Inspire Veterinary Q3 revenue up 42% to $4.1M; net loss widens to $7.9M

INSPIRE VETERINARY PARTNERS, INC.

Q3 total revenue $4.1M (+42% YoY) from acquisitions; service rev $2.9M (+30%), product rev $1.2M (+76%).
Net loss $7.9M vs $1.4M YoY, driven by non-cash beneficial conversion feature of $4.1M from IPO and acquisition costs.
First nine months revenue $12.9M (+93%); net loss $10.6M vs $3.0M.
Cash $1.9M at Sept 30; recently acquired Valley Veterinary Service (PA) with >$1.7M 2022 gross revenues.
Company completed IPO on Nasdaq in August 2023; now 14 hospitals in 10 states.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INSPIRE VETERINARY PARTNERS, INC. reported third quarter of 2023 results: revenue $4.1 million, net income $7.9 million.

Period: third quarter of 2023
Revenue: $4.1 million
Net income: $7.9 million
Result: reported results

Exact text from the filing

Total revenue was $4.1 million for the third quarter of 2023, an increase of 42% compared to total revenue of $2.9 million in the prior year period

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

INSPIRE VETERINARY PARTNERS, INC. filing history →

Source: SEC EDGAR

accession 0001575872-23-001759

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