LuxUrban Hotels Inc. (LUXH) Tops Q3 EPS by 1c

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Go back to LuxUrban Hotels Inc. (LUXH) Tops Q3 EPS by 1c

LuxUrban Hotels Inc. Announces Record 2023 Third Quarter Financial Results

November 8, 2023 4:17 PM EST

Net Rental Revenue Increased to $31.2 Million from $11.6 Million

Net Income Improved to a Quarterly Record $4.9 Million, or $0.11 Per Share, from a Net Loss of $(3.2) Million, or $(0.13) Per Share

EBITDA Rose to $8.4 Million from $2.4 Million

Increases Net Rental Revenue and EBITDA Guidance for 2023 and 2024

MIAMI--(BUSINESS WIRE)-- LuxUrban Hotels Inc. (or the Company) (Nasdaq: LUXH, LUXHP), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today... More