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Sep 30, 2023
P3 Health Q3 2023 Earnings Report
P3 Health Partners' Q3 2023 financial results were announced, showing continued business improvement with key metrics tracking as expected.
Key Takeaways
P3 Health Partners reported a 16% increase in total revenue to $288.4 million for the third quarter of 2023, with a net loss of $37.3 million. The company reaffirmed its full-year 2023 guidance and provided preliminary 2024 full-year Adjusted EBITDA guidance of $20 million to $40 million.
Total revenue increased by 16% to $288.4 million compared to the third quarter of the prior year.
Net loss decreased by approximately 43% to $37.3 million compared to the third quarter of the prior year.
Adjusted EBITDA loss was $22.3 million, compared to an Adjusted EBITDA loss of $40.3 million in the third quarter of the prior year.
Gross profit was $9.1 million, compared to negative $6.5 million in the prior year.
Forward Guidance
The company reaffirmed its full-year 2023 guidance and provided preliminary 2024 full-year Adjusted EBITDA guidance of $20 million to $40 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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