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.
Net revenue increased by 4% year over year to $161.8 million.
Visits per Day (VPD) increased by 8% year over year to 22,316.
Adjusted EBITDA was $6.4 million, with a margin of 3.9%.
Net loss was $(102.4) million, including impairment charges of $96.0 million.
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