Sector: Financials | Industry: Investment Management & Fund Operators |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 14185 Dallas Pkwy Ste 1100 DALLAS TX 75254-4308 |
Tel: | N/A |
Website: | https://www.ashfordinc.com |
IR: | See website |
Key People | ||
Monty J. Bennett Chairman of the Board, Chief Executive Officer | Deric S. Eubanks Chief Financial Officer, Treasurer | Alex Rose Executive Vice President, General Counsel, Secretary |
Justin Coe Chief Accounting Officer | J. Robison Hays Senior Managing Director |
Business Overview |
Ashford Inc. is an alternative asset management company, which provides products and services primarily to clients in the real estate and hospitality industries. The Company's Advisory segment provides asset management and advisory services to other entities. Its Remington segment provides hotel management services. Its Premier segment provides design, development, architectural, and project management services. Its INSPIRE segment provides event technology and creative communications solutions services. Its OpenKey segment offers hospitality focused mobile key platform that provides a universal smartphone app for keyless entry into hotel guest rooms. Its RED segment is a provider of watersports activities and other travel and transportation services. It also provides wholesaler, dealer manager and other broker-dealer services. It conducts these activities and own substantially all of its assets through Ashford LLC, Ashford Services, Warwick and their respective subsidiaries. |
Financial Overview |
For the three months ended 31 March 2024, Ashford Inc revenues increased 13% to $209.1M. Net loss applicable to common stockholders decreased 2% to $7.6M. Revenues reflect Remington segment increase of 12% to $113.8M, INSPIRE segment increase of 11% to $45M, United States segment increase of 18% to $31.6M, Dominican Republic segment increase of 12% to $3M. |
Employees: | 105 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $585.20M as of Mar 31, 2024 |
Annual revenue (TTM): | $770.81M as of Mar 31, 2024 |
EBITDA (TTM): | $47.54M as of Mar 31, 2024 |
Net annual income (TTM): | -$40.70M as of Mar 31, 2024 |
Free cash flow (TTM): | -$35.15M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $90.63M as of Mar 31, 2024 |
Shares outstanding: | 3,430,500 as of May 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |