From GlobeNewswire: 2024-05-07 16:30:00

Inspirato Incorporated (NASDAQ: ISPO) reported positive financial results for the first quarter of 2024, including a net income of $2.2 million compared to a net loss of $5.9 million in 2023. With adjusted EBITDA of $4.1 million, the company saw a $7.2 million improvement. Revenue was $80.2 million, and total active subscriptions were approximately 13,000.

CEO Eric Grosse expressed satisfaction with the company’s performance, attributing it to strategic execution. CFO Robert Kaiden highlighted efforts to optimize operations, resulting in profitability after more than three years. The company reaffirmed guidance for 2024 with revenue between $275-305 million and adjusted EBITDA between a gain of $5 million and a loss of $15 million.

Total revenue for the first quarter of 2024 was $80.2 million, a 12% decrease year-over-year. Gross margin improved to 40%, with a 19% cost of revenue improvement. Residence occupancy increased to 80%, with a 9% planned reduction in average daily rates to $1,965. The company reported a total of approximately 13,000 active subscriptions, including both Inspirato Club and Inspirato Pass subscriptions.



Read more at GlobeNewswire:: Inspirato Announces First Quarter 2024 Results; Improved