earnings
confidence high
sentiment negative
materiality 0.80
P3 Health Partners Q4 2022 net loss $532.3M on $463.5M goodwill impairment; revenue up 40%
P3 Health Partners Inc.
2023-Q1 EPS reported
-$0.22
revenue$302,077,000
- Q4 capitated revenue $254.0M (+40% YoY); net loss $532.3M vs $118.2M loss, primarily due to $463.5M goodwill impairment.
- Adjusted EBITDA loss $40.1M vs $35.6M; Adjusted EBITDA PMPM loss improved to $133 from $177 in Q4 2021.
- Full-year 2022 network contribution improved 65% vs 2021; company affirms 2023 guidance, expects Adjusted EBITDA positive in early 2024.
- Introduced year-end medical margin guidance as new non-GAAP metric.