Jaguar8 commented on a stock · Oct 29, 2024 09:49

NEWS AM ER

Inspirato Announces Third Quarter Financial and Operating Results

The company implemented a reorganization plan with over $40 million in annualized cost savings and ended the quarter with approximately 11,700 members. Gross margin was 71% of revenue, including a non-recurring net gain of $29.9 million. The company has removed its 2024 financial guidance but expects profitability and positive free cash flow starting in 2025.

Positive
Net income of $6.6 million vs $25.4 million loss in Q3 2023
Adjusted EBITDA loss improved 63% year-over-year
$40 million in annualized cost savings implemented
Gross margin improved to 71% from 25% year-over-year
Sequential revenue growth of 3% from Q2 2024

Negative
Revenue declined 16% year-over-year to $69.1 million
Subscription revenue dropped 31% year-over-year
Travel revenue decreased 13.2% year-over-year
Membership declined to 11,700 members
2024 financial guidance withdrawn

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Jaguar8

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