Jones Trading Downgrades LuxUrban Hotels Inc. (LUXH) to Hold

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Go back to Jones Trading Downgrades LuxUrban Hotels Inc. (LUXH) to Hold

LuxUrban Hotels (LUXH) Reports Q1 Revenue of $29.1M, Net Loss of $16.8M

May 13, 2024 5:16 PM EDT

LuxUrban Hotels Inc. (Nasdaq: LUXH) today announced financial results for the first quarter ended March 31, 2024 (Q1 2024), including adjusted EBITDA, which is a non-GAAP measure and is accompanied by reconciliation tables in this release. The Company also announced that it will file its Form 10-Q with the Securities and Exchange Commission on May 13, 2024.

We reported Q1 2024 net rental revenue of $29.1 million, a 27.6% increase from last years first quarter, and adjusted EBITDA of $2.5 million. Our bookings outlook as we enter the seasonally stronger spring and summer months is encouraging, said Shanoop Kothari, Chief... More