---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-013167"
form_type: "8-K"
ticker: "SNDA"
cik: "0001043000"
company_name: "SONIDA SENIOR LIVING, INC."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T06:55:16.963064+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-013167
- form_type: 8-K
- ticker: SNDA
- cik: 0001043000
- company_name: SONIDA SENIOR LIVING, INC.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043000/000162828024013167/0001628280-24-013167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043000/000162828024013167/snda-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-013167
- JSON: https://secwatch.observer/filing/0001628280-24-013167.json
- Plain text: https://secwatch.observer/filing/0001628280-24-013167.txt

## Key facts
- Earnings Releases
  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
  source text: Sonida Senior Living, Inc. Announces Fourth Quarter and Full Year 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000162828024013167/0001628280-24-013167-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043000/000162828024013167/0001628280-24-013167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.