AirSculpt Technologies Updates Fiscal Year 2024 Guidance in Advance of its Participation in the ICR Conference 2025

Core Viewpoint - AirSculpt Technologies, Inc. has updated its fiscal year 2024 guidance, indicating a shift in expected financial performance as the company aims to stabilize revenue and return to growth under new CEO Yogi Jashnani's leadership [1][2][3]. Financial Performance - The company expects revenues of approximately $180 million, a decrease from the previous guidance of$183 million to $189 million [6]. - Adjusted EBITDA is projected to be around$20.5 million, down from the earlier guidance of $23 million to$28 million [6]. Leadership and Strategy - Yogi Jashnani has officially started as CEO and emphasizes leveraging the company's proprietary technology and asset-light business model to drive long-term profitable growth [2]. - The CEO plans to implement business process changes and enhance technology and consumer insights to inform marketing, real estate, and sales decisions [2]. Business Model and Operations - AirSculpt operates 32 centers globally, with a strong foundation based on over 70,000 successful procedures [2]. - The company offers a next-generation body contouring treatment that is minimally invasive, designed for quick healing and precise results [8]. Upcoming Events - AirSculpt will participate in the ICR Conference 2025, where the CEO and CFO will present insights into the company's business model and future strategy [7].