Inspirato Reports Fourth Quarter Profitability and Positive Cash Flow from Operations

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$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$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]