earnings
confidence high
sentiment negative
materiality 0.80
P3 Health Q3 revenue up 59% to $248.3M; net loss widens on $851.5M goodwill impairment
P3 Health Partners Inc.
2022-Q3 EPS reported
-$4.27
revenue$791,258,378
- Q3 revenue $248.3M (+59% YoY); YTD revenue $791.3M (+75% YoY).
- At-risk Medicare Advantage members reached 101,000, up 67% YoY.
- Q3 net loss $65.3M vs $32.1M loss in Q3 2021; YTD net loss $1.0B includes $851.5M goodwill impairment.
- Adjusted EBITDA loss PMPM improved: Q3 loss $133 from $142; YTD loss $97 from $110.
- Company provided updated Full-Year 2023 Adjusted EBITDA guidance (no specific numbers in release).