earnings
confidence high
sentiment positive
materiality 0.75
ApolloMed Q2 revenue $348.2M (+29% YoY); adj. EBITDA $35.8M (+44%); reaffirms FY23 guidance
Astrana Health, Inc.
2023-Q2 EPS reported
$0.56
revenue$685,453,000
- Revenue $348.2M (+29% YoY); Care Partners revenue $325.2M (+32%); net income $13.2M (+10%).
- Adjusted EBITDA $35.8M (+44% YoY); reaffirms FY23 guidance: revenue $1.3-1.5B, Adj. EBITDA $120-160M.
- Recent deals: entered agreement to acquire Texas Independent Providers (120+ PCPs); formed partnership with IntraCare (425+ providers) with $25M convertible note.
- Tax restatement for 2020-2022 related to intercompany dividends; no impact on revenue, EBITDA, or past/forward periods.
- Cash and investments $297.7M; total stockholders' equity $566M.