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]

Core Insights - Inspirato Incorporated achieved profitability and positive cash flow from operations in Q4 2024, setting a strong foundation for full-year profitability in 2025 through improved gross margins and operational efficiencies [1][3][4] 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][6] - Subscription revenue for Q4 2024 was $24.9 million, down 21.6% year-over-year, and for the full year, it was $101.2 million, a 26.5% decrease [4][9] - Travel and rewards revenue decreased by approximately 8.8% in Q4 and 12.8% for the full year [9] Gross Margins and Losses - Q4 2024 gross margin improved to $21.9 million (35% of total revenue) from $12.8 million (18% of total revenue) in Q4 2023, while full-year gross margin was $119.2 million (43% of total revenue) compared to $54.3 million (17% of total revenue) in 2023 [5][9] - Net losses for Q4 2024 were $2.3 million, an 86% improvement year-over-year, and full-year net losses were $8.8 million, significantly reduced from $93.9 million in 2023 [6][8] Operational Metrics - Adjusted EBITDA for Q4 2024 was $1.9 million, compared to a loss of $5.4 million in Q4 2023, while full-year Adjusted EBITDA loss was $6.5 million, improved from a loss of $29.3 million in 2023 [7][8] - The company added 14 new luxury residences and achieved a Net Promoter Score of 70, indicating strong customer satisfaction [7] Future Guidance - Inspirato anticipates full-year revenue for 2025 to be between $235 million and $255 million, with expected Adjusted EBITDA of $0 to $5 million, driven by a projected 300 basis point improvement in gross margins [7][8]

Core Points - Inspirato Incorporated plans to release its fourth quarter and full year 2024 financial and operating results on February 24, 2025 [1] - A conference call will be held on February 25, 2025, to discuss the results, with an audio replay available shortly after [2][3] - Inspirato is a luxury vacation club offering exclusive access to curated vacation options, including luxury homes and five-star accommodations [3]

DENVER, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier luxury vacation club, today announced plans to release its fourth quarter and full year 2024 financial and operating results after market close on Monday, February 24. The Company will host a conference call on Tuesday, February 25, to discuss the results. To listen to the audio webcast and Q&A, please visit the Inspirato Investor Relations website at https://investor.inspirato.com or ...

DENVER, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (NASDAQ:ISPO), the premier members-only luxury vacation club is excited to share its plans for significant expansion in 2025 and beyond. This initiative intends to add new homes in some of the world's most sought-after destinations while enhancing its portfolio in key existing markets to provide members with a truly unparalleled travel experience. New & Expanded Destinations Europe: Amalfi Coast, Bodrum, Capri, C ...

DENVER, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (NASDAQ:ISPO), the premier members-only luxury vacation club, today announced increased ownership by Chairman and CEO Payam Zamani. The investment was made both directly by Zamani, as well as his fully owned investment firm One Planet Group, further demonstrating his strong commitment to Inspirato, the future of the Company, and its position within the luxury club and vacation market. Zamani's recent increased in ...

DENVER, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier members-only luxury vacation club, today announced increased ownership by Chairman and CEO Payam Zamani. The investment was made both directly by Zamani, as well as his fully owned investment firm One Planet Group, further demonstrating his strong commitment to Inspirato, the future of the Company, and its position within the luxury club and vacation market. Zamani’s recent increased i ...

DENVER, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier members-only luxury vacation club, announced a strategic partnership with BLADE Urban Air Mobility (“BLADE”), a pioneering leader in short-distance aviation. This collaboration provides Inspirato members with access to BLADE’s helicopter services, bringing them closer to Inspirato’s luxury destinations with unmatched convenience and style. "Inspirato offers its members access to the mo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39791 INSPIRATO INCORPORATED (Exact Name of Registrant as Specified in its Charter) Delaware (State or othe ...

Financial Performance - Total revenue for Q3 2024 was $69.1 million, a sequential increase of 3% from Q2 2024 but a year-over-year decrease of 16% compared to Q3 2023[3]. - Gross margin reached $49.4 million, or 71% of revenue, significantly up from $20.6 million, or 25% of revenue in Q3 2023, reflecting a 140% increase[4]. - Net income for Q3 2024 was $6.6 million, a turnaround from a net loss of $25.4 million in Q3 2023[4]. - Adjusted EBITDA loss improved by 63% year-over-year to $3.4 million in Q3 2024, compared to a loss of $9.2 million in Q3 2023[5]. - Revenue for the three months ended September 30, 2024, was $69,114,000, a decrease of 16.3% compared to $82,598,000 for the same period in 2023[25]. - Adjusted net loss for the three months ended September 30, 2024, was $14,302,000, compared to an adjusted net loss of $21,395,000 for the same period in 2023[31]. - Net income for the three months ended September 2024 was $(6,622) thousand, compared to $(25,422) thousand for the same period in 2023[32]. - Adjusted EBITDA for the three months ended September 2024 was $(3,354) thousand, with an Adjusted EBITDA margin of (4.9)%, compared to $(9,165) thousand and (11.1)% in the same period of 2023[32]. - Free cash flow for the three months ended September 2024 was $(15,051) thousand, compared to $(15,568) thousand for the same period in 2023[33]. - Net cash used in operating activities for the nine months ended September 2024 was $(22,713) thousand, compared to $(45,405) thousand for the same period in 2023[33]. Membership and Revenue Breakdown - The company ended Q3 2024 with approximately 11,700 members, including about 10,200 Inspirato Club members and 1,500 Inspirato Pass members[5]. - Travel revenue for Q3 2024 was $42.6 million, down 13.2% year-over-year, while subscription revenue was $23.0 million, down 31.0% year-over-year[8]. - Total nights delivered in Q3 2024 was 35,600, a decrease from 46,300 in Q3 2023, with occupancy at 73%[9]. - Average Daily Rate (ADR) for Q3 2024 was $1,449, compared to $1,311 in Q3 2023, reflecting an increase of 10.6%[9]. Assets and Liabilities - Total assets decreased to $273,325,000 as of September 30, 2024, down from $330,727,000 as of December 31, 2023[26]. - Total liabilities decreased to $407,902,000 as of September 30, 2024, compared to $485,425,000 as of December 31, 2023[27]. - Cash and cash equivalents decreased to $13,479,000 as of September 30, 2024, down from $36,566,000 as of December 31, 2023[26]. - The company’s total equity (deficit) excluding noncontrolling interest was $(134,577,000) as of September 30, 2024, compared to $(30,242,000) as of December 31, 2023[28]. Restructuring and Charges - The company incurred restructuring charges of $6,985,000 during the three months ended September 30, 2024[25]. - The company incurred restructuring charges of $6,985 thousand during the three months ended September 2024[32]. - The company reported asset impairments and gains on lease termination of $(29,895) thousand for the three months ended September 2024[32]. Future Outlook and Strategy - The company has removed 2024 financial guidance, consistent with the prior quarter[7]. - Management expects changes implemented will support profitability and positive free cash flow starting in 2025[6]. - The company emphasizes the importance of its partnership with Capital One Services, LLC in its future strategies[38]. - The company is focused on adapting to changes in consumer preferences and expanding its product offerings in new geographic areas[38]. - The company acknowledges various risks and uncertainties that may impact its future financial performance and operational initiatives[39]. Conference Call Announcement - The company plans to discuss its third quarter operating and financial results in a conference call on October 29, 2024[34].