DSHK
Golf Entertainment Group Inc.15.00
-0.20-1.32%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.99BP/E (TTM)
-Basic EPS (TTM)
-32.00Dividend Yield
0%Recent Filings
8-K
Drive Shack to delist from NYSE
Drive Shack Inc. notified the NYSE on December 13, 2022, of its plan to voluntarily delist its securities, with delisting effective around January 3, 2023, followed by deregistration under the Exchange Act. The move targets cost savings from reduced public company burdens, as low trading volume hampers liquidity and capital access despite full compliance expenses. Management will refocus on operations and long-term growth. No liquidity is assured on the planned OTCQX shift.
10-Q
Q3 FY2022 results
Drive Shack's Q3 revenue climbed 16.1% year-over-year to $88.7M, fueled by 13.8% growth in golf operations to $70.9M and 26.2% in food and beverage sales to $17.8M, with entertainment venues adding $5.4M from new Puttery openings in Texas and D.C. Traditional golf contributed steadily, up 10.3% to $71.8M, yet operating loss narrowed just 12.3% to $5.2M amid $1.3M impairments on Philadelphia Puttery and Dyker Beach assets. Year-to-date, revenue rose 15.6% to $244.3M, but operating loss widened to $29.9M due to $16.4M in impairments, including $11.3M on stalled New Orleans construction. Cash dwindled to $11.7M from $58.3M, with operating cash flow at $11.9M; finance leases total $11.6M and junior notes $51.2M at LIBOR+2.25%. Non-GAAP metrics not disclosed in the 10-Q. Going concern doubts loom from tight liquidity. Entertainment golf faces expansion risks amid rising rates.
8-K
Q3 revenue surges 16%
Drive Shack Inc. reported third-quarter 2022 revenue of $88.7 million, up 16% from $76.4 million last year, fueled by surging event sales at American Golf (up 51% to $9.0 million) and new Puttery venues generating $6.6 million. While Drive Shack venues dipped slightly due to weather, overall Adjusted EBITDA climbed to $7.0 million from $3.4 million, signaling robust demand in entertainment golf. Puttery expansion accelerates, with Chicago opening November 4 and five more venues slated for 2023. Cash dipped to $11.7 million amid venue investments.
8-K
NYSE compliance restored
Drive Shack Inc. received NYSE notice on November 15, 2022, for failing to file its Q3 10-Q by the extended deadline, breaching continued listing rules. The company swiftly filed the report on November 21, 2022, regaining compliance. This quick fix averts delisting risks. No further impacts disclosed.
8-K
NYSE compliance warning issued
Drive Shack Inc. received NYSE notice on October 5, 2022, for failing the $1.00 minimum average closing price over 30 trading days, triggering a six-month cure period to regain compliance. The stock stays listed under 'DS' but adds '.BC' designation, with no impact on debt or leases. Company plans to notify NYSE by October 19 of intent to cure. Delisting looms if unsuccessful.
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