P3 Q1 capitated revenue up 11%; net loss improves 14%; medical margin surges 58%

P3 Health Partners Inc.

2023-Q1 EPS reported -$0.22 revenue$302,077,000

Capitated revenue $298.7M (+11% YoY); net loss $52.4M, improved from $60.8M in Q1 2022.
Medical margin $39.2M (13.1% of capitated revenue), up 58% YoY; network contribution $16.5M (+114%).
Adjusted EBITDA loss $19.1M; full-year guidance raised to loss $35-55M from prior expectations.
FY 2023 guidance: revenue $1.2-1.25B, medical margin $155-175M, members 115k-120k.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

P3 Health Partners Inc. reported the first quarter ended March 31, 2023 results: revenue $298.7 million, net income $52.4 million.

Period: the first quarter ended March 31, 2023
Revenue: $298.7 million
Net income: $52.4 million
Result: reported results

Exact text from the filing

a model where we believe the patient, providers, payors and ultimately our shareholders win,” Dr. Abdou concluded. First Quarter 2023 Financial Results • Capitated revenue was $298.7 million, an increase of 11% compared to $269.7 million in the first quarter of the prior year, and an increase of 18% compared to the fourth quarter of 2022 • Net loss was $52.4 million,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

P3 Health Partners Inc. reported year ending December 31, 2023 results: revenue $ 1,200 $ 1,250. Guidance raised.

Period: year ending December 31, 2023
Revenue: $ 1,200 $ 1,250
Guidance: raised
Result: guidance update

Exact text from the filing

of 250% compared to fourth quarter of 2022 Full-Year 2023 Guidance Year Ended December 31, 2023 Low High Medicare Advantage Members 115,000 120,000 Total Revenues (in millions) $ 1,200 $ 1,250 Medical margin (2) (in millions) $ 155 $ 175 Medical margin (2) PMPM $ 120 $ 130 Adjusted EBITDA (2) Loss (in millions) $ (55) $ (35) (1) Adjusted EBITDA, Adjusted EBITDA

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P3 Health Partners Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-017225

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