Town Sports International Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2018; Reports Impairment Charges for the Third Quarter Ended September 30, 2018
October 25, 2018 at 04:01 pm EDT
Town Sports International Holdings, Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2018. For the quarter, the company reported total revenues of $110,173,000 against $98,641,000 a year ago. Operating loss was $12,000 against $6,269,000 a year ago. Loss before provision for corporate income taxes was $3,380,000 against $9,348,000 a year ago. Net loss was $3,942,000 against $13,276,000 a year ago. Net loss attributable to company was $3,946,000 against $13,276,000 a year ago. Net loss per share basic and diluted was $0.15 against $0.53 a year ago. EBITDA was $9,255,000 against $3,682,000 a year ago. Adjusted EBITDA was $12,061,000 against $11,043,000 a year ago.
For the quarter, the company reported impairment of fixed assets of $2,082,000 against $6,497,000 a year ago.