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LuxUrban Issues Corporate update and 2025 Revenue Guidance of $62–$67 million
Wed 15 Jan 25, 01:02 PMLuxUrban Hotels Inc. (NASDAQ:LUXH) Q4 2023 Earnings Call Transcript
Wed 17 Apr 24, 12:39 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | -9390.35300M | -2.23338M | -4.61573M | -0.47760M |
| Minority interest | - | - | - | - |
| Net income | -15324.51500M | -2.10633M | -4.61573M | -0.47760M |
| Selling general administrative | 6794.11M | 2.84M | 1.11M | 0.83M |
| Selling and marketing expenses | - | - | - | - |
| Gross profit | 12375.35M | 2.11M | -2.95878M | 0.72M |
| Reconciled depreciation | 0.00867M | - | - | - |
| Ebit | -3.45619M | -0.73388M | -4.06602M | -0.10420M |
| Ebitda | -3456.19100M | -0.60682M | -4.03796M | -0.10357M |
| Depreciation and amortization | 1.94M | 0.13M | 0.03M | 0.00063M |
| Non operating income net other | - | - | - | - |
| Operating income | -3456.19100M | -0.73388M | -4.06602M | -0.10420M |
| Other operating expenses | 47281.61M | 22.11M | 12.34M | 5.54M |
| Interest expense | 5934.16M | 1.63M | 0.58M | 0.37M |
| Tax provision | 0.00000M | - | - | - |
| Interest income | - | - | - | - |
| Net interest income | -7.51827M | -1.62657M | -0.57777M | -0.37403M |
| Extraordinary items | - | - | - | - |
| Non recurring | - | - | - | - |
| Other items | - | - | - | - |
| Income tax expense | 5934.16M | -0.12706M | 0.58M | 0.37M |
| Total revenue | 43825.42M | 21.38M | 8.27M | 5.43M |
| Total operating expenses | 15831.54M | 2.84M | 1.11M | 0.83M |
| Cost of revenue | 31450.08M | 19.27M | 11.23M | 4.71M |
| Total other income expense net | -5934.16200M | -1.49951M | -0.54970M | -0.37340M |
| Discontinued operations | - | - | - | - |
| Net income from continuing ops | -9.39035M | -2.23338M | -4.61573M | -0.47760M |
| Net income applicable to common shares | - | -2.23338M | -4.61573M | -0.47760M |
| Preferred stock and other adjustments | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 283.29M | 107963.02M | 3.77M | 0.49M | 0.35M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 7.12M | 10471.19M | 0.50M | 0.49M | 0.33M |
| Total liab | 286.79M | 111255.15M | 14.98M | 8.29M | 2.45M |
| Total stockholder equity | -3.49736M | -3292.12400M | -11.21405M | -7.79567M | -2.10693M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 0.79M | 10740.43M | 4.21M | 3.77M | 0.50M |
| Common stock | 0.00039M | 0.28M | -11.21405M | -7.79567M | -2.10693M |
| Capital stock | 0.00039M | 0.00028M | - | - | - |
| Retained earnings | -99.71050M | -21018.99200M | - | - | - |
| Other liab | - | - | 0.54M | 0.21M | 0.19M |
| Good will | - | - | - | - | - |
| Other assets | - | - | 2.48M | 0.43M | - |
| Cash | 0.75M | 1076.40M | 0.00700M | 0.00051M | 0.02M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 33.13M | 25439.61M | 9.52M | 5.92M | 1.66M |
| Current deferred revenue | 4.40M | 2.57M | 1.82M | 0.86M | 0.62M |
| Net debt | 247.95M | 95249.12M | 8.41M | 3.45M | 1.14M |
| Short term debt | 4.75M | 14699.18M | 3.49M | 1.29M | 0.54M |
| Short long term debt | 2.77M | 10.41M | 3.49M | 1.29M | 0.54M |
| Short long term debt total | 248.70M | 96325.52M | 8.42M | 3.45M | 1.15M |
| Other stockholder equity | 5866.03M | 17726.59M | -11.21405M | -7.79567M | -2.10693M |
| Property plant equipment | - | - | 0.01M | - | - |
| Total current assets | 19.72M | 11547.59M | 0.51M | 0.49M | 0.35M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | -3.29212M | -11.21405M | -7.79567M | -2.10693M |
| Short term investments | 0.00000M | 2.66M | - | - | - |
| Net receivables | 11.85M | - | - | - | - |
| Long term debt | 1.46M | 4.19M | 4.93M | 2.16M | 0.61M |
| Inventory | - | - | - | - | - |
| Accounts payable | 23.18M | 6.25M | 4.21M | 3.77M | 0.34M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -5775.59600M | - | - | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 21.27M | 13090.35M | 3.25M | - | - |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 263.57M | 96415.43M | 3.26M | 0.00000M | 0.00000M |
| Capital lease obligations | 249.01M | 85.92M | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -2.85313M | -0.01150M | - | - |
| Change to liabilities | 0.00000M | 1.72M | 3.54M | 0.91M |
| Total cashflows from investing activities | - | -0.01150M | -0.01150M | -0.01150M |
| Net borrowings | - | 4.97M | 2.29M | 0.57M |
| Total cash from financing activities | 22.21M | 3.79M | 1.22M | -0.34779M |
| Change to operating activities | - | -2.15694M | -0.16086M | -0.06464M |
| Net income | -2233.38400M | -2.23338M | -4.61573M | -0.47760M |
| Change in cash | -1908.27000M | 1.11M | -0.01453M | 0.02M |
| Begin period cash flow | 1.11M | 0.00051M | 0.02M | 0.00000M |
| End period cash flow | -1908.27000M | 1.11M | 0.00051M | 0.02M |
| Total cash from operating activities | -1908.27000M | -2.66736M | -1.23629M | 0.36M |
| Issuance of capital stock | 10.48M | - | - | - |
| Depreciation | 325.11M | - | - | - |
| Other cashflows from investing activities | - | - | - | - |
| Dividends paid | 0.00000M | 1.26M | 1.57M | 1.08M |
| Change to inventory | - | - | - | - |
| Change to account receivables | - | - | - | - |
| Sale purchase of stock | - | - | - | - |
| Other cashflows from financing activities | 11.73M | 5.04M | 2.80M | 0.78M |
| Change to netincome | - | - | - | - |
| Capital expenditures | 0.19M | 0.01M | 0.01M | 0.01M |
| Change receivables | - | - | - | - |
| Cash flows other operating | - | - | - | - |
| Exchange rate changes | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - |
| Change in working capital | -17.57342M | -0.43397M | 3.38M | 0.84M |
| Stock based compensation | 2.55M | - | - | - |
| Other non cash items | 1908.27M | - | - | - |
| Free cash flow | -1908.27000M | -2.67885M | -1.23629M | 0.36M |
Sector: Consumer Cyclical Industry: Lodging
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LUXH LuxUrban Hotels Inc. |
- -% | - | - | - | 0.38 | 1.73 | 2.81 | -12.0145 |
| MAR Marriott International Inc |
1.59 0.40% | 396.20 | 24.44 | 26.74 | 11.49 | 47.45 | 3.58 | 20.09 |
| HLT Hilton Worldwide Holdings Inc |
-0.46 0.13% | 348.84 | 36.13 | 25.58 | 10.57 | - | 5.42 | 22.43 |
| H Hyatt Hotels Corporation |
- -% | 202.09 | - | 44.25 | 4.65 | 4.88 | 2.82 | 26.42 |
| IHG InterContinental Hotels Group PLC ADR |
0.36 0.21% | 171.02 | 25.76 | 21.64 | 4.36 | - | 3.93 | 16.30 |
LuxUrban Hotels Inc. engages in the leasing of entire existing hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc. and changed its name to LuxUrban Hotels Inc. in November 2022. LuxUrban Hotels Inc. was incorporated in 2017 and is headquartered in Miami, Florida.
2125 Biscayne Boulevard, Miami, FL, United States, 33137
| Name | Title | Year Born |
|---|---|---|
| Mr. Brian Ferdinand | CEO & Chairman | 1977 |
| Mr. Jimmie Chatmon | Exec. VP , COO & Exec. Director | 1994 |
| Mr. Karl Rothman | Chief Accounting Officer | 1967 |
| Mr. Shanoop Kothari | CFO & Pres | 1972 |
| Mr. Kevin J. Mikolashek | Chief Legal & Compliance Officer | 1971 |
| Mr. Edward Rogers | Head of Property Acquisitions & Partner | NA |
| Mr. Brian Ferdinand | Co-Founder & Executive Chairman | 1977 |
| Mr. Shanoop Kothari | CEO & Acting CFO | 1972 |
| Mr. Robert Arigo | Chief Operating Officer | NA |
| Brandon Elster | Chief Development Officer | NA |
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