Sonida Senior Living reports Q2 net loss $12.2M; revenue up 9.5% to $57M; adjusted EBITDA up 78%

SONIDA SENIOR LIVING, INC.

2023-Q2 EPS reported $1.18 revenue$124,927,000

Net loss of $12.2M in Q2 2023 vs. $7.4M loss in Q2 2022, including $0.4M of state grant revenue.
Resident revenue $57.0M, up 9.5% YoY; RevPAR increased 9.9% to $3,300.
Weighted average occupancy 83.9%, up 120 bps YoY; adjusted EBITDA $7.5M, up 78% YoY.
Community NOI margin improved to 23.8% from 20.4% YoY; year-to-date net cash from ops $5.5M vs. ($2.1M).

item 2.02 item 7.01 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

SONIDA SENIOR LIVING, INC. reported the second quarter ended June 30, 2023 results: revenue $56,960, net income $12.2 million.

Period: the second quarter ended June 30, 2023
Revenue: $56,960
Net income: $12.2 million
Result: reported results

Exact text from the filing

RESULTS THREE MONTHS ENDED JUNE 30, 2023 (in thousands) Three Month Ended June 30, Three Month Ended March 31, 2023 2022 2023 Consolidated results Resident revenue (1) $ 56,960 $ 51,996 $ 56,606 Management fees 531 600 505 Operating expenses 44,662 41,510 43,808 General and administrative expenses 6,574 9,439 7,063 Gain (loss) on extinguishment of debt —

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SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-029158

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