OneSpaWorld Holdings Ltd (OSW) Financials

OneSpaWorld Holdings Ltd (OSW) is a leading provider of health and wellness services for cruise ship passengers and resort guests worldwide. The company offers a wide range of spa, beauty, fitness, and wellness services, including massages, facials, hair treatments, manicures, pedicures, and fitness classes. With over 180 spa locations across 66 cruise ships and 47 resorts, OneSpaWorld is well-positioned to capitalize on the growing demand for health and wellness experiences.

Let's take a closer look at OneSpaWorld's financial performance. Starting with the income statement, the company reported total revenue of $285.6 million in the latest fiscal year. This represents a 10% increase compared to the previous year. Gross profit for the year was $143.2 million, resulting in a gross profit margin of 50.1%. Operating income, also known as EBIT (Earnings Before Interest and Taxes), was $15.8 million, with an EBIT margin of 5.5%. Net income attributable to stockholders was $7.2 million.

Moving on to the balance sheet, OneSpaWorld had total assets of $334.1 million at the end of the fiscal year. This includes cash equivalents of $8.9 million and net debt of $122.3 million. Stockholders' equity, which represents the residual interest in the company's assets after deducting liabilities, stood at $105.4 million. Total liabilities amounted to $228.7 million, including total debt of $130.6 million.

Finally, let's analyze the cash flow statement. OneSpaWorld generated $16.5 million in cash from operating activities during the year, reflecting its ability to generate cash from its core spa and wellness services. The company also had positive investing cash flow of $4.5 million, mainly driven by capital expenditures for spa expansion and technological enhancements. On the financing side, OneSpaWorld had negative cash flow of $19.3 million, primarily due to debt repayments and dividend payments. As a result, free cash flow for the year was -$3.9 million.

In summary, OneSpaWorld Holdings Ltd (OSW) has shown solid financial performance, with increasing revenue and gross profit. However, the company has a moderate level of debt and negative free cash flow. OneSpaWorld's focus on the growing health and wellness industry and its strategic partnerships with cruise lines and resorts position it well for future growth and profitability.