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OneSpaWorld Holdings Limited (OSW)

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld's distinguished spas offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 163 cruise ships and at 54 destination resorts around the world. OneSpaWorld holds the leading market position within the fast-growing international leisure market that has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, and a history of service and product innovation that has enhanced its guests' personal care experiences while vacationing for over 50 years.

Company profile

Ticker
OSW
Exchange
Website
CEO
Glenn J. Fusfield
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Dory Intermediate LLC • Dory Acquisition Sub, Ltd. • Dory Acquisition Sub, Inc. • Haymaker Acquisition Corp. • OneSpaWorld LLC • Steiner Spa Asia Limited • Steiner Spa Limited • OneSpaWorld Marks Limited • Mandara Spa (Hawaii), LLC • Florida Luxury Spa Group, LLC ...

OSW stock data

Calendar

3 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.89M 33.89M 33.89M 33.89M 33.89M 33.89M
Cash burn (monthly) (no burn) 659.08K (no burn) (no burn) (no burn) 922.08K
Cash used (since last report) n/a 1.95M n/a n/a n/a 2.72M
Cash remaining n/a 31.94M n/a n/a n/a 31.16M
Runway (months of cash) n/a 48.5 n/a n/a n/a 33.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Aug 22 Fluxman Leonard I Common Shares Other Dispose J No No 9.2515 92,153 852.55K 1,474,031
18 Aug 22 Lazarus Stephen Common Shares Other Dispose J No No 9.2515 63,435 586.87K 485,620
3 Aug 22 Fusfield Glenn Common Shares Option exercise Acquire M No No 0 10,215 0 163,292
3 Aug 22 Fusfield Glenn RSU Common Shares Option exercise Dispose M No No 0 10,215 0 0
26 Jul 22 Maryam Banikarim Common Shares Grant Acquire A No No 0 21,429 0 27,840
26 Jul 22 Fusfield Glenn Common Shares Grant Acquire A No No 0 21,429 0 153,077
13F holders Current Prev Q Change
Total holders 113 112 +0.9%
Opened positions 13 14 -7.1%
Closed positions 12 10 +20.0%
Increased positions 49 42 +16.7%
Reduced positions 36 43 -16.3%
13F shares Current Prev Q Change
Total value 1.2B 1.42B -15.6%
Total shares 141.52M 142.44M -0.6%
Total puts 28.7K 0 NEW
Total calls 0 0
Total put/call ratio Infinity
Largest owners Shares Value Change
STNR Steiner Leisure 71.62M $699.04M 0.0%
Ariel Investments 16.9M $121.17M +13.1%
BEN Franklin Resources 5.44M $39M +2.1%
Select Equity 5.32M $38.17M +6.4%
BLK Blackrock 4.63M $33.23M +22.3%
FMR 4.44M $31.82M +6.4%
New South Capital Management 3.19M $22.88M -2.6%
TimesSquare Capital Management 3.14M $22.52M +23.4%
Pinnacle Associates 1.91M $13.7M -1.1%
Granahan Investment Management 1.7M $12.16M -29.5%
Largest transactions Shares Bought/sold Change
Capital Research Global Investors 0 -2.21M EXIT
Ariel Investments 16.9M +1.95M +13.1%
AMP Ameriprise Financial 1.32M -1.76M -57.1%
Aperture Investors 0 -1.32M EXIT
BLK Blackrock 4.63M +843.97K +22.3%
Granahan Investment Management 1.7M -709.55K -29.5%
TimesSquare Capital Management 3.14M +595.4K +23.4%
Select Equity 5.32M +320.79K +6.4%
FMR 4.44M +265.36K +6.4%
MS Morgan Stanley 269.24K +250.13K +1309.0%

Financial report summary

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Risks
  • Actual or Threatened Epidemics or Pandemics may Have an Adverse Effect on our Business, Financial Condition and Results of Operation
  • We Depend on Our Agreements with Cruise Lines and Destination Resort Health and Wellness Centers; if These Agreements Terminate, Our Business Would Be Harmed
  • We Are Required to Make Minimum Payments under Our Agreements and May Face Increasing Payments to Cruise Lines and Owners of Our Destination Resort Health and Wellness Centers
  • We Depend on the Continued Viability of the Ships and Destination Resort Health and Wellness Centers We Serve
  • Increased Costs Could Adversely Impact our Financial Results
  • Possible Adverse Changes in United States or Foreign Tax Laws or Changes in Our Business Could Increase Our Taxes
  • The Success of Health and Wellness Centers Depends on the Hospitality Industry
  • We Compete with Passenger Activity Alternatives
  • Risks Relating to Non-U.S. Operations and Hostilities
  • Increased Severe Weather, Including as A Result of Climate Change, Can Disrupt Our Operations
  • Risk of Early Termination of Land-Based Health and Wellness Center Agreements
  • Delays in New Ship Introductions Could Slow Our Growth
  • Changes in and Compliance with Laws and Regulations Relating to Environment, Health, Safety, Security, Data Privacy and Protection, Tax and Anti-Corruption Under Which We Operate May Lead to Litigation, Enforcement Actions, Fines, or Penalties
  • Product Liability and Other Potential Claims Could Adversely Affect Us
  • Our Indebtedness Could Adversely Affect Our Financial Condition and Ability to Operate and We May Incur Additional Debt
  • Our Credit Facilities Contain Financial and Other Covenants. The Failure to Comply with Such Covenants Could Have An Adverse Effect on Us
  • Our First and Second Lien Term Facilities Are Tied to LIBOR
  • We Restated Our Previously Issued Consolidated Financial Statements as of December 31, 2020 and 2019 and for the Year Ended December 31, 2020 (Successor), and the Period from March 20, 2019 to December 31, 2019 (Successor), Which May Lead to Additional Risks and Uncertainties, Including Loss of Investor Confidence and Negative Impacts on Our Share Price
  • If We Are Unable to Execute Our Growth Strategies, Including Our Ability to Offer and Integrate New Services and Products, Our Business Could Be Adversely Affected
  • Our Business Could Be Adversely Affected if We Are Unable to Successfully Protect Our Trademarks or Obtain New Trademarks
  • We Are Subject to Currency Risk
  • We May Be Exposed to the Threat of Cyber Attacks and/or Data Breaches, which Could Cause Business Disruptions and Loss
  • Changes in Privacy Law Could Adversely Affect Our Ability to Market Our Services Effectively
  • Steiner Leisure Owns a Significant Portion of Our Shares and Has Representation on Our Board; Steiner Leisure May Have Interests That Differ from Those of Other Shareholders
  • If We Fail to Maintain an Effective System of Internal Control over Financial Reporting, We May Not Be Able to Accurately Report Our Financial Results or Prevent Fraud; as a Result, Shareholders Could Lose Confidence in Our Financial and Other Public Reporting, Which Is Likely to Negatively Affect Our Business and the Market Price of Our Common Shares
  • The Market Price and Trading Volume of Our Common Shares Has Been and May Continue to Be Volatile
  • If Securities or Industry Analysts Do Not Publish Research, Publish Inaccurate or Unfavorable Research or Cease Publishing Research About Us, Our Share Price and Trading Volume Could Decline Significantly
  • Future Issuances of Debt Securities and/or Equity Securities May Adversely Affect Us, Including the Market Price of Our Common Shares, and May Be Dilutive to Our Existing Shareholders
  • You May Have Difficulty Enforcing Judgments Against Us
  • Certain Provisions in Our Articles May Limit Shareholders’ Ability to Affect a Change in Management or Control
Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • The information for the years ended December 31, 2021 and 2020 (Successor), the period from March 20, 2019, to December 31, 2019 (Successor) and the period from January 1, 2019 to March 19, 2019 (Predecessor) is derived from OSW Predecessor’s audited consolidated and combined financial statements and the notes thereto included elsewhere in this report.
  • Any reference to “OneSpaWorld” refers to OneSpaWorld Holdings Limited and our consolidated subsidiaries on a forward-looking basis or, as the context requires, to the historical results of OSW Predecessor. Any reference to “OSW Predecessor” refers to the entities comprising the “OneSpaWorld” business prior to the consummation of the Business Combination.

Content analysis

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H.S. sophomore Avg
New words: acquired, drove, encouraged, finalizing, inter, introduction, NaN, onset, periodcan, suppressed, transmission
Removed: applied, began, begun, conditional, establishment, Framework, implement, intercreditor, January, length, Medispa, OSW, passenger, realizable, safety, transportation, vaccinated, wealth