ATI Physical Therapy reported a 7.1% increase in net revenue to $190.0 million for Q3 2024, compared to $177.5 million in Q3 2023. Adjusted EBITDA increased by 28.8% to $12.1 million. The company's liquidity position requires additional capital or financing to fund operations.
ATI Physical Therapy reported a revenue increase of 9.2% to $188.1 million, driven by a 6.4% increase in visits per day and a 3.4% increase in rate per visit. The company's net loss decreased to $2.6 million, and Adjusted EBITDA increased by 77.5% to $16.6 million.
ATI Physical Therapy reported a net revenue of $182.3 million for Q4 2023, a 12.7% increase year-over-year. The company's net loss was $4.5 million, a significant improvement compared to the $102.4 million loss in Q4 2022. Adjusted EBITDA increased to $12.7 million, with a margin of 7.0%.
ATI Physical Therapy reported a net revenue of $177.5 million for Q3 2023, a 13.2% increase year-over-year. The company saw growth in key performance metrics, including a 5% quarter-over-quarter increase in clinician headcount and higher rates per visit. Adjusted EBITDA was $9.4 million, compared to $(0.4) million in the third quarter of 2022.
ATI Physical Therapy reported a 5.5% year-over-year increase in net revenue to $172.3 million for Q2 2023. The company's visits per day increased by 4.5% year-over-year, with a rate per visit increase of 1.1%. Adjusted EBITDA was $9.3 million, up from $5.4 million in Q2 2022.
ATI Physical Therapy reported a net revenue of $161.8 million for Q4 2022, a 4% increase year-over-year. The company met its 2022 revenue and Adjusted EBITDA updated guidance and completed a full refresh of the corporate leadership team. However, the company experienced a net loss of $102.4 million, including non-cash impairment charges of $96.0 million.
ATI Physical Therapy reported a net operating revenue of $156.8 million, a 1% decrease year-over-year. The company is focused on optimizing clinic footprint and financial return at the local market level and controlling costs at corporate.
ATI Physical Therapy reported a slight increase in net operating revenue to $163.3 million, a 6% increase quarter over quarter but essentially flat year over year. The company faces headwinds in a tight labor market, leading to revised full-year 2022 guidance and non-cash impairment charges of approximately $128 million.
ATI Physical Therapy reported financial results for the third quarter ended September 30, 2021. Net operating revenue was $159.0 million, and Adjusted EBITDA was $8.5 million.