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Mar 31, 2023
Privia Health Q1 2023 Earnings Report
Privia Health's financial performance for Q1 2023 was reported, featuring revenue growth and reaffirmed full-year guidance.
Key Takeaways
Privia Health reported a strong first quarter in 2023, with revenue increasing by 23.1% compared to the previous year. The company also saw improvements in gross profit and operating income, and reiterated its full-year 2023 guidance.
Total revenue for the first quarter of 2023 was $386.3 million, a 23.1% increase year-over-year.
Operating income for the first quarter of 2023 was $6.7 million, compared to an operating loss of $(11.5) million in the prior year first quarter.
Non-GAAP adjusted net income was $19.3 million, or $0.16 per diluted share, a 30.4% increase year-over-year.
The company reiterated its full-year 2023 guidance.
Revenue by Segment
Forward Guidance
Privia Health reiterated its full-year 2023 guidance.
Positive Outlook
- Implemented Providers: 4,050 to 4,150
- Attributed Lives: 1,050,000 to 1,150,000
- Practice Collections: $2,700 million to $2,850 million
- GAAP Revenue: $1,550 million to $1,650 million
- Adjusted EBITDA: $70 million to $74 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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