The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Hey. Good afternoon, guys. Thanks for taking my questions. Bradley, I want to ask about the $1.7 million, to establish the self-insurance reserve.
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Okay. And you guys did not add that back into your adjusted EBITDA number, right? So I think that adjusted EBITDA is a little north of $17 million?
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Okay.
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Okay. I appreciate that. And Eric, the club you acquired in Detroit, can you talk about whether or not there's any opportunity there to maybe improve
the EBITDA margins there? I know you said $2 million this year. But I'm curious if that could move a little higher over time.
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Great. I appreciate that. And then on the Bombshells that closed, are there any residual cash outlays that you guys are responsible for on those --
was it five locations that you shut down?
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: I appreciate the clarification there. And then last one for me, if you could just kind of speak broadly to the operating environment, especially on
the club side, what you're seeing and what is kind of in store here, the first part of 2025?
Question: Scott Buck - H.C. Wainwright & Co. - Analyst
: Great. Well, I appreciate the time, guys. Thank you very much.
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