NASDAQ$ASTH

Astrana Health Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

ApolloMed's financial performance increased in Q2 2022, with revenue up 54% year-over-year, despite a decrease in net income attributable to ApolloMed.

Apollo Medical Holdings, Inc. reported a strong second quarter in 2022, with a 54% increase in total revenue to $269.7 million. However, net income attributable to ApolloMed decreased to $11.4 million, and EPS-diluted was $0.25. The company is reiterating its full-year guidance for total revenue, net income, EBITDA, and Adjusted EBITDA.

  • Total revenue increased by 54% to $269.7 million compared to the prior-year quarter.
  • Net income attributable to ApolloMed was $11.4 million, a decrease from $12.7 million in the prior-year quarter.
  • Earnings per share (diluted) decreased to $0.25 compared to $0.28 in the prior-year quarter.
  • Adjusted EBITDA increased by 14% to $36.9 million compared to the prior-year quarter.

Headline financials

Total Revenue

$270M

Previous: $176M+53.6%
EPS (adj)

$0.27

Previous: $0.23+17.4%
Adjusted EBITDA

$36.9M

Previous: $30.7M+20.0%
Capital Expenditures

-$18.8M

Previous: -$7.36M-155.9%
Free Cash Flow

-$7.45M

Previous: $5.29M-240.6%
Net Income

$11.4M

Previous: $12.7M-9.9%
Operating Income

$15.4M

Previous: $21M-26.7%
Gross Profit

-$232M

Previous: -$140M-65.5%
Cash & Equivalents

$234M

Previous: $177M+32.1%
Total Assets

$951M

Previous: $894M+6.3%
Stock-Based Comp

$3.92M

Previous: $1.56M+151.9%

Revenue & EPS history

Astrana Health · Revenue · Quarterly

$270M

Q2 2022+53.6%vs Q2 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

ApolloMed is reiterating its guidance for the year ending December 31, 2022, with total revenue expected to be between $1,055.0 million and $1,085.0 million, net income between $38.0 million and $57.0 million, EBITDA between $81.0 million and $111.0 million, and Adjusted EBITDA between $136.0 million and $166.0 million.

Tailwinds

  • Total revenue between $1,055.0 million and $1,085.0 million.
  • Net income between $38.0 million and $57.0 million.
  • EBITDA between $81.0 million and $111.0 million.
  • Adjusted EBITDA between $136.0 million and $166.0 million.
  • Based on the Company’s existing business, current view of existing market conditions and assumptions

Headwinds

  • There can be no assurance that actual amounts will not be materially higher or lower than these expectations.
  • Guidance is subject to existing market conditions.
  • Guidance is based on the company's assumptions.
  • The company's forward-looking statements are subject to risks and uncertainties.
  • Actual results may vary materially from forward-looking statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

-2.1%

Avg return

5 days after

+2.1%

Avg return

30 days after

40%

23 / 57 earnings

Positive

+83.3%

Q3 2011

Best reaction

-40.5%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+29.4%+22.5%+20.6%
Q3 2025-23.4%-29.4%-33.8%
Q1 2025-11.1%-20.8%-24.5%
Q4 2024-26.8%+5.0%+16.1%
Q3 2024-21.1%-27.9%-30.4%
Q2 2024-1.4%-1.8%+0.1%
Q1 2024-0.7%+1.5%+8.0%
Q4 2023+2.3%+1.8%-1.9%
Q3 2023+9.3%+2.9%+13.4%
Q2 2023+4.2%+3.5%-17.4%
Q1 2023+5.4%+7.0%-0.8%
Q4 2022+6.9%+5.2%+15.2%
Q3 2022+8.4%+8.9%-14.5%
Q2 2022-4.3%-11.0%-29.3%
Q1 2022-0.5%-5.4%-26.4%
Q4 2021-2.0%-11.0%-7.0%
Q3 2021+14.7%+30.5%+0.8%
Q2 2021-11.8%-10.7%-12.9%
Q1 2021+4.5%+4.7%+10.9%
Q4 2020+9.1%+8.8%+8.3%
Q3 2020-1.2%-1.6%+0.5%
Q2 2020+1.8%+2.4%+7.9%
Q1 2020-10.4%-11.6%+13.1%
Q4 2019-12.9%-24.0%+7.0%
Q3 2019-2.9%-0.9%+25.0%
Q2 2019-5.0%+4.8%+31.1%
Q1 2019-1.2%-4.3%-29.7%
Q4 2018-6.4%-8.3%-6.9%
Q3 2018+26.3%+4.0%-4.6%
Q2 2018-13.7%-23.3%-32.2%
Q4 2017+10.8%-6.3%+2.1%
Q1 2018+10.8%-6.3%+2.1%
Q3 2017+3.9%+3.9%+140.0%
Q2 2017+0.0%+0.0%-10.5%
Q1 2017+0.0%+6.7%+36.7%
Q1 2016+4.0%+4.0%+0.0%
Q3 2016-4.8%
Q2 2016-12.9%
Q1 2015-6.5%
Q3 2015-3.2%
Q2 2015+0.0%
Q2 2014+15.6%
Q4 2013
Q3 2013+1.6%
Q2 2013+13.5%
Q1 2013-13.3%
Q4 2012-2.2%
Q3 2012-9.1%
Q2 2012-40.5%
Q1 2012+0.0%
Q4 2011
Q3 2011+83.3%
Q2 2011+0.5%
Q1 2011-0.5%
Q4 2010-3.9%
Q3 2010+19.0%
Q2 2010+0.0%
Q1 2010-2.1%
Q4 2009+9.9%

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