AirSculpt Technologies(US:AIRS) Globenewswire·2025-11-07 11:00Core Insights - AirSculpt Technologies reported a decline in third quarter revenue and case volume, but remains optimistic about future growth opportunities driven by market trends in aesthetics and GLP-1 usage [2][8]. Financial Performance - Third quarter 2025 revenue decreased by 17.8% to $35.0 million from $42.5 million in Q3 2024 [8]. - Case volume for Q3 2025 was 2,780, down 15.2% from 3,277 in Q3 2024 [8]. - Net loss for Q3 2025 was $9.5 million compared to a net loss of $6.0 million in Q3 2024 [8]. - Adjusted EBITDA for Q3 2025 was $3.0 million, down from $4.7 million in Q3 2024 [8]. Year-to-Date Results - For the first nine months of 2025, revenue declined 16.1% to $118.4 million from $141.2 million in the same period of 2024 [8]. - Year-to-date case volume was 9,248, a decline of 15.7% from 10,972 in the first nine months of 2024 [8]. - Net loss for the first nine months of 2025 was $13.0 million compared to $3.2 million in the same period of 2024 [8]. - Adjusted EBITDA for the first nine months of 2025 was $12.6 million, down from $18.9 million in 2024 [8]. Liquidity and Financial Position - As of September 30, 2025, the company had $5.4 million in cash and cash equivalents, with an additional $5.0 million borrowing capacity under its revolving credit facility [7]. - The company generated $5.6 million in operating cash flow for the nine months ended September 30, 2025, compared to $6.8 million for the same period in 2024 [7]. Strategic Initiatives - The CEO highlighted ongoing initiatives focused on growth opportunities, margin improvement, and debt reduction, with a positive outlook for same-store sales trends entering Q4 2025 [2]. - The company has reduced debt by $18 million and delivered positive cash flow year-to-date [2]. Management Changes - Michael Arthur has been appointed as the new Chief Financial Officer, effective January 5, 2026, bringing extensive public market experience [3].