P3 Health Partners Q3 revenue $288.4M (+16% YoY); net loss narrows; guides for positive 2024 Adj EBITDA

P3 Health Partners Inc.

2023-Q3 EPS reported -$0.41 revenue$919,514,000

Q3 total revenue $288.4M, up 16% YoY; net loss $37.3M vs. $65.3M loss prior year.
Adjusted EBITDA loss $22.3M, improved from $40.3M loss YoY; medical margin $36.2M, +306%.
YTD total revenue $919.5M (+16%); net loss $117.3M vs. $1,029.2M loss (incl. $851M goodwill impairment).
Reaffirms FY 2023 guidance: revenue $1.2B-$1.25B, Adj EBITDA loss $(50)-$(30)M; MA members 115k-120k.
Preliminary FY 2024 Adj EBITDA guidance of +$20M to +$40M, signaling expected profitability.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

P3 Health Partners Inc. reported three and nine months ended September 30, 2023 results: revenue $288.4 million, net income Net loss was $37.3 million. Guidance reaffirmed.

Period: three and nine months ended September 30, 2023
Revenue: $288.4 million
Net income: Net loss was $37.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

preliminary 2024 full-year Adjusted EBITDA guidance of $20 million to $40 million,” said Dr. Sherif Abdou, CEO of P3. Third-Quarter 2023 Financial Results • Total revenue was $288.4 million, an increase of 16% compared to $248.3 million in the third quarter of the prior year. Net loss was $37.3 million, an increase of approximately 43% compared to a net loss of

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Source: SEC EDGAR

accession 0001628280-23-037818

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