Greenbrook TMS Q1 revenue down 7% to $18.0M; net loss widens 36% to $14.5M

Greenbrook TMS Inc.

2024-Q1 EPS reported -$0.32 revenue$5,563,038

Revenue $18.0M (-7% YoY); regional operating loss $2.5M (+401%).
Net loss $14.5M (+36% YoY); diluted EPS -$0.32 vs -$0.34.
130 active treatment centers (down from 162 YoY) due to restructuring plan.
Spravato rollout at 84 centers; medication management at 9; talk therapy in FL and MO.
Change Healthcare ransomware impacted billing/collections in Q1.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Greenbrook TMS Inc. reported first quarter 2024 results: revenue $18.0 million, net income $14.5 million, EPS $(0.32) per share.

Period: first quarter 2024
Revenue: $18.0 million
Net income: $14.5 million
EPS: $(0.32) per share
Result: reported results

Exact text from the filing

the ransomware cyberattack on Change Healthcare Solutions LLC (“ Change Healthcare ”) that affected the broader healthcare industry, quarterly revenue decreased by only 7% to $18.0 million, down $1.3 million as compared to the first quarter of 2023 (“ Q1 2023 ”). · Regional operating loss increased by 401% in Q1 2024 to $2.5 million, up $2.0 million as compared to

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Source: SEC EDGAR

accession 0001104659-24-061255

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