ATI Physical Therapy Q1 revenue $181.5M (+8.7% YoY); Q2 guidance $185-195M

ATI Physical Therapy, Inc.

2024-Q1 EPS reported -$4.61 revenue$181,472,000

Net revenue $181.5M, up 8.7% vs Q1 2023; net patient revenue $165.4M (+9.7%).
Visits per Day 23,837 (+5.0%) driven by increased clinical FTE capacity.
Clinician turnover rate improved to 16% as part of culture and retention efforts.
Q2 2024 guidance: revenue $185-195M, Adjusted EBITDA $15-20M.
Other revenue flat at $16.1M vs $16.2M in prior year.

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

ATI Physical Therapy, Inc. reported the first quarter ended March 31, 2024 results: revenue $181.5 million. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $181.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

are presented after the financial statements at the end of this press release. Commentary on performance results in the first quarter of 2024 is as follows: • Net revenue was $181.5 million compared to $166.9 million in the first quarter of 2023, an increase of 8.7%. ▪ Net patient revenue was $165.4 million compared to $150.8 million in the first quarter of 2023, an

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Source: SEC EDGAR

accession 0001815849-24-000035

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