Xponential Fitness Shares Fall As Q2 Loss Widens

Xponential Fitness Inc XPOF reported second-quarter FY21 sales growth of 67% year-on-year, to $35.8 million.
System-wide same store sales increased 129%.
Operating expenses rose 65% Y/Y to $36.2 million.
Adjusted EBITDA was $8.3 million versus $(3.1) million in Q2 FY20.
Net loss of the company widened to $(8) million from $(4.8) million in Q2 FY20. It reported a loss per share of $(0.33) on a pro forma basis in the quarter.
Net cash provided by operating activities totaled $0.8 million in Q2.
Xponential held $20.2 million in cash and equivalents as of June 30, 2021.
Outlook: Xponential sees FY21 revenue of $135.5 million - $137.0 million.
The company expects FY21 Adjusted EBITDA of $22.0 million - $23.0 million.
Price Action: XPOF shares are trading lower by 5.64% at $11.2 on the last check Wednesday.

Momentum18.67

Growth13.90

QualityNot Available

Value31.53

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