Drive Shack Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 60.19 million compared to USD 55.28 million a year ago. Revenue was USD 77.46 million compared to USD 68.98 million a year ago.

Net loss was USD 4.93 million compared to USD 18.97 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.22 a year ago.