Privia Health Q3 revenue $417M (+22%); net income $5.6M; raises FY guidance

Privia Health Group, Inc.

2023-Q3 EPS reported $0.16 revenue$1,216,909,000

Q3 rev $417.3M (+22% YoY); GAAP net income $5.6M vs $1.6M.
Adjusted net income $21.1M ($0.17) vs $16.7M ($0.13) (+26%).
Implemented providers 4,105 (+14%); attributed lives 1.09M (+29%).
FY guidance raised: Platform Contribution above high end; Adj. EBITDA $70-74M.
Entering South Carolina with Greenville ENT (20 providers); H1 2024.

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 third quarter ended September 30, 2023 results: revenue $417.3 million, net income $5.6 million, EPS $0.05 per share.

Period: the third quarter ended September 30, 2023
Revenue: $417.3 million
Net income: $5.6 million
EPS: $0.05 per share
Result: reported results

Exact text from the filing

Total revenue for the third quarter of 2023 was $417.3 million, compared to total revenue of $342.9 million for the prior year third quarter (+21.7%). Gross Profit for the third quarter of 2023 was $90.6 million, compared to $76.9 million for the prior year third quarter. Operating income for the third quarter of 2023 was $5.5 million, compared to operating loss of $(4.6) million for the prior year third quarter. Net income for the third quarter of 2023 was $5.6 million, or $0.05 per share, compared to net income of $1.6 million, or $0.01 per share, for the third quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Privia Health Group, Inc. reported the nine months ended September 30, 2023 results: revenue $1.22 billion, net income $20.2 million, EPS $0.16 per diluted share.

Period: the nine months ended September 30, 2023
Revenue: $1.22 billion
Net income: $20.2 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

Total revenue was $1.22 billion for the nine months ended September 30, 2023, an increase from $992.2 million for the same period in 2022 (+22.6%). Operating income for the first nine months of 2023 was $19.2 million, compared to operating loss of $(21.4) million for the same period in 2022. Net income for the first nine months of 2023 was $20.2 million, or $0.16 per diluted share, compared to net loss of $(26.4) million, or $(0.24) per diluted share, for the same period in 2022.

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Source: SEC EDGAR

accession 0001759655-23-000209

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