Brief: Onespaworld Reports First Quarter Fiscal 2020 Financial Results

ONESPAWORLD HOLDINGS

13/05/2020 11:53

May 13 (Reuters) - OneSpaWorld Holdings Ltd  OSW.O :
    * ONESPAWORLD REPORTS FIRST QUARTER FISCAL 2020 FINANCIAL
RESULTS;
DECISIVE AND BOLD ACTIONS TAKEN TO NAVIGATE COVID-19 PANDEMIC
    * Q1 REVENUE $114.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$119.1 MILLION
    * CASH AT END OF FIRST FISCAL QUARTER TOTALLED $21 MILLION,
AS
COMPARED TO $16 MILLION IN Q1 OF FISCAL 2019
    * QTRLY LOSS PER SHARE $3.25
    * ONESPAWORLD HOLDINGS - NOT PROVIDING FINANCIAL GUIDANCE
DUE TO
ONGOING BUSINESS DISRUPTION, SUBSTANTIAL UNCERTAINTY SURROUNDING
IMPACT OF COVID-19
    * ARE MAINTAINING OUR READINESS TO RAPIDLY ENGAGE AND SCALE
OUR
GLOBAL OPERATIONS WHEN VOYAGES RESUME AND RESORTS REOPEN
    * ONESPAWORLD HOLDINGS - NOT PROVIDING FINANCIAL GUIDANCE
FOR Q2
2020, FISCAL YEAR 2020
    * ONESPAWORLD HOLDINGS - GOODWILL, TRADE NAME IMPAIRMENT
CHARGES
TOTALED $190.8 MILLION IN Q1 2020
    * ONESPAWORLD HOLDINGS - ESTIMATED THAT REVENUE LOST RELATED
TO
COVID-19 & RESULTING CANCELLED VOYAGES,CLOSED DESTINATION
RESORTS DURING QUARTER WAS $35 MILLION
    * VIRTUALLY ALL OF OUR ONBOARD KEY PERFORMANCE METRICS WERE
POSITIVELY TRENDING THROUGH FEBRUARY

Source text for Eikon:  ID:nBw12S5DPa 
Further company coverage:  OSW.O 

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