Drive Shack Inc.

Drive Shack Inc.

DS
Drive Shack Inc.US flagNew York Stock Exchange
0.17
USD
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Hana Khouri
Full Time Employees
3,370
Sector
Consumer Cyclical
Industry
Leisure
Address
218 W 18th St Fl 3 New York City NY United States of America 75231
IPO Date
Oct 10, 2002
Business
Drive Shack Inc. (DSHK) owns and operates golf-related leisure and entertainment venues across the United States, focusing on competitive socializing through innovative golf experiences, technology-enhanced gaming, chef-inspired menus, craft cocktails, and hospitality services; its core portfolio comprises three brands including Drive Shack outdoor entertainment venues with climate-controlled hitting bays featuring TrackMan technology, unlimited TaylorMade golf balls, interactive virtual games and courses for all skill levels, full-service bars and restaurants offering artisan pizzas, desserts, and seasonal events; Puttery indoor mini-golf with themed nine-hole courses, auto-scoring technology, upscale culinary plates, and adults-only atmospheres; and American Golf traditional properties encompassing owned, leased, or managed golf courses and country clubs across multiple states. Founded in 2002 and headquartered in Dallas, Texas, the company serves recreational consumers, corporate groups, and event hosts in tourist-heavy regions such as Florida and Texas through approximately 150 locations nationwide, employing over 3,450 staff. Recent strategic shifts include a pivot from traditional golf ownership by selling portions of the American Golf portfolio to fund entertainment expansions, a $50 million debt refinancing in Q2 2025 reducing interest costs by 1.5% and boosting Q1 operating cash flow 38% year-over-year to $18.2 million amid total debt of $496 million, implementation of cost-cutting measures, membership program enhancements generating 60% recurring revenue with deferred balances at $13.5 million, mobile app upgrades for bookings, a planned $13.5 million rights offering, voluntary delisting from NYSE to OTC markets, and appointment of Mike Compton as interim CEO, all targeting EBITDA recovery by late 2025 through operational efficiencies and venue-level profitability improvements.

Company News

APIChat
  • Drive Shack Inc. Announces Full Year and Fourth Quarter 2024 Financial Results

  • UCB Launches Dravet Syndrome Sound of Profound Moments: Family Video Project

  • Why The Drive Shack Inc (DS) Stock Plummeted Over 60%

  • Drive Shack Inc. Announces Intention to Voluntarily Delist and Deregister its Securities

  • Baird Financial Group Inc. Reduces Stock Position in Avantor, Inc. (NYSE:AVTR)

  • Drive Shack Inc. Announces Third Quarter 2022 Financial Results and Preferred Stock Dividends for Fourth Quarter 2022

  • Drive Shack Inc. Announces Third Quarter 2022 Financial Results and Preferred Stock Dividends for Fourth Quarter 2022

  • Drive Shack Inc. Announces Grand Opening of Puttery Chicago

  • Drive Shack Inc. Receives Continued Listing Standard Notice From NYSE

  • Drive Shack Inc. Announces Mid-September Grand Opening of Puttery Houston

  • Puttery Chicago Now Accepting Event Bookings, Job Applications in Preparation for Grand Opening

  • Puttery Houston Now Accepting Event Bookings, Job Applications in Preparation for Grand Opening

  • Drive Shack Inc. (DS) CEO Hana Khouri on Q2 2022 Results - Earnings Call Transcript

  • Drive Shack Inc. Continues Nationwide Expansion, Brings Puttery to the Twin Cities

  • Drive Shack Inc. Announces Second Quarter 2022 Financial Results and Preferred Stock Dividends for Third Quarter 2022

  • Drive Shack Inc. Announces Second Quarter 2022 Financial Results and Preferred Stock Dividends for Third Quarter 2022

  • Drive Shack Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call

  • Drive Shack Inc. Announces Grand Opening of Puttery Washington D.C.

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  • Drive Shack Inc. (DS) CEO Hana Khouri on Q1 2022 Results - Earnings Call Transcript