By Sabela Ojea
Shares of Inspirato Inc. on Monday climbed 5.2% in after-hours trading after the subscription-based luxury travel company posted a significantly narrowed pretax loss for the third quarter and better-than-expected revenue.
Shares were trading at $1.41 after closing down 5% at $1.34. For the year, shares are down about 87%.
The company said its net loss narrowed to $3.11 million, or 6 cents a share, compared with a loss of $9.12 million, or 9 cents a share, a year earlier.
Revenue increased 44% to $93.1 million. Analysts surveyed by FactSet had forecast revenue of $91.4 million.
The company also cut its revenue guidance for the year to $340 million from a prior outlook in the range of $350 million to $360 million to reflect lower-than-expected total occupancy and a reduced pace of new pass subscription sales in the fourth quarter.
Write to Sabela Ojea at [email protected]