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Dec 31, 2023
ATI Q4 2023 Earnings Report
ATI Physical Therapy's Q4 2023 financial results were reported, showing revenue growth and improved profitability.
Key Takeaways
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%.
Net revenue increased by 12.7% year-over-year to $182.3 million, driven by patient access and strong demand.
Visits per Day (VPD) rose by 8.6% year-over-year to 24,238, attributed to increased capacity and higher productivity.
Net loss improved significantly to $4.5 million, compared to a $102.4 million loss in the same quarter of the previous year.
Adjusted EBITDA increased to $12.7 million, reflecting higher revenue and lower provision for doubtful accounts.
Revenue by Segment
Forward Guidance
The initiatives to advance operational efficiency and profitability generated solid progression in financial results in 2023, and that momentum is carrying into 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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