AirSculpt Technologies (NASDAQ:AIRS) Posts Quarterly Earnings Results, Hits Expectations

Key Points

• AirSculpt Technologies reported earnings of $0.02 EPS for the quarter, meeting estimates, but fell short on revenue with $44.01 million compared to expectations of $45.59 million.
• The company has a negative net margin of 9.95% and a negative return on equity of 15.01%, reflecting financial challenges compared to previous performance.
• Invesco Ltd. has acquired a new position, purchasing 24,169 shares valued at around $56,000, and institutional investors now own 91.54% of AirSculpt's stock.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02, RTT News reports. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. The company had revenue of $44.01 million during the quarter, compared to analyst estimates of $45.59 million. During the same period in the prior year, the business posted $0.09 EPS. AirSculpt Technologies updated its FY 2025 guidance to EPS.

AirSculpt Technologies Price Performance

AIRS stock traded up $0.13 during trading hours on Wednesday, hitting $6.15. 544,959 shares of the stock traded hands, compared to its average volume of 470,825. The stock has a 50-day simple moving average of $5.29 and a 200 day simple moving average of $4.12. The company has a market cap of $384.01 million, a P/E ratio of -24.60 and a beta of 2.50. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 0.58. AirSculpt Technologies has a one year low of $1.53 and a one year high of $9.20.

Institutional Trading of AirSculpt Technologies

A hedge fund recently bought a new stake in AirSculpt Technologies stock. Invesco Ltd. acquired a new stake in AirSculpt Technologies, Inc. (NASDAQ:AIRS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,169 shares of the company's stock, valued at approximately $56,000. Institutional investors own 91.54% of the company's stock.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.