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Inspirato Q2 Earnings & Revenues Lag Estimates, Down Y/Y

Inspirato Incorporated (NASDAQ: ISPO) reported drab second-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Both metrics declined on a year-over-year basis. Dismal Travel and Subscription revenues hampered ISPO's quarterly performance. However, operational efficiencies led to year-over-year improvements in the cost of revenues, gross margin, Adjusted EBITDA loss and negative free cash flow. The company completed a comprehensive transaction with One Planet, securing a $10-million investment in exchange for approximately 2.9 million new shares of Inspirato Class A Common Stock and about 2.9 million warrants. This investment significantly improved liquidity and enhanced its ability to meet operational goals. ISPO expects that portfolio optimization and a reduced cost structure will help achieve future profitability goals. Inside the Headlines In the quarter under review, ISPO reported an adjusted loss per share of $2.25, wider than the Zacks Consensus Estimate of a loss of $2.05. In the prior-year quarter, it reported adjusted earnings per share of $1.80. Total revenues of $67.4 million missed the Zacks Consensus Estimate of $69.9 million. The top line declined 19.9% on a year-over-year basis. Inspirato Incorporated Price, Consensus and EPS Surprise