YogaWorks, Inc. Reports Un-Audited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Fourth Quarter and Year of 2017
For the nine months, the company reported net revenue of $40.0 million compared to $41.9 million in 2016. Adjusted LBITDA was $141,000 compared to adjusted EBITDA of $1,626,000 in the last year. Adjusted net loss was $8.1 million compared to $6.5 million in last year. The company reported loss from operations of $10.3 million compared to $5.6 million, net loss before income taxes of $11.6 million compared to $6.8 million, net loss attributable to common stockholders of $12.7 million or $1.51 per basic and diluted share compared to $10.3 million or $140.56 per basic and diluted share for the last year. Net cash provided by operating activities was $1.7 million compared to net cash used in operating activities $0.2 million and purchase of property, equipment, and intangible assets was $1.0 million compared to $2.0 million for the last year.
For the fourth quarter of 2017, the company expects net revenue between $14.3 million and $14.8 million and adjusted LBITDA between $0.7 million and $1.2 million. This compares to net revenue of $13.1 million and adjusted EBITDA of $71,000 for the fourth quarter of 2016.
For fiscal 2017, the company expects net revenue between $54.3 million and $54.8 million and adjusted LBITDA between $0.8 million and $1.3 million. This compares to net revenue of $55.1 million and adjusted EBITDA of $1.7 million for 2016.