Privia Health Q2 net income $7.3M vs loss; guides FY23 higher

Privia Health Group, Inc.

2023-Q2 EPS reported $0.12 revenue$799,627,000

Q2 revenue $413.4M (+23.2% YoY); net income $0.06/sh vs net loss ($0.10) YoY.
Non-GAAP adjusted EPS $0.17 vs $0.13 YoY; Adjusted EBITDA $19.3M (+24.3%).
Practice Collections $700M (+13.7%); Implemented Providers 3,870 (+9.3%).
FY23 guidance raised: Practice Collections $2.7-2.85B, Adj. EBITDA $70-74M.
Balance sheet strong: $317.9M cash, zero debt.

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 0.9

Privia Health Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $413.4 million, net income $7.3 million, or $0.06 per share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $413.4 million
Net income: $7.3 million, or $0.06 per share
Guidance: raised
Result: reported results

Exact text from the filing

PRVA) today announced financial results for the second quarter and six month periods ended June 30, 2023. Second Quarter Total revenue for the second quarter of 2023 was $413.4 million, compared to total revenue of $335.5 million for the prior year second quarter (+23.2%). Gross Profit for the second quarter of 2023 was $90.2 million, compared to $75.4 million

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Privia Health Group, Inc. filing history →

Source: SEC EDGAR

accession 0001759655-23-000186

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