AirSculpt Technologies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 06:01 am EST
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AirSculpt Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 47.61 million compared to USD 40.7 million a year ago. Net loss was USD 4.57 million compared to USD 7.19 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.13 a year ago.
For the full year, sales was USD 195.92 million compared to USD 168.79 million a year ago. Net loss was USD 4.48 million compared to USD 14.68 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.26 a year ago.
AirSculpt Technologies, Inc., through its wholly owned subsidiaries, is a provider of practice management services to professional associations (PAs) located throughout the United States, Canada, and the United Kingdom. The Company owns and operates non-clinical assets and provides its management services to the PAs through management services agreements (MSAs). Its direct medical procedure services segment. The Company offers fat removal procedures across treatment areas. It also offers fat transfer procedures that use the patientâs own fat cells to enhance the breasts, buttocks, hips, or other areas and do not require silicone or foreign materials to be implanted. Its body contouring procedures include the Power BBL, a Brazilian butt lift procedure, the Up a Cup, a breast enhancement procedure, and the Hip Flip, an hourglass contouring procedure. Its AirSculpt + procedure permanently removes fat and tightens the skin with unparalleled precision and finesse.