Sonida Senior Living Q4 adj. EBITDA up 103% YoY to $9.3M; completes $47.8M equity raise

SONIDA SENIOR LIVING, INC.

Q4 2023 net loss $14.6M vs $16.6M loss in Q4 2022; revenue up 11.2% to $59.3M.
Adjusted EBITDA $9.3M (+103.5% YoY); Community NOI margin expanded to 27.4% from 19.3%.
Weighted average occupancy improved 200 bps to 85.9% vs Q4 2022.
Completed $47.8M private placement in Feb 2024, resolving going concern uncertainty.
FY 2023 net cash from operations $10.7M vs -$2.6M in 2022.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SONIDA SENIOR LIVING, INC. reported fourth quarter and full year ended December 31, 2023 results: net income Net loss for the fourth quarter was $14.6 million..

Period: fourth quarter and full year ended December 31, 2023
Net income: Net loss for the fourth quarter was $14.6 million.
Result: reported results

Exact text from the filing

Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2023 Results

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SONIDA SENIOR LIVING, INC.: Adopted Second Amendment to Second Amended and Restated Bylaws designating federal district court for District of Delaware as exclusive forum for certain legal actions (effective 2024-03-26).

Change: bylaw amendment
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, the Board of Directors of the Company approved and adopted the Second Amendment to the Second Amended and Restated Bylaws of the Company (the “Second Amendment”), which became effective immediately.

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

SONIDA SENIOR LIVING, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-013167

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