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Jun 30, 2024
ATI Q2 2024 Earnings Report
Experienced growth in visits, rate per visit, revenue, and adjusted EBITDA.
Key Takeaways
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.
Net revenue increased by 9.2% compared to the second quarter of 2023.
Visits per Day (VPD) increased by 6.4% compared to the second quarter of 2023.
Rate per Visit (RPV) increased by 3.4% compared to the second quarter of 2023.
Adjusted EBITDA increased by 77.5% compared to the second quarter of 2023.
Revenue by Segment
Forward Guidance
For the third quarter of 2024, ATI expects net revenue to be in the range of $180 million to $190 million, representing approximately 1% to 7% year-over-year growth. The Company anticipates it will continue growing patient visits through 2024 as it executes on its commercial, people, and operations strategies. ATI expects Adjusted EBITDA in the third quarter of 2024 to be in the range of $9 million to $14 million.
Positive Outlook
- Net revenue expected to be in the range of $180 million to $190 million.
- Net revenue represents approximately 1% to 7% year-over-year growth.
- Patient visits are expected to continue growing through 2024.
- Commercial strategies are expected to drive growth.
- People and operations strategies are expected to drive growth.
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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