agilon health Q2 revenue $1.15B (+71%); posts first positive Adj EBITDA $10M; updates FY2023 guidance

agilon health, inc.

Revenue $1.15B, +71% YoY; Medicare Advantage members 408,900 (+57%); total members live on platform 495,900.
Adjusted EBITDA $10M vs -$3M YoY; net loss $17M vs $21M YoY; medical margin $138M (+69%).
FY2023 guidance: revenue $4.525-4.540B (up); medical margin $500-530M (down); Adj EBITDA $0-23M.
ACO REACH contribution to Adj EBITDA raised to $30-35M for FY2023 from prior $5-10M.
Announced partnership with Center for Primary Care (8 locations in GA/SC); share repurchase of 9.6M shares for ~$200M.

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 0.7

agilon health, inc. updated its fiscal year 2023 guidance (reaffirmed).

Period: fiscal year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Outlook for Fiscal Year 2023: Year Ended December 31, 2023 Updated Guidance

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

agilon health, inc. reported the three and six months ended June 30, 2023 results: revenue $1.15 billion, net income Net loss of $17 million.

Period: the three and six months ended June 30, 2023
Revenue: $1.15 billion
Net income: Net loss of $17 million
Result: reported results

Exact text from the filing

agilon health Reports Second Quarter 2023 Results Revenue increased 71% to $1.15 billion, Medicare Advantage membership increased 57% to 408,900, and total members live on the agilon platform grew to 495,900

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

agilon health, inc. reported the second quarter ended June 30, 2023 results: revenue $1.15 billion, net income Net loss of $17 million. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $1.15 billion
Net income: Net loss of $17 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference therein. --- EX-99.1 (EX-99.1) --- agilon health Reports Second Quarter 2023 Results Revenue increased 71% to $1.15 billion, Medicare Advantage membership increased 57% to 408,900, and total members live on the agilon platform grew to 495,900 Durability of agilon partnership model driving continued

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Source: SEC EDGAR

accession 0001628280-23-027194

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