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Dec 31, 2022
Multiplan Q4 2022 Earnings Report
Reported Q4 2022 results, with revenues of $241.1 million and a net loss of $650.1 million.
Key Takeaways
MultiPlan Corporation reported a decrease in revenues to $241.1 million for Q4 2022, a 19.2% decrease over Q4 2021. The company reported a net loss of $650.1 million, including a $662.2 million impairment charge for goodwill and indefinite-lived intangible assets.
Q4 2022 revenues were $241.1 million, a decrease of 19.2% over Q4 2021.
Net loss for Q4 2022 was $650.1 million, compared to net income of $24.9 million for Q4 2021, primarily due to an impairment charge.
Adjusted EBITDA for Q4 2022 was $161.5 million, compared to $223.6 million for Q4 2021.
The company repurchased over $136 million face value of its 5.75% Notes and authorized a share repurchase program of $100 million through December 31, 2023.
Forward Guidance
The company anticipates Q1 2023 revenues between $225 million and $240 million and Adjusted EBITDA between $145 million and $160 million. Full year 2023 revenue is expected to be between $925 million and $975 million and Adjusted EBITDA between $600 million and $650 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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