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Mar 31, 2024

NeueHealth Q1 2024 Earnings Report

NeueHealth reported strong results driven by coordinated, consumer-centric care and strong partnerships.

Key Takeaways

NeueHealth reported a revenue of $245.1 million and a net income from continuing operations of $5.7 million for Q1 2024. The company is maintaining its expectation for 2024 Adjusted EBITDA of between $15 million and $25 million.

Delivered Revenue of $245.1 million in Q1 2024.

Reported Net Income from Continuing Operations of $5.7 million in Q1 2024.

Achieved Adjusted EBITDA of $2.5 million in Q1 2024.

NeueCare and NeueSolutions segments are positioned for continued strong performance in 2024.

Total Revenue
$245M
Previous year: $756M
-67.6%
EPS
-$2.31
Previous year: -$14.4
-84.0%
Gross Profit
$245M
Previous year: $301M
-18.5%
Cash and Equivalents
$113M
Previous year: $383M
-70.5%
Free Cash Flow
-$48.8M
Previous year: -$617M
-92.1%
Total Assets
$1.11B
Previous year: $4.85B
-77.2%

NeueHealth

NeueHealth

Forward Guidance

For 2024, NeueHealth expects revenue of approximately $1 billion, with NeueCare revenue between $310 million and $320 million, and NeueSolutions revenue between $690 million and $700 million. Adjusted EBITDA is expected to be between $15 million and $25 million.