MultiPlan Q4 rev $241.1M, net loss $650.1M (incl $662.2M impairment); FY23 rev guidance $925M-$975M

Claritev Corp

2022-FY EPS reported -$0.90 revenue$1,079,716,000

Q4 2022 revenue $241.1M, down 19.2% YoY; net loss $650.1M vs net income $24.9M in Q4 2021.
Full year 2022 revenue $1,079.7M, down 3.4% YoY; Adjusted EBITDA $768.7M vs $838.3M in 2021.
Recorded $662.2M impairment of goodwill and indefinite-lived intangibles in Q4 2022.
FY 2023 guidance: revenue $925M-$975M, Adjusted EBITDA $600M-$650M.
Repurchased $136M face value of 5.75% notes in Q4; Board authorized $100M share repurchase program through Dec 31, 2023.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Claritev Corp reported the fourth quarter and full year ended December 31, 2022 results: revenue $241.1 million, net income Net loss of $650.1 million. Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2022
Revenue: $241.1 million
Net income: Net loss of $650.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

MultiPlan Reports Fourth Quarter and Full Year 2022 Results – Q4 2022 Revenues of $241.1 million, Net Loss of $650.1 million (including a $662.2 million impairment of goodwill and indefinite-lived intangible assets) and Adjusted EBITDA of $161.5 million

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Source: SEC EDGAR

accession 0001793229-23-000008

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