AirSculpt Technologies, Inc. (AIRS) · 10+ Years of Financial statements

Income Statement	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	41	63	133	169	196
+ Sales & Services Revenue	41	63	133	169	196
- Cost of Revenue	15	23	45	63	74
+ Cost of Goods & Services	15	23	45	63	74
Gross Profit	26	39	89	106	122
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	25	29	72	109	113
+ Selling, General & Admin	20	24	66	101	102
+ Research & Development	- -	- -	- -	- -	- -
+ Other Operating Expense	5	6	7	8	10
Operating Income (Loss)	1	10	16	-3	9
- Non-Operating (Income) Loss	3	2	6	8	6
+ Interest Expense, Net	3	2	5	7	6
+ Interest Expense	3	2	5	7	6
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	1	1	- -
Pretax Income	-2	8	11	-11	3
- Income Tax Expense (Benefit)	- -	- -	- -	3	7
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-2	8	11	-15	-4
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-2	8	11	-15	-4
- Minority Interest	- -	- -	- -	- -	- -
Net Income, GAAP	-2	8	11	-15	-4
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-2	8	11	-15	-4
Basic Weighted Avg Shares	56	56	56	56	57
Basic EPS, GAAP	-0.04	0.14	0.19	-0.26	-0.08
Basic EPS from Cont Ops	-0.04	0.14	0.19	-0.26	-0.08
Diluted Weighted Avg Shares	56	56	56	56	57
Diluted EPS, GAAP	-0.04	0.14	0.19	-0.26	-0.08
Diluted EPS from Cont Ops	-0.04	0.14	0.19	-0.26	-0.08
EBITDA	6	16	23	5	20
EBITDA Margin (%)	13.64	24.97	17.29	2.72	9.97
EBITA	1	10	16	-3	9
EBIT	1	10	16	-3	9
Gross Margin (%)	62.44	62.61	66.59	62.81	62.22
Operating Margin (%)	1.61	15.98	12.34	-2.05	4.73
Profit Margin (%)	-5.36	12.07	7.91	-8.7	-2.29
Sales per Employee	- -	- -	497,444	558,921	514,218
Dividend per Share	0.01	0.08	1.2	0.44	0.01
Depreciation Expense	5	6	7	8	10

Balance Sheet	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	7	12	29	17	16
+ Cash, Cash Equivalents & STI	5	10	25	10	10
+ Cash & Cash Equivalents	5	10	25	10	10
+ ST Investments	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	3	2
+ Accounts Receivable, Net	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	3	2
+ Inventories	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	4	4	4
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	165	168	171	184	188
+ Property, Plant & Equip, Net	16	24	32	48	54
+ Property, Plant & Equip	17	25	35	54	66
- Accumulated Depreciation	- -	1	3	6	12
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	148	144	139	136	134
+ Total Intangible Assets	147	142	138	133	128
+ Goodwill	82	82	82	82	82
+ Other Intangible Assets	65	61	56	51	46
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	1	2	2	3	6
Total Assets	172	180	201	201	204
+ Payables & Accruals	3	3	9	13	11
+ Accounts Payable	2	1	3	4	4
+ Accrued Taxes	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	2	7	10	7
+ ST Debt	2	3	4	6	8
+ ST Borrowings	- -	- -	1	2	2
+ ST Finance Leases	2	3	3	4	5
+ Other ST Liabilities	3	3	3	2	1
+ Deferred Revenue	3	3	3	2	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -
Total Current Liabilities	8	9	16	22	20
+ LT Debt	43	46	96	101	92
+ LT Borrowings	32	32	82	81	70
+ LT Finance Leases	10	14	15	20	23
+ Other LT Liabilities	- -	- -	4	7	8
+ Accrued Liabilities	- -	- -	4	5	7
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	1	1
Total Noncurrent Liabilities	43	46	101	108	100
Total Liabilities	51	56	117	130	120
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	84	86	104
+ Common Stock	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	84	86	104
- Treasury Stock	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	-15	-20
+ Other Equity	- -	- -	- -	- -	- -
Equity Before Minority Interest	120	124	84	71	84
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
Total Equity	120	124	84	71	84
Total Liabilities & Equity	172	180	201	201	204
Shares Outstanding	56	56	56	56	57
Capital Leases - Total	12	17	18	24	28
Net Debt	28	22	57	74	61
Net Debt to Equity	22.91	17.9	68.55	104.47	73.06
Tangible Common Equity Ratio	-109.42	-50.09	-85.85	-91.37	-58.06
Current Ratio	0.79	1.22	1.79	0.75	0.79
Cash Conversion Cycle	- -	-24.95	-15.43	-18.94	-19.15
Number of Employees	- -	- -	268	302	381

Cash Flow Statement	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-2	8	11	-15	-4
+ Depreciation & Amortization	5	6	7	8	10
+ Non-Cash Items	1	1	9	33	20
+ Stock-Based Compensation	- -	- -	7	29	18
+ Deferred Income Taxes	- -	- -	- -	1	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	1	2	- -
+ Chg in Non-Cash Work Cap	2	- -	1	-2	-1
+ (Inc) Dec in Accts Receiv	- -	- -	- -	-3	1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-2	- -	-4	- -	- -
+ Inc (Dec) in Accts Payable	2	- -	6	9	2
+ Inc (Dec) in Other	1	- -	-2	-8	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	5	14	27	24	24
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-4	-7	-13	-10
+ Acq of Fixed Prod Assets	-4	-4	-7	-13	-10
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	-4	-4	-7	-13	-10
+ Dividends Paid	- -	-5	-67	-24	- -
+ Net Cash From Debt	- -	- -	49	-1	-12
+ Cash From Debt	- -	2	50	84	- -
+ Repayments of Debt	- -	-3	-1	-84	-12
+ Cash (Repurchase) of Equity	- -	- -	14	- -	- -
+ Increase in Capital Stock	- -	- -	14	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	-2	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	-5	-5	-27	-13
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	- -	5	15	-16	1
EBITDA	6	16	23	5	20
EBITDA Margin (%)	13.64	24.97	17.29	2.72	9.97
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -
Free Cash Flow	- -	10	20	12	14
Free Cash Flow to Firm	- -	13	24	- -	4
Free Cash Flow to Equity	- -	10	68	11	2
Free Cash Flow per Basic Share	0.01	0.18	0.35	0.21	0.25
Price/Free Cash Flow	- -	- -	29.91	5.32	12.47
Cash Flow to Net Income	-2.23	1.84	2.52	-1.67	-5.35

AirSculpt Technologies, Inc.

AIRS US

4.17

4.17