BHG - Bright Health Group GAAP EPS of -$72.52 revenue of $269.4M misses by $15.1M

2023-11-07 07:00:15 ET

• Bright Health Group press release ( NYSE: BHG ): Q3 GAAP EPS of -$72.52.
• Revenue of $269.4M (-83.5% Y/Y) misses by $15.1M .

• For full year 2023, Bright Health is providing the following guidance and commentary:

  Bright Health is updating its 2023 financial outlook to reflect revised Revenue forecasts for the Care Solutions segment.

  • Bright Health’s Enterprise Revenue is expected to be between $1.14 billion and $1.19 billion, vs. consensus of $1.18B.
  • On a segment basis, Care Solutions Revenue is expected to be between $890 million and $910 million, while Care Delivery Revenue is expected to be between $250 million and $275 million
  • Enterprise Adjusted Operating Cost Ratio is expected to be between 17.5% and 18.5% ^†
  • Bright Health expects to be Adjusted EBITDA profitable in 2023 ^†

For further details see: