CEO Jashnani Yogesh’s purchase of 7,000 shares at $2.65 each reflects confidence in AirSculpt Technologies, Inc. (NASDAQ:AIRS).
AIRS reported a quarterly loss of $0.02 per share, surpassing expectations with a 33.33% positive surprise.
The company faces financial challenges with a negative P/E ratio of -8.75 and liquidity concerns highlighted by a current ratio of 0.57.
AirSculpt Technologies, Inc. (NASDAQ:AIRS) is a national provider of premium body contouring procedures. The company is known for its innovative approach to cosmetic surgery, offering minimally invasive procedures. As a player in the Zacks Technology Services industry, AIRS competes with other firms in the cosmetic and medical technology sectors.
On May 7, 2025, CEO Jashnani Yogesh purchased 7,000 shares of AIRS common stock at $2.65 per share, increasing his total holdings to 464,879 shares. This move reflects his confidence in the company’s future, despite recent financial challenges. The transaction details are available on the SEC website.
AIRS recently held its Q1 2025 earnings call, featuring key figures like CEO Yogi Jashnani and CFO Dennis Dean. The company reported a quarterly loss of $0.02 per share, better than the expected $0.03 loss. This was a 33.33% surprise compared to expectations, as highlighted by Zacks. However, it marks a decline from the previous year’s earnings of $0.03 per share.
The company’s revenue for Q1 2025 was $39.37 million, aligning with the Zacks Consensus Estimate but down from $47.62 million the previous year. Despite this decline, AIRS has exceeded revenue estimates three times in the last four quarters. The company attributes its improved profitability to cost reduction initiatives and a new go-to-market strategy.
AIRS faces challenges with a negative P/E ratio of -8.75, indicating a lack of profitability. The price-to-sales ratio is 0.87, and the enterprise value to sales ratio is 0.84, suggesting a low valuation. The current ratio of 0.57 raises liquidity concerns, as the company may struggle to cover its current liabilities.
