Core Insights - Inspirato Incorporated has partnered with Clean the World to enhance its sustainability efforts through a structured recycling program for bath amenities [1][2] - The initiative aims to reduce waste by recycling plastic amenity bottles and partially used soap bars, contributing to environmental responsibility [2][3] - This partnership aligns Inspirato's domestic operations with global environmental standards, reinforcing its commitment to responsible travel [3] Company Overview - Inspirato (NASDAQ:ISPO) is a luxury vacation club offering exclusive access to curated vacation options, including luxury homes and five-star accommodations [5] - The company focuses on delivering high service quality and value to its discerning customers [5] Partner Overview - Clean the World is a leader in sustainability within the hospitality industry, dedicated to reducing waste and providing hygiene products to communities in need [6] - The organization collects and recycles discarded soap and plastic amenities to prevent landfill waste [6]

Core Insights - Inspirato Incorporated has renewed and expanded its strategic partnerships with Andaz Maui at Wailea Resort and Fairmont Kea Lani, enhancing exclusive member access to newly renovated oceanfront private residences [1][5] - Fairmont Kea Lani has undergone an extensive transformation, offering redesigned suites and villas, along with elevated guest experiences that reflect the spirit of Aloha [2][3] - Inspirato's partnership with Andaz Maui has deepened due to strong demand, providing members with access to exclusive accommodations, including a notable 4-bedroom, 4,700-square-foot oceanfront villa [3][4] Company Overview - Inspirato is a members-only luxury vacation club that offers exclusive access to a curated portfolio of vacation options, ensuring service, certainty, and value for discerning customers [6] - The company is committed to supporting Maui's recovery and rebuilding efforts, emphasizing responsible tourism [5] Partner Insights - Andaz, part of the Hyatt portfolio, is known for its immersive hospitality experiences that blend contemporary luxury with cultural authenticity [7] - Fairmont, under Accor, is recognized for its iconic properties and exceptional hospitality, offering timeless elegance and unforgettable experiences [8]

Core Insights - Inspirato Incorporated has launched its 2026 Inspirato Only Experience offerings, which include a curated collection of luxury travel experiences designed for discerning travelers [1][3] - The 2026 collection features exclusive itineraries such as the Arctic Expedition and luxury safaris in Africa, emphasizing unique access and thoughtful details [3][8] 2026 Experiences Highlights - The 2026 collection allows members to explore unique destinations, with high demand noted for marquee trips shortly after their launch [3] - Inspirato's offerings include private dinners, local engagement, and exclusive programming tailored to each destination, ensuring memorable experiences [4] Membership and Access - Inspirato's experiences are exclusively available to members, providing access to once-in-a-lifetime travel opportunities [5][6] - The company promotes its membership options as a way to join a community of explorers seeking luxury and curated travel experiences [5] Travel Offerings - The 2026 travel lineup includes luxury cruises through stunning waterways, exclusive safaris in Africa, and VIP access to elite sporting events [8] - Members can enjoy unique experiences such as island-hopping in Bali and premium seating at events like the Australian Open [8]

Financial Condition and Capital Requirements - The company has existing debt and may require additional capital in the future, which might not be available on acceptable terms, potentially harming its financial condition [104]. - The company must maintain a minimum liquidity balance of $10 million under its Master Services Agreement with Capital One, and failure to do so could adversely affect its business [106]. - The company may not have sufficient cash flow to service its existing and potential future debt obligations, which could limit its operational flexibility [105]. - The company agreed to pay a termination fee of $6.6 million under a Lease Termination Surrender Agreement, with payments scheduled from August 2024 to March 2025 [118]. - As of December 31, 2024, the aggregate principal amount of the Note outstanding is $27.6 million, carried at fair value [269]. - A hypothetical 10% increase or decrease in interest rates would have a $1.1 million impact on the carrying value of debt [269]. Internal Control and Financial Reporting - The company restated its Condensed Consolidated Financial Statements for the quarterly periods ended March 31, 2022, and June 30, 2022, due to material weaknesses in internal control over financial reporting, which may have negatively impacted investor confidence [115]. - The company has identified material weaknesses in its internal control over financial reporting, which could result in challenges related to the accuracy of financial data used for decision-making [114]. Tax Liabilities and Compliance - The company is subject to various tax laws and regulations, which could lead to additional tax liabilities and affect its financial condition [123]. - The company currently collects and remits applicable sales taxes in jurisdictions where it has determined a taxable presence, but there is uncertainty regarding future tax obligations which could lead to substantial liabilities [128]. - Ongoing costs associated with compliance with indirect tax requirements in various markets could materially adversely affect the company's financial condition and results of operations [129]. Intellectual Property Risks - The company faces risks related to intellectual property, including potential litigation that could divert resources and adversely affect its business [130]. - The company has applied for patent rights for certain technology aspects, but successful claims against its intellectual property could result in significant monetary liabilities [132]. - The company utilizes third-party open-source software, which poses risks if the terms of licenses are not complied with, potentially leading to increased costs or operational restrictions [133]. Cybersecurity and Data Protection - Cybersecurity risks are heightened due to increasing sophistication of cyberattacks, particularly as the company serves high-income individuals, making it an attractive target [137]. - The company has experienced security incidents primarily through phishing attempts, which were addressed, but any future incidents could harm its reputation and financial results [139]. - Compliance with evolving privacy and data protection laws, such as the GDPR and CCPA, is critical, as noncompliance could result in significant penalties and operational disruptions [142][144]. - Enhanced security measures are being implemented, but the company acknowledges that these may not fully eliminate risks associated with cybersecurity incidents [150]. Market and Currency Risks - Operating expenditures denominated in foreign currencies for the year ended December 31, 2024, were approximately $25.2 million, primarily in Mexican Pesos and Euros [270]. - A hypothetical 10% increase or decrease in the value of the U.S. dollar relative to the Mexican Peso and Euro would impact the Consolidated Financial Statements by $2.5 million [270]. - The company is exposed to equity risk related to stock price fluctuations, which can affect stock-based compensation expenses [271]. Related Party Transactions - The company has entered into related party transactions that may expose it to conflicts of interest and operational inefficiencies [121]. Nasdaq Delisting Risks - The company may face significant negative consequences if its securities are delisted from Nasdaq, including reduced trading activity and limited analyst coverage [113].

DENVER, March 05, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (NASDAQ:ISPO), the premier luxury vacation club, proudly announces its industry-leading 2024 Net Promoter Score (NPS) of 71. NPS is a widely recognized measure of customer satisfaction and loyalty, with scores ranging from -100 to 100. A high NPS score signifies a customers' overall perception of the brand and willingness to recommend the products or services of a company. Inspirato's 2024 results highlight stro ...

75% of 2024 member responses rated their likelihood to recommend Inspirato as a 9 or 10DENVER, March 05, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (NASDAQ: ISPO), the premier luxury vacation club, proudly announces its industry-leading 2024 Net Promoter Score (NPS) of 71. NPS is a widely recognized measure of customer satisfaction and loyalty, with scores ranging from -100 to 100. A high NPS score signifies a customers' overall perception of the brand and willingness to ...

Financial Performance - Fourth quarter net loss of $2.3 million, an 86% year-over-year improvement [2] - Fourth quarter adjusted EBITDA income of $1.9 million, a $7.3 million year-over-year improvement [2] - Fourth quarter net cash from operating activities of $6.9 million, an improvement of $12.9 million compared to Q4 2023 [2] - Full year 2024 total revenue of $279.9 million, a 15% decrease from 2023 [6] - Revenue for the three months ended December 31, 2024, was $63,114,000, a decrease of 10.4% compared to $70,710,000 in the same period of 2023 [27] - Net loss for the year ended December 31, 2024, was $8,804,000, a substantial reduction from $93,859,000 in 2023, indicating improved financial performance [34] - Adjusted EBITDA for the three months ended December 31, 2024, was $1,936,000, compared to a loss of $5,364,000 in the same period of 2023, showing a positive trend [34] - Free Cash Flow for the year ended December 31, 2024, was $(21,781,000), an improvement from $(63,517,000) in 2023, suggesting better cash management [40] Operational Efficiency - Fourth quarter gross margins of $21.9 million, or 35% of total revenue, improved from 18% in Q4 2023 [7] - Gross margin for the year ended December 31, 2024, improved to $119,222,000, compared to $54,314,000 in 2023, reflecting a significant increase in operational efficiency [27] - Cash operating expenses projected between $80 and $90 million, a 15% year-over-year improvement [4] Future Projections - Anticipated adjusted EBITDA for 2025 of $0 to $5 million, driven by a 300 basis point improvement in gross margins [4] - Expected full year 2025 revenue of $235 to $255 million, in line with annualized Q4 2024 revenue [4] Asset Management - Total current assets decreased to $58,383,000 as of December 31, 2024, down from $74,840,000 in 2023, reflecting tighter liquidity [30] - Total liabilities decreased to $403,737,000 as of December 31, 2024, compared to $485,425,000 in 2023, indicating a reduction in financial obligations [30] - Cash and cash equivalents at the end of 2024 were $21,845,000, down from $36,566,000 in 2023, highlighting a need for improved cash flow strategies [30] - The company reported a significant gain on lease termination and loss on asset impairments of $(29,895,000) for the year ended December 31, 2024, compared to a gain of $40,844,000 in 2023, indicating volatility in asset management [34] Strategic Initiatives - The company is exploring various strategic alternatives, including mergers, acquisitions, and joint ventures, to enhance its business and expansion plans [49] - The partnership with Capital One Services, LLC is a key aspect of the company's strategy moving forward [45] - The company is committed to generating positive cash flow from operations and achieving profitability [49] Risks and Uncertainties - The company emphasizes the substantial risks and uncertainties associated with forward-looking statements, including potential changes in management and market conditions [45] - Future financial performance and operational initiatives are subject to numerous risks, including competition in the luxury travel and hospitality industry [45] - The company acknowledges the potential impact of natural disasters, pandemics, and other external factors on its business operations [45] - Future capital requirements and the ability to obtain funding for operations and growth are critical considerations for the company [49] Market Positioning - Delivered industry-leading Net Promoter Score of 70 [2] - Optimized portfolio with the addition of 14 new luxury residences [2] - The company is focused on developing and maintaining its brand and reputation while adapting to changes in consumer preferences and spending habits [45] Upcoming Events - The company plans to discuss its 2024 fourth quarter operating and financial results in a conference call scheduled for February 25, 2025, which may provide further insights into future strategies [42]

Inspirato Incorporated (NASDAQ:ISPO) Q4 2024 Earnings Conference Call February 25, 2025 11:00 AM ET Company Participants Kyle Sourk - Investor Relations Payam Zamani - Chairman & Chief Executive Officer Michael Arthur - Incoming Chief Financial Officer Conference Call Participants Mike Grondahl – Northland Rommel Dionisio - Aegis Capital Operator Good day, and thank you for standing by. Welcome to the Inspirato Fourth Quarter 2024 earnings conference call. At this time, all participants are in a listen-only ...

Core Insights - Inspirato Incorporated reported profitability and positive cash flow from operations in Q4 2024, indicating strong momentum as it enters 2025 [1][3] - The company aims for full-year profitability in 2025 by enhancing gross margins and operational efficiencies [1][3] Financial Performance - Q4 2024 revenue was $63.1 million, a decrease of 10.7% from Q4 2023, while full-year revenue was $279.9 million, down 15% from 2023 [4][8] - Travel and rewards revenue for Q4 2024 was $38.2 million, and subscription revenue was $24.9 million, reflecting decreases of 22% and 21.6% respectively compared to Q4 2023 [4][8] - Gross margins improved significantly, with Q4 2024 gross margin at $21.9 million (35% of total revenue) compared to $12.8 million (18% of total revenue) in Q4 2023 [5][8] Operational Metrics - The company delivered 12,200 paid nights in Q4 2024, down from 14,100 in Q4 2023, with total nights delivered at 17,300 [8][20] - Average Daily Rate (ADR) for Q4 2024 was $1,828, an increase from $1,687 in Q4 2023 [8][20] - Inspirato achieved a Net Promoter Score of 70, indicating strong customer satisfaction [7] Future Guidance - For 2025, Inspirato anticipates Adjusted EBITDA of $0 to $5 million, driven by a projected 300 basis point improvement in gross margins [7][8] - Expected full-year revenue for 2025 is projected between $235 million and $255 million, aligning with annualized Q4 2024 revenue [7][8]

2025 plan targets full-year profitability through improved gross margins and operational efficienciesDENVER, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier luxury vacation club, today announced its 2024 fourth quarter and full year financial and operating results. The Company closed the fourth quarter with profitability and positive cash flow from operations, reinforcing its momentum heading into 2025, where it plans to achieve full-year p ...