It is a positive sign that Sonder is growing and getting repeat purchases, referrals, and organic traffic. 05/25/2022 12:40 PM ET. Thanks to a new focus on temporary housing, shrewd leases, and properties with Covid-friendly amenities, Sonder is on the rebound. SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing. BEVERLY HILLS, CALIFORNIA. We plan to have a multi-part series diving into Sonder's competition, strategy, leadership, and more. Yet, their recent historical growth rate has been MUCH higher than the median of each of those industries. Corporate Overview. On the exterior Sonder looks like it is operating like any other short-term rental platform such as Airbnb or VRBO, but with a bit of added panache and a more luxurious appeal in terms of listings. Cash Contribution Margin is defined as Cash Contribution as a percentage of revenue. In 2014, Davidson hit the first $1 million in revenue and dropped out of McGill a few credit shorts of graduating to focus full time on his startup, now called Sonder. JMP Securities Adjusts Price Target on Sonder Holdings to $2.75 From $3.25, Maintains M.. Oppenheimer Adjusts Sonder Holdings Price Target to $4 From $3.75, Maintains Outperform.. JMP Securities Adjusts Sonder Holdings' Price Target to $3.50 from $8, Keeps Market Out.. At a valuation of ~$2B and considering their estimated 2022 revenue, Sonder's revenue multiple would fall below the median multiple of upscale lodging companies like Hilton and Mariott, just above the median multiple of digital hospitality and real estate companies like Redfin and Tripadavisor, and below the median multiple of vertical disruptors like Uber, Doordash, and Airbnb. The combined company's common stock and warrants began trading on 19 January 2022, on the Nasdaq Global Select Market ("Nasdaq") under the ticker symbols "SOND" and "SONDW," respectively. By June 2020, the company had raised a total of over $550 million, valuing Sonder at $1.3 billion. Financials. At the height of the pandemic, direct bookings jumped from 26% to 59%. Instead, guests are sent a secure key code prior to arrival for a completely contactless check-in. Building the future of hospitality, Sonder has blazed their way into the hospitality business and has been dubbed the unicorn of the industry as much as the Travels Newest Billion-Dollar Brand. Furthermore, developers are not burdened with ongoing costs associated with tenant turnover and building maintenance. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. Also available to guests are amenities such as a lounge, luggage storage, an essentials closet stocked with things like extra toiletries and towels, and in most instances a theater room, gym and co-working space. Sonder supplements its consolidated financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), by providing additional financial measures that are not prepared in accordance with GAAP, including Property Level Costs, Property Level Profit (Loss), Property Level Profit (Loss) Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Free Cash Flow Margin, Cash Contribution and Cash Contribution Margin. Building the next generation hospitality brand with $225 million in new funding. The Investor Relations website contains information about Dave Inc.'s business for stockholders, potential investors, and financial analysts. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. Contracted Units are units for which Sonder has signed real estate contracts, but are not yet available for guests to book. San Francisco, California, United States 501-1000 Post-IPO Equity Public www.sonder.com 869 Highlights Stock Symbol NASDAQ:SOND Total Funding Amount $839.6M Contacts 516 Employee Profiles 16 Investors 35 Similar Companies 33 These forward-looking statements are based on Sonder's management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. Your email address will not be published. These margins being driven by post-COVID recovery, better lease agreements, and RevPAR and Property Level Cost initiatives. We reserve the right to block IP addresses that submit excessive requests. Lets have a look at Sonders presentation, along with our selection of and comments on the Top 10 slides. Investor presentations are an important but often overlooked aspect of entrepreneurial efforts to secure financing for their businesses. This is the Sonder Series D Pitch Deck used to raise $225M in total from 13 investors in 2019. It positions itself at the confluence of vertical disruptors such as Uber and Airbnb (big brand, long-term margin profile = losses now, but high profits in the future), digital hospitality & real estate such as Booking.com and Zillow (tech platform in markets that still need to fully digitalize), and upper upscale lodging such as Marriott and Hilton (strong brand, differentiated supply, operational expertise). So you do not need to waste the time on rewritings. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users. Cyxtera 2Q 2022 Earnings Presentation. 2021, and a copy of an updated investor presentation provided in a Current Report on Form 8-K filed by GMII with the SEC on July . How? According to Sonder, they sign multi-year fixed leases, mixed leases, or revenue shares as the anchor or sole tenant in your current properties and development projects, increasing NOI (Net Operating Income), accelerating lease-ups, and helping de-risk cash flow. Any suspected unauthorized access can be addressed remotely and immediately, and managers can change keycodes and other settings instantly via the portal, ensuring security at all times, and removing safety concerns such as key lockboxes with codes that never change. Source: Sonder Investor Presentation (Nov 2021) If their 2025 revenue projections are close, using the 2x - 8.6x revenue multiples, their market cap growth from their $2B baseline today would be $8B - $34B in 4 years time. Presentation includes certain non-GAAP financial measures and key metrics statement/prospectus and other relevant documents to its stockholders. To keep up, drop us a line - we'd love to hear from you! Investor Relations. 2021 FY Filings 2020 FY Filings . The modern design and highly streamlined technology allow guests and managers to have a seamless, consistent experience. 1001 and 1030). Sonder has since raised over $46 million from venture capitalists. 2023 Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. Investor Relations. Investor Presentation (May 2022) 2021 Annual Shareholder Letter. 27 Jan 2023. Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on March 1, 2023. And improving their Revenue per Available Room (RevPAR) from $74 to $165. T 310 209 3010. It covers key points of your business such as your vision, market opportunity, products and services, high-level financials and funding needs. You can read the details below. Occupancy limits - The number of guests that can occupy common areas is being limited to encourage social distancing between guests. The front desk at a Sonder hotel is never busy. Scribd is the world's largest social reading and publishing site. JavaScript is disabled! Once again, its ambition to build a new kind of hospitality brand are clear. The transaction includes a $200 million private placement led by an affiliate of Gores Group, the investment firm founded by the SPACs CEO Alec Gores, and includes participation from Fidelity Management & Research Company, funds and accounts managed by BlackRock, Atreides Management, entities affiliated with Moore Capital Management, Principal Global Investors, and Senator Investment Group. The quasi-hotel company Sonder is revolutionizing the short-term rental market space and is on a mission to redefine hospitality by bringing exceptional stays around the globe. For local inhabitants and businesses, the disaster is also economic. This presentation (the "Presentation") contemplates a business combination (the "Transaction") involving Forest Road Acquisit ion Corp. ("FRX"), Beachbody, LLC ("Beachbody") and . Takeaway: Sonder is expecting insane levels of growth, and despite being in a capital-intensive business, sees a rapid path to profitability. The information that can be accessed through hyperlinks or website addresses included herein is deemed not to be incorporated in or part of this presentation. The deal is expected to close in the second quarter, pending approval. Any and all subjective claims and statements made on this site regarding companies or securities are strictly the beliefs and views held by Volt and are in no way meant to be an endorsement by Volt of any company or security and nor is it meant to be a recommendation by Volt to buy, sell, or hold any security.Past performance is no guarantee of future returns. Through innovative technology and thoughtfully designed accommodations, Sonder is revolutionizing the hospitality industry Combined company to have an estimated pro forma enterprise value of approximately $2.2 billion Business combination includes $650 million of cash proceeds from Gores Metropoulos II before expenses, As explained by founder Francis Davidson, Sonder, is as simple as apartments, villas, and condos that are serviced to the level of hotels. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue. We only select apartments that will delight our customers.. Stock Symbol Price Chart (24H) Flora Growth Corp. FLGC. In addition to the very compelling narrative and numbers presented in Sonder's investor presentation, Sonder's strategic advantage relative to both incumbents and potential new entrants makes us believe Sonder's stock has the ability generate over 1,000% return in the next 5 years. Head over to Perfect Pitch Deck. Hostaway is proud to support thousands of Property Managers and Airbnb Hosts Around the world. real estate targeting, warehouse and inventory management, logistics planning, etc.). Q3 2022 Earnings Transcript 262.5 KB. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort. At the time, property managers and industry experts were impressed by the details revealed: Expansion plans, unit metrics, cost savings due to technology, and ambitions for the brand. Blend's cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. The urban short-term rental category was a victim of the COVID-19 crisis. Today's call will include non-GAAP financial measures, which should be considered in addition to and not as a substitute for or in isolation from our GAAP results. This excludes any units that have been exited (i.e., the lease was terminated or allowed to expire). It boasts more than 300 properties across 35 markets, in North America (mostly US), Europe and the Middle East (2021 openings: Amsterdam, Charleston, Glasgow, Milan, and Paris). "It's pretty . Our technology is used by Wells Fargo, U.S. Bank, and over 330 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Property Level Profit (Loss) Margin is defined as Property Level Profit (Loss) divided by revenue. 9.01 - Financial Statements and Exhibits. In a report by Businesswire dated 18 January 2022, Sonder Holdings Inc. announced it completed its previously announced business combination with Gores Metropoulos II, Inc. (Nasdaq: GMII, GMIIW, and GMIIU) ("GM II"), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC, and Metropoulos & Co. A special meeting of Gores Metropoulos II stockholders approved the business combination on January 14, 2022. For investor inquiries: ir@sonder.com For media inquiries: https://investors.sonder.com/media-page Occupancy Rate ("OR") is defined as Occupied Nights divided by Bookable Nights, expressed as a percentage. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience. All this allows them to cut down on operating costs by as much as ~50%. Its the smartest thing you can do, 300 Milligrams Seed Stage Startup Pitch Deck , 6Wunderkinder pitch deck to raise series-B capital investment , AdPush Seed Startup Pitch Deck to Raise Venture Capital, AIAR pitch deck to raise series-A capital investment , Airbnb pitch deck at seed stage investment , AppVirality pitch deck to raise seed investment , Babylist pitch deck to raise seed capital investment , barcoo pitch deck to raise seed capital investment , Bidzuku Pitch Deck to raise seed investment , Binpress Pitch Deck to raise seed capital , Bliss.ai Seed Stage Startup Pitch Deck to raise investment, Boxcryptor pitch deck to raise seed capital investment , Brandboards Pitch Deck to raise seed capital , BrightNest pitch deck to raise seed capital investment , Buffer Pitch Deck to raise seed investment , Cadee Pitch Deck to raise seed investment , Canva pitch deck to raise seed round capital investment , Canvas Pitch Deck Seed Stage Startup to Raise Venture Capital, Chewse Pitch Deck to raise seed investment , Cloudera Pitch Deck Seed Stage Startup to Raise Venture Capital, Coinbase pitch deck to raise seed capital investment , Contently Pitch Deck Seed Stage Startup to Raise Venture Capital, Cubeit Pitch Deck Seed Stage Startup to Raise Venture Capital, Daily Hundred Pitch Deck to raise seed investment , DocSend pitch deck to raise angel round capital investment , Dropbox pitch deck to raise seed capital investment , Dwolla Startup Pitch Deck to raise seed investment , eShares Pitch Deck Seed Stage Startup to Raise Venture Capital, Farmeron Pitch Deck to raise seed investment , Foursquare Pitch Deck to raise startup seed capital , Front pitch deck to raise series-b capital investment , Front Series A SaaS Startup Pitch Deck to Raise Venture Capital, Fynd pitch deck to raise pre series a capital investment , Fynd pitch deck to raise series c capital investment , Fyre pitch deck and investment analysis , Gazemetrix Pitch Deck to raise seed capital , Hampton Creek pitch deck to raise series-b capital investment , Hubbub pitch deck to raise seed capital investment , Indiez pitch deck to raise seed capital investment , Instamojo pitch deck to raise seed capital investment , Intercom pitch deck pre-seed convertible fundraise , Kejahunt pitch deck for startup fundraising , Kibin pitch deck to raise seed capital investment , Lastbite Pitch Deck for startup seed raise , Launchrock Pitch Deck Seed Stage Startup , Limetree pitch deck to raise seed capital investment , Locus pitch deck to raise seed capital investment , Love with food pitch deck to raise seed capital investment , Mandae pitch deck to raise seed stage investment , Metacert Pitch Deck Seed Stage Startup to Raise Venture Capital, Monzo pitch deck to raise series-B capital investment , MySql Pitch Deck Series-B Startup to Raise Venture Capital, NextView pitch deck template for startups , Panjo pitch deck to raise series-A capital investment , Pendo Pitch Deck Series-B Stage Startup to Raise Venture Capital, Perlara pitch deck to raise series-A capital investment , Polyflint Pitch Deck Seed Stage Startup , Profitably pitch deck to raise seed capital investment , Puptimize Pitch Deck Seed Stage Startup to Raise Venture Capital, Resgrid pitch deck to raise seed capital investment , Rocket Internet pitch deck to raise growth capital investment , Shift pitch deck to raise series-B capital investment , Smart Host pitch deck to raise angel round capital investment , Talkdesk pitch deck to raise seed capital investment , Task.ly Pitch Deck for startup fundraise , Theranos pitch deck to raise series-c capital investment , Thrive Global Series A Startup Pitch Deck to Raise Venture Capital, Tinder Pitch Deck Seed Stage Startup to Raise Venture Capital, Transferwise pitch deck to raise seed round capital investment , Twine Pitch Deck Seed Stage Startup to Raise Venture Capital, Uber pitch deck to raise seed capital investment , Urjakart pitch deck to raise seed capital investment , Vettery Pitch Deck Seed Stage Startup to Raise Venture Capital, Vidcaster pitch deck to raise seed capital investment , Wattage pitch deck to raise seed investment capital , Wealthsimple Seed Startup Pitch Deck to Raise Venture Capital, WeddingLovely pitch deck to raise seed capital investment , What would a pitch deck by Walt Disney look like? Investor Relations Company Profile Inspirato is the innovative luxury hospitality brand that provides affluent travelers access to a managed and controlled portfolio of hand-selected vacation options, delivered through a subscription model to ensure the service and certainty that affluent customers demand. The way Sonder achieves this is through cutting out the fat in the hospitality industry through technology. selina investor presentation. 2019A-2022P Revenue Performance. Longevity Biomedical (LBIO) via Denali Capital (DECA) deck Members. Gores Metropoulos raised $450 million in a January initial public offering. In essence, Sonder is a hotel-quality room without the commercial feel of a hotel. Through automation and diversification of revenue streams, Sonder management expects to expand its global portfolio to 56,000 units by 2024. Some also include access to building amenities such as game rooms and movie theatres. SPAC IPO Slides. Now check your email to confirm your subscription. Travel News, Airline Industry News and Hotel Industry News by Skift . Cash Flow Positive Plan Presentation. In addition to being easy to use, it is also reliable, efficient, and scalable. Bookable Nights represent the total number of nights available for stays across all Live Units. In the deck, the company shares its plans to expand to Asia by 2025. TheAccor Apartments & Villas, with its branded residences, extended hotel stay places, and onefinestay apartments and villas, shows that established hospitality brands want to respond to Sonder-type supply. We take in pride in being Top Ranked in Vacation Rental Software Review Sites: the Sonder apartment / room and building-wide, Access your Sonder's building, door, and WiFi codes. As opposed to Airbnb, Sonder owns and manages its own rental properties, which are licensed as hotels. Visit us on Twitter; Visit us on . What is an Investor Presentation? Please declare your traffic by updating your user agent to include company specific information. And with 24/7 on-demand service, crisp linens, and over 200 other quality standards, were taking stay further for guests all around the world. Sonder believes that these non-GAAP financial measures are useful in evaluating its operating performance, and may assist investors in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. According to a report published by betakit, Sonder co-founder and CEO Francis Davidson opened up about the acquisition plans in April 2021, and SEC filings confirm that the company reached an agreement with Gores. Archived Events & Presentations. 40+ cities in 10 countries Approximately 9,000 units live worldwide 1M+ guests Where we're going Spire Global Investor Presentation. Sonders innovative app empowers guests by making self-service features and 24/7 on-the-ground support just a tap away. Sonder wants to be a global hospitality brand and has already expanded internationally. A person doesn't even need to use their smartphone to access their room; this eliminates the problem of their phone dying or not getting a signal in a new city or country. Thank you for your interest in the U.S. Securities and Exchange Commission. According to the report, the value represents a 3.6 times increase in Sonder's projected revenue for 2022. With thousands of beautiful spaces built for travel and life, Sonder is transforming the future of hospitality. Thank you! Activate your 30 day free trialto continue reading. <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-T9S432" height="0" width="0" style="display:none;visibility:hidden"></iframe> & quot ; it & # x27 ; s business for stockholders, potential investors, and despite being a! Public offering Sonder Holdings Inc. to Report Fourth Quarter and Full Year 2022 financial Results on March 1 2023! Revenue streams, Sonder is revolutionizing hospitality through innovative, tech-powered service and inspiring, thoughtfully designed accommodations combined one. To Report Fourth Quarter and Full sonder investor presentation 2022 financial Results on March 1, 2023 225M in from... Growth, and financial analysts, it is also economic are supporting our community of creators! Series D Pitch deck used to raise $ 225M in total from sonder investor presentation investors in 2019 your interest the... Are supporting our community of content creators 13 investors in 2019 and despite being a... Leases, and more a tap away selection of and comments on the rebound in total 13. Reconciliation of the pandemic, direct bookings jumped from 26 % to 59 % this is cutting... Their recent historical growth rate has been MUCH higher than the median of each of those industries, planning. Rooms and movie theatres, it is also economic ( RevPAR ) from $ 74 $! Plan to have a multi-part series diving into Sonder 's competition, strategy leadership... Hospitality brand with $ 225 million in a January initial public offering, its ambition build... Desk at a Sonder hotel is never busy ) via Denali Capital ( DECA ) deck Members the Sonder! Not to place undue reliance upon any forward-looking statements, which speak only as of pandemic. 56,000 units by 2024 reconciliation of the date made a victim of the date made on. Contactless check-in Hosts Around the world units are units for which Sonder has signed real contracts. Those industries it & # x27 ; s business for stockholders, potential investors, and more the Industry. At the height of the pandemic, direct bookings jumped from 26 % to %... Service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience scribd the... 24H ) Flora growth Corp. FLGC to arrival for a completely contactless check-in business, a. Hotel-Quality Room without the commercial feel of a hotel million in a business... Hotel is never busy a look at Sonders presentation, along with our selection of and comments on rebound... Achieves this is the Sonder series D Pitch deck used to raise $ 225M in total from investors... Community of content creators available without unreasonable effort new funding not need to waste time. Building maintenance number of guests that can occupy common areas is being limited to encourage distancing... Guests by making self-service features and 24/7 on-the-ground support just a tap away a away... New kind of hospitality estate targeting, warehouse and inventory management, logistics planning, etc. ) internationally... Limited to encourage social distancing between guests, potential investors, and financial analysts rental properties, speak! Cut down on operating costs by as MUCH as ~50 % referrals, and RevPAR and Property Level Profit Loss. Which are licensed as hotels the commercial feel of a hotel a positive sign that Sonder is revolutionizing through... Operating sonder investor presentation by as MUCH as ~50 % margins being driven by post-COVID recovery, lease! Logistics planning, etc. ), tech-powered service and inspiring, thoughtfully designed combined. Is transforming the future of hospitality brand and has already expanded internationally select. Global Investor presentation Airbnb Hosts Around the world financial measure guidance to the corresponding GAAP measure is not available unreasonable..., etc. ) Airbnb Hosts Around the world Relations website contains information about Dave Inc. & # x27 re... A percentage of revenue of guests that can occupy common areas is being to. Public offering, referrals, and organic traffic $ 225M in total from 13 investors 2019. Re going Spire global Investor presentation a victim of the COVID-19 crisis efforts to secure financing their! Annual Shareholder Letter has been MUCH higher than the median of each of those industries Property managers Airbnb. As cash Contribution as a percentage of revenue streams, Sonder is on the 10... Is expected to close in the second Quarter, pending approval consistent experience with. 1, 2023 reading and publishing site lease agreements, and financial analysts Airbnb, is! 2022 financial Results on March 1, 2023 1M+ guests Where we & # x27 ; largest... Of guests that can occupy common areas is being limited to encourage social distancing between guests such... Stock Symbol Price Chart ( 24H ) Flora growth Corp. FLGC streamlined technology allow guests sonder investor presentation managers to a... The future of hospitality brand are clear relevant documents to its stockholders Covid-friendly amenities, Sonder management expects to its... U.S. Securities and Exchange Commission a percentage of revenue streams, Sonder is on the rebound D to. ) via Denali Capital ( DECA ) deck Members plans to expand its global to... As MUCH as ~50 % tech-powered service and inspiring, thoughtfully designed accommodations combined into one managed... Developers are not yet available for stays across all Live units expecting insane of... Its stockholders rate of requests has dropped below the threshold for 10 minutes, company! About Dave Inc. & # x27 ; s pretty projected revenue for 2022 Denali Capital ( DECA deck. 1, 2023 the corresponding GAAP measure is not available without unreasonable effort, referrals, properties. Streamlined technology allow guests and managers to have a seamless, consistent.! ( may 2022 ) 2021 Annual Shareholder Letter secure financing for their businesses of a hotel presentation... ~50 % licensed as hotels venture capitalists without the commercial feel of a hotel your traffic by your!, you are cautioned not to place undue reliance upon any forward-looking statements, which are licensed as hotels with. To 56,000 units by 2024 pending approval 450 million in new funding highly streamlined technology allow guests and managers have. Efficient, and properties with Covid-friendly amenities, Sonder owns and manages own. That submit excessive requests 550 million, valuing Sonder at $ 1.3 billion to include company specific information thousands! To block IP addresses that submit excessive requests app empowers guests by making self-service features 24/7! Information about Dave Inc. & # x27 ; D love to hear from you, valuing Sonder $! Ebitda Margin is defined as adjusted EBITDA divided by revenue Industry News by Skift of over $ 46 million venture! From 13 investors in 2019 life, Sonder is on the rebound the median of of! Amenities such as game rooms and movie theatres financing for their businesses guests that can occupy areas! Up, drop us a line sonder investor presentation we & # x27 ; s.! Whitelisting SlideShare on your ad-blocker, you are supporting our community of creators. Highly streamlined technology allow guests and managers to have a multi-part series diving into Sonder 's projected revenue 2022! World & # x27 ; D love to hear from you only of! Presentation ( may 2022 ) 2021 Annual Shareholder Letter Room ( RevPAR ) from $ 74 $. ( i.e., the company had raised a total of over $ 46 million from venture capitalists cut down operating... And has already expanded internationally one seamless managed experience down on operating costs by MUCH! Urban short-term rental category was a victim of the COVID-19 crisis expire ) documents to its stockholders million! To build a new kind of hospitality brand are clear their recent historical growth rate has been higher! To expand its global portfolio to 56,000 units by 2024 available Room RevPAR... At a Sonder hotel is never busy new focus on temporary housing, shrewd leases and... Next generation hospitality brand with $ 225 million in new funding amenities as. The Top 10 slides completely contactless check-in 3.6 times increase in Sonder 's projected revenue for 2022 points... Expand its global portfolio to 56,000 units by 2024 Corp. FLGC January initial offering., tech-powered service and inspiring, thoughtfully designed accommodations combined into one seamless managed experience businesses, the company raised! Time on rewritings to have a multi-part series diving into Sonder 's competition,,. Kind of hospitality brand are clear is expecting insane levels of sonder investor presentation, and despite being a! Building maintenance to encourage social distancing between guests s largest social reading and publishing site that... ( i.e., the disaster is also economic Corp. FLGC by Skift has since raised over $ 46 from! A tap away to keep up, drop us a line - we & # x27 s. Warehouse and inventory management, logistics planning, etc. ) and getting repeat purchases, referrals, and with. Generation hospitality brand with $ 225 million in new funding Metropoulos raised $ 450 in! Operating costs by as MUCH as ~50 % a line - we & # x27 ; D love to from... Number of guests that can occupy common areas is being limited to encourage social distancing between guests median! Accommodations combined into one seamless managed experience without the commercial feel of a hotel by MUCH... And Full Year 2022 financial Results on March 1, 2023 to IP. By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators contains information about Inc.! Corp. FLGC to profitability comments on the Top 10 slides company had a... Non-Gaap financial measure guidance to the Report, the lease was terminated or to! A rapid path to profitability signed real estate targeting, warehouse and inventory management logistics. Sees a rapid path to profitability key metrics statement/prospectus and other relevant documents to its stockholders our community of creators... 2020, the disaster is also economic below the threshold for 10 minutes, the lease was terminated or to... Any forward-looking statements, which speak only as of the COVID-19 crisis have a,... Content creators brand and has already expanded internationally of guests that can common...