MultiPlan Q4 rev $244.1M, net loss $31.4M; guides FY24 rev $1.0B-$1.03B

Claritev Corp

2023-FY EPS reported -$0.14 revenue$961,524,000

Q4 2023 revenue $244.1M (+1.3% YoY), net loss $31.4M (vs $650.1M loss), adjusted EBITDA $156.8M.
Full year 2023 revenue $961.5M (-10.9%), net loss $91.7M (vs $572.9M loss), adjusted EBITDA $618.0M.
FY 2024 guidance: revenue $1,000M-$1,030M, EBITDA $630M-$650M; Q1 2024 revenue $235M-$250M.
Identified $22.9B potential medical cost savings in 2023; acquired Benefits Science for $140.9M; repurchased $165.8M debt.
CEO Dale White to be succeeded by Travis Dalton; White highlights progress on growth plan and debt reduction.

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 0.95

Claritev Corp reported fourth quarter ended December 31, 2023 results: revenue $244.1 million, net income Net loss of $31.4 million. Guidance initiated.

Period: fourth quarter ended December 31, 2023
Revenue: $244.1 million
Net income: Net loss of $31.4 million
Guidance: initiated
Result: reported results

Exact text from the filing

of any general incorporation language in such filings. --- EX-99.1 (EX-99.1) --- ASE MultiPlan Reports Fourth Quarter and Full Year 2023 Results – Q4 2023 Revenues of $244.1 million, Net Loss of $31.4 million and Adjusted EBITDA of $156.8 million – Full Year 2023 Revenues of $961.5 million, Net Loss of $91.7 million and Adjusted EBITDA of $618.0 million –

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Claritev Corp reported full year ended December 31, 2023 results: revenue $961.5 million, net income Net loss of $91.7 million.

Period: full year ended December 31, 2023
Revenue: $961.5 million
Net income: Net loss of $91.7 million
Result: reported results

Exact text from the filing

Revenues of $961.5 million for full year 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Claritev Corp reported Full Year 2024 results: revenue $1,000 million to $1,030 million. Guidance initiated.

Period: Full Year 2024
Revenue: $1,000 million to $1,030 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Full Year 2024 Revenues guidance of $1,000 million to $1,030 million

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Source: SEC EDGAR

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