PIII - P3 Health Partners beats Q1 top and bottom line estimates; raises FY23 adjusted EBITDA outlook
2023-05-10 17:16:28 ET
- P3 Health Partners press release ( NASDAQ: PIII ): Q1 GAAP EPS of -$0.22 beats by $0.46 .
- Revenue of $302.08M (+10.4% Y/Y) beats by $21.53M .
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Capitated revenue increases 11% vs. the same period in the prior year.
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Q1 2023 operating loss improved 7% vs. the same period in the prior year.
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Q1 2023 medical margin improvement of 58% vs. the same period in the prior year.
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Outlook: FY23 Increases Adjusted EBITDA guidance to -$55M- -$35M; Total Revenues of $1,200- $1,250M vs. consensus of $1.20B.
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P3 Health Partners beats Q1 top and bottom line estimates; raises FY23 adjusted EBITDA outlook