earnings
confidence high
sentiment neutral
materiality 0.70
Nutex Health Q2 2023 net loss $3.5M, revenue $58.9M; plans 1-2 more hospitals in 2023
Nutex Health Inc.
2023-Q2 EPS reported
-$0.01
revenue$115,253,871
- Net revenue $58.9M in Q2 2023, essentially flat vs $58.0M in Q2 2022.
- Net loss attributable to Nutex Health $3.5M vs $19.3M loss in Q2 2022; Adjusted EBITDA $4.0M.
- Cash $32.8M; $100M Lincoln Park investment facility unused.
- Opened 4 micro-hospitals in 2023; expects 1-2 more in 2023 and 14 by end of 2025.
- Closed 3 unprofitable facilities (Texas); paid back $3.75M to Yorkville; $7.7M outstanding.