OneSpaWorld Q2 Earnings Top Estimates

OneSpaWorld Holdings Ltd (NASDAQ:OSW) reported second-quarter FY22 sales of $127.38 million, beating the consensus of $112.58 million. It reported $9.15 million in revenue last year.
Total operating expenses shot up to $126.4 million versus $26.1 million the previous year.
The operating margin was 0.8%, and operating income for the quarter was $1.02 million.
The company held $33.9 million in cash and equivalents as of June 30, 2022.
Adjusted EBITDA for the quarter was $9.1 million versus an adjusted EBITDA loss of $(9.7) million last year.
Adjusted EPS of $0.04 beat the analyst consensus of $0.02.
Price Action: OSW shares are trading higher by 10.99% at $8.48 on the last check Wednesday.