MSP Recovery Q3 revenue $8.3M (+234% YoY); net loss $0.01/sh; debt extinguishment gain $63.4M

MSP Recovery, Inc.

Revenue $8.3M, up 234% YoY; operating loss $78.9M (adjusted loss $12.5M excluding $66.3M non-cash amortization).
Net loss $26.1M ($0.01/share); adjusted net loss $12.8M; cash $14.3M as of Sept 30, 2022.
Recorded $63.4M gain on debt extinguishment after reducing Brickell Key obligation from $143M to $80M.
Paid value of recoverable claims grew to $89.2B; acquired $48.2M in recovery rights during Q3.
Signed $7.5M LifeWallet licensing deal; launched LifeWallet Legal Referral Service.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MSP Recovery, Inc. reported the third quarter ended September 30, 2022 results: revenue $8.3 million, net income Net loss of $26.1 million, EPS net loss per share of $0.01 per share.

Period: the third quarter ended September 30, 2022
Revenue: $8.3 million
Net income: Net loss of $26.1 million
EPS: net loss per share of $0.01 per share
Result: reported results

Exact text from the filing

to data ingestion as well as patient efficiencies and proper payments.” Third Quarter 2022 Financial Highlights • Revenue : Total revenue for the third quarter of 2022 was $8.3 million, up 234% from the third quarter of 2021. • Operating loss: Operating loss for the third quarter of 2022 was $78.9 million, compared with $3.1 million for the third quarter of

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MSP Recovery, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023363

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