Yogaworks, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Third Quarter and Fiscal Year 2017
For the six months, net revenue was $26,483,555 compared to $28,421,723 a year ago. Loss from operation was $6,194,991 compared $3,586,449 a year ago. Net loss before tax was $7,005,497 compared to $4,367,630 a year ago. Net loss was $7,064,503 compared to $4,378,255 a year ago. Net loss attributable to common stockholders was $8,060,246 compared to $6,662,811 a year ago. Basic and diluted loss per share was $1.66 compared to $91.08 a year ago. Non-GAAP net loss was $289,000 compared to $1,200,000 a year ago. Non-GAAP adjusted EBITDA was $551,000 compared to $46,000 a year ago.
For the third quarter of 2017, the Company expects net revenue between $12.7 million and $13.2 million and Adjusted LBITDA between $0.3 million and $0.8 million.
For fiscal 2017, the Company expects net revenue between $53.2 million and $54.2 million and Adjusted LBITDA between $0.5 million and $1.5 million. Net revenue for fiscal 2017 assumes the acquisition of 10 to 13 studios in the second half of the year.