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Sep 30, 2023
LifeStance Q3 2023 Earnings Report
LifeStance's Q3 2023 results reflected a strong revenue growth driven by net clinician growth and increased visit volumes, but were impacted by a net loss due to stock-based compensation and a settlement.
Key Takeaways
LifeStance Health Group reported a 21% increase in total revenue, reaching $262.9 million. The company experienced a net loss of $61.6 million, influenced by stock-based compensation expenses and a preliminarily approved settlement. The company is raising the midpoints of full year Revenue, Center Margin, and Adjusted EBITDA guidance ranges.
Total revenue increased by 21% to $262.9 million.
Total clinicians reached 6,418, up 18% year-over-year.
Net loss amounted to $61.6 million, impacted by stock-based compensation and a settlement.
Adjusted EBITDA decreased by 5% to $14.6 million.
LifeStance
LifeStance
Forward Guidance
LifeStance is raising the midpoints of full year Revenue, Center Margin, and Adjusted EBITDA guidance ranges, with the following outlook for 2023: The Company expects full year revenue of $1.03 to $1.04 billion, Center Margin of $292 to $300 million, and Adjusted EBITDA of $56 to $60 million. For the fourth quarter of 2023, the Company expects total revenue of $255 to $265 million, Center Margin of $73 to $81 million, and Adjusted EBITDA of $17 to $21 million.