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].

Inspirato Incorporated (ISPO) came out with a quarterly loss of $2.05 per share versus the Zacks Consensus Estimate of a loss of $1.77. This compares to loss of $6.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -15.82%. A quarter ago, it was expected that this company would post a loss of $2.05 per share when it actually produced a loss of $2.25, delivering a surprise of -9.76%. Over the last four quarters, the company ha ...

Implemented reorganization plan, including consolidating dual class share structure, refreshing Board of Directors and executing plans with more than $40 million in annualized cost savings Relentless focus on operating efficiencies in third quarter contributed to significant year-over-year Adjusted EBITDA improvement DENVER, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the premier luxury vacation club, today announced its 2024 third quarter financi ...

DENVER, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated (NASDAQ: ISPO) (the "Company"), the premier luxury vacation club, today announced plans to release its third quarter 2024 financial and operating results after market close on Monday, October 28. The Company will host a conference call on Tuesday, October 29, 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 use the webcast link below. An a ...

DENVER, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (NASDAQ: ISPO), the premier luxury vacation club, today announced the promotion of Michael Arthur to Chief Financial Officer. Robert Kaiden, the current CFO, has planned to transition out of the role effective November 8, 2024. The Company also named three new members to its Board of Directors. Mr. Arthur joined Inspirato in February 2023 and has served as Senior Vice President of Finance, overseeing Corporate Fi ...

The luxury vacation club is set to install Tonal's revolutionary trainer in select vacation homes across the portfolio. Inspirato is excited to announce a new partnership with Tonal, the world's smartest strength training system, to install the innovative Tonal trainer in select Inspirato vacation homes. Inspirato members are eligible for an exclusive discount on the purchase of their own Tonal trainer. This partnership is a reflection of Inspirato's commitment to curating unforgettable experiences, continu ...

The members-only luxury vacation club boasts a high Net Promoter Score of 71, a metric for measuring customer satisfaction—one of the highest in the travel industry. Inspirato's year-to-date Net Promoter Score is 71, an impressive benchmark that showcases its strong relationship with its member base who love to vacation with the club. More than 76% of 2024 Inspirato member survey respondents rated their experience with Inspirato as a 9 or 10 and identify themselves as promoters of Inspirato. Such a high Net ...