MultiPlan Q1 revenue $234.5M (-0.9% YoY); net loss $539.7M on $519.1M goodwill impairment

Claritev Corp

2024-Q1 EPS reported -$0.83 revenue$234,508,000

Revenue $234.5M vs $236.6M in Q1 2023, just below guided range due to $5-6M cyber incident impact.
Net loss $539.7M vs net income $0.2M; includes $519.1M goodwill and intangible impairment.
Adjusted EBITDA $146.8M, down 6.1% from $156.3M; Free Cash Flow $19.2M vs $41.1M.
FY 2024 guidance maintained: revenue $1,000-1,030M, Adj EBITDA $630-650M; Q2 revenue guided $235-250M.
Used $18.2M cash to repay $24.4M face value of debt; $10.4M share repurchases in open market.

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

Claritev Corp reported first quarter ended March 31, 2024 results: revenue $234.5 million, net income Net loss of $539.7 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $234.5 million
Net income: Net loss of $539.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

MultiPlan Reports First Quarter 2024 Results – Q1 2024 Revenues of $234.5 million, Net Loss of $539.7 million (including a $519.1 million impairment of goodwill and indefinite-lived intangible assets), and Adjusted EBITDA of $146.8 million

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Claritev Corp filing history →

Source: SEC EDGAR

accession 0001793229-24-000075

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.