AirSculpt Technologies, Inc. (NASDAQ:AIRS) Q4 2023 Results Conference Call February 27, 2024 8:30 AM ET
Company Participants
Dennis Dean - Chief Financial Officer
Aaron Rollins - Founder and Executive Chairman
Todd Magazine - Chief Executive Officer
Conference Call Participants
Josh Raskin - Nephron Research
John Ransom - Raymond James
Operator
Greetings, and welcome to the AirSculpt Technologies Fourth Quarter and Full Year 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Dennis Dean, Chief Financial Officer. You may begin.
Dennis Dean
Good morning, everyone, and thanks for joining us to discuss AirSculpt Technologies results for the fourth quarter.
Joining me on the call today is the company's Founder and Executive Chairman, Dr. Aaron Rollins; and Chief Executive Officer, Todd Magazine.
Before we begin, I would like to remind you that this conference call may include forward-looking statements. These statements may include our future expectations regarding financial results and guidance, market opportunities and our growth.
Risks and uncertainties that may impact these statements and could cause actual future results to differ materially from currently projected results are described in this morning's press release and the reports we will file with the SEC. All of which can be found on our website at investors.elitebodysculpture.com.
We undertake no obligation to revise or update any forward-looking statements or information except as required by law. During our call today, we will also reference certain non-GAAP financial measures. We use non-GAAP measures in some of our financial discussions as we believe they more accurately represent the true operational performance and underlying results of our business. A reconciliation of these measures can be found in our earnings release as filed this morning and in our most recent 10-K when filed, which will also be available on our website.
With that, I'll turn the call over to Aaron.
Aaron Rollins
Thank you, Dennis. Good morning to everyone, and thank you for joining the call.
I'm very pleased with our fourth quarter results and our achievement of consistent double-digit growth in both revenue and adjusted EBITDA. We remain focused on reestablishing our same-store growth trajectory, improving operating margins and making prudent investments that build upon our solid foundation as well as drive long-term success of the overall business.
In addition to increasing our revenue and adjusted EBITDA, the year included several noteworthy accomplishments. We generated strong free cash flow, which allowed us to pay down debt. We opened five new centers, marking the highest number of openings in the history of the company. We invested in brand building activities that drove 30% growth in brand awareness, we expanded our product and service offerings by adding AirSculpt Lift, a facial fat transfer procedure.