RCM - R1 RCM GAAP EPS of $0.00 in-line revenue of $560.7M misses by $0.98M
2023-08-02 07:13:00 ET
- R1 RCM press release ( NASDAQ: RCM ): Q2 GAAP EPS of $0.00 in-line.
- Revenue of $560.7M (+43.1% Y/Y) misses by $0.98M .
- GAAP net income of $0.3 million, compared to net loss of $20.4 million in the same period last year.
- Adjusted EBITDA of $142.9 million, up $55.7 million or 63.9% compared to the same period last year.
- GAAP net income and adjusted EBITDA were negatively impacted by an $11.6 million increase in the reserve for credit losses related to a physician customer.
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2023 Outlook: Revenue of between $2,255 million and $2,275 million; GAAP operating income of $140 million to $155 million; Adjusted EBITDA of $600 million to $615 million
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R1 RCM GAAP EPS of $0.00 in-line, revenue of $560.7M misses by $0.98M