Ashford Inc (A:AINC)

Business Focus: Investment Management & Fund Operators

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
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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

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