2020. This rebound reflects resumed operations on 14 cruise ships and positive demand at land-based spas. Despite a net income of $0.3 million, the company faced an adjusted net loss of $14.9 million, improving from a substantial loss in the prior year. Liquidity stood at $54.8 million, with a cash burn rate lower than expected. Ongoing COVID-19 impacts remain a concern for future operations.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced that its executives, Leonard Fluxman and Stephen Lazarus, have voluntarily surrendered incentive compensation options for 3.4 million common shares. These shares will be reallocated to the company’s 2019 Equity Incentive Plan, which had been depleted. This move aims to motivate and retain talent without diluting existing shareholders. The company is positioned to benefit from improved consumer sentiment and the reopening of travel and tourism.
OneSpaWorld Holdings Limited (NASDAQ: OSW) will release its Second Quarter 2021 earnings on August 5th before market open. The Company will host a conference call at 10:00 am ET on the same day to discuss financial results. OneSpaWorld is a leading global provider of health and wellness products and services aboard cruise ships and in resorts, currently operating in 163 cruise ships and 53 resorts. The company has a strong market position in the international leisure market, leveraging over 65 years of experience in service and product innovation.
OneSpaWorld Holdings Limited (NASDAQ: OSW) has announced a secondary public offering of 8,421,053 common shares at $9.50 per share, sold by Steiner Leisure Limited and affiliates. The offering, set to close on June 28, 2021, will not generate proceeds for OneSpaWorld. Additionally, underwriters Stifel and William Blair have a 30-day option to purchase an extra 1,263,158 shares. This offering is part of a shelf registration statement effective since July 22, 2020. Forward-looking statements include potential risks related to market demand and the COVID-19 impact.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced the commencement of an underwritten secondary public offering of its common shares worth $80 million, primarily for selling shareholders, including Steiner Leisure Limited. OneSpaWorld will not receive any proceeds from this offering. The underwriters will have a 30-day option to purchase an additional $12 million. This public offering follows an effective shelf registration statement. Market conditions may affect the actual completion and terms of the offering.
OneSpaWorld Holdings Limited (NASDAQ: OSW) announced its participation in two upcoming virtual conferences: The William Blair 41st Annual Growth Stock Conference on June 3, 2021, at 1:40 PM ET, and The Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 9:20 AM ET. Executives Leonard Fluxman and Stephen Lazarus will lead the discussions. Live webcasts will be available on the company’s Investor Relations website, showcasing its leadership in health and wellness services on cruise ships and destination resorts.
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