Sharecare Q1 revenue down 22% to $90.9M; net loss $35.1M; strategic review active

Sharecare, Inc.

2024-Q1 EPS reported -$0.10 revenue$90,861,000

Revenue $90.9M, down 22% YoY; adjusted EBITDA loss $2.7M vs prior-year profit $0.6M.
Net loss $35.1M; adjusted net loss $13.3M; EPS loss $0.10 (adjusted loss $0.04).
Strategic review active with multiple bidders; expects conclusion within 30-45 days.
Medicaid digital navigation platform launching July 1, 2024 to 750,000 members.

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

Sharecare, Inc. reported quarter ended March 31, 2024 results: revenue $90.9 million, net income Net loss attributable to Sharecare of $35.1 million, EPS Net loss per share of $0.10.

Period: quarter ended March 31, 2024
Revenue: $90.9 million
Net income: Net loss attributable to Sharecare of $35.1 million
EPS: Net loss per share of $0.10
Result: reported results

Exact text from the filing

we remain confident in our business.” First Quarter 2024 Financial Results All comparisons, unless otherwise noted, are to the three months ended March 31, 2023. • Revenue of $90.9 million compared to $116.3 million, a decrease of $25.4 million, or 22%. • Net loss attributable to Sharecare of $35.1 million compared to $34.7 million, an increase of $0.4 million. Net

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Source: SEC EDGAR

accession 0001816233-24-000108

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