AirSculpt slides after cutting 2024 revenue forecast

Airsculpt Technologies

09/08/2024 15:02

(Updates)
    ** Shares of AirSculpt Technologies  AIRS.O  fall 25.9% to a
nine-month low of $2.92
        ** Stock set for its worst day in over a year if losses
hold
  
    ** The cosmetic surgery firm lowers annual revenue forecast
to $180 mln-$190 mln from its previous estimate of ~$220 mln 
    ** AIRS posts Q2 loss of 6 cents/shr vs profit of 3
cents/shr a year ago
    ** Co posts Q2 revenue of $51 mln vs $55.7 mln a year ago
    ** Separately, co's CEO Todd Magazine steps down and CFO
Dennis Dean takes over as interim CEO 
    ** YTD, stock down 57.1%

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))