Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Vacasa (NASDAQ: VCSA) Releases Second Quarter 2022 Financial Results Showing 31% Revenue Growth, Raises Full-Year 2022 Guidance After Strong Results

Vacasa, Inc. (NASDAQ: VCSA) operates a vacation rental management platform in North America. The company’s platform has over 35,000 homes across 400 locations in North America, Belize and Costa Rica. Shares of vacation rental management company are surging 37% through early trading on Thursday, August 11, 2022. Over the past three months, Vacasa has seen average daily volume of 1.49 million shares. However, volume of 15.33 million shares or dollar volume of around $64.69 million, has already exchanged hands through early trading.

Shares of Vacasa are rallying after the company released second quarter 2022 financial results. During the quarter, the company reported 31% y/y revenue growth to $310 million, which came ahead of management’s revenue guidance range of $280 million and $290 million. Gross booking value came in at $676 million, which was annual growth of 32%. Net income came in at $10 million and adjusted EBITDA was -$2 million.

As a result of the strong growth during Q2, management has raised its revenue and adjusted EBITDA guidance for the third quarter and full-year 2022. For Q3, Vacasa estimates revenue between $385 million and $395 million on adjusted EBITDA between $55 million and $60 million. For full-year 2022, the vacation rental manager sees revenue coming in between $1.165 billion and $1.185 billion on an adjusted EBITDA range of -$7 million to $0 million.

Vacasa says it added thousands of new homes to its platform during the quarter. Management says they are well on track to increase its homes under management by 30% during 2022. In addition, the company released several new enterprise technology solutions, such as a new customer relationship management platform and an integrated communications platform.

“We experienced strong guest demand during the second quarter and July that has continued into August, capping off another strong peak season for our homeowners,” said Matt Roberts, Chief Executive Officer of Vacasa. “We also welcomed thousands of new homeowners to Vacasa during the quarter, extending our industry-leading scale. We believe Vacasa’s technology-enabled local operations, our proprietary yield optimization, and commitment to hospitality creates a truly differentiated value proposition for homeowners, making us the vacation rental manager of choice in the destinations where we operate.”

Disclosure: No position. Spotlight Growth has no relationships with any of the companies mentioned in this article and did not receive payment in any form for its creation. This is an opinion article and is not meant to be financial advise. We are not broker-dealers or investment professionals. Please conduct your own due diligence. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Vacasa (NASDAQ: VCSA) Releases Second Quarter 2022 Financial Results Showing 31% Revenue Growth, Raises Full-Year 2022 Guidance After Strong Results appeared first on Spotlight Growth.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.