LuxUrban Hotels Inc. (LUXH) Misses Q2 EPS by 82c

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Go back to LuxUrban Hotels Inc. (LUXH) Misses Q2 EPS by 82c

LuxUrban Hotels Inc. Announces Record 2023 Second Quarter Financial Results

August 8, 2023 4:15 PM EDT

Net Rental Revenue Rose to $31.9 Million from $10.2 Million

EBITDA Improved to $8.4 Million and Cash Net Income Rose to $7.2 Million; Net Loss of $(26.8) Million Included $28.5 Million of One-time, Non-Cash Financing Costs Associated with Acquisition / Elimination of Future Revenue Share Payments

Significantly Reduced Debt Profile, Including Elimination of All Senior Secured Debt

Shareholders Equity of $13.5 Million Represented a $16.7 Million Improvement from December 31, 2022

Collaboration with Wyndham Hotels & Resorts Expected to Accelerate LuxUrbans Asset-Light Acquisition Growth Strategy

... More