earnings
confidence high
sentiment neutral
materiality 0.70
SBC Medical Q3 revenue $53M (+12% YoY); net income falls to $2M from $8M
SBC Medical Group Holdings Inc
2024-Q3 EPS reported
$0.42
revenue$160,995,005
- Q3 revenue $53M (+12% YoY); operating income $13M (-31% YoY, hit by $12.8M stock-based comp).
- Q3 net income attributable to SBC was $2M vs $8M in Q3 2023; nine-month net income $40M (+60%).
- Nine-month revenue $160M (+23%), EBITDA $68M (+21%), EBITDA margin 42%.
- Partner clinics reached 224 as of Sep 30, 2024, up 24 from a year ago.
- Stock-based compensation of $12.8M in Q3 related to listing process reduced operating income.