NASDAQ$ASTH

Astrana Health Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

ApolloMed's second quarter performance reflected sustained momentum and scalability, with revenue up 29%, net income attributable to ApolloMed up 10%, and adjusted EBITDA up 44% compared to a year ago.

Apollo Medical Holdings, Inc. reported strong second quarter results with a 29% increase in revenue and a 10% increase in net income attributable to ApolloMed. The company reiterated its full-year 2023 guidance.

  • Revenue increased by 29% compared to the previous year.
  • Net income attributable to ApolloMed increased by 10% compared to the previous year.
  • Adjusted EBITDA increased by 44% compared to the previous year.
  • The company reiterated its previously provided guidance for full-year 2023.

Headline financials

Total Revenue

$348M

Previous: $270M+29.1%
EPS (adj)

$0.29

Previous: $0.27+7.4%
Adjusted EBITDA

$44M

Previous: $36.9M+19.2%
Capital Expenditures

-$17.4M

Previous: -$18.8M+7.8%
Free Cash Flow

-$4.2M

Previous: -$7.45M+43.6%
Net Income

$13.2M

Previous: $11.4M+15.5%
Operating Income

$27M

Previous: $15.4M+75.7%
Gross Profit

-$297M

Previous: -$232M-28.0%
Cash & Equivalents

$294M

Previous: $234M+25.5%
Total Assets

$1.03B

Previous: $951M+8.0%
Stock-Based Comp

$4.21M

Previous: $3.92M+7.5%

Revenue & EPS history

Astrana Health · Revenue · Quarterly

$348M

Q2 2023+29.1%vs Q2 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

ApolloMed reiterated its full-year 2023 guidance for total revenue, net income, EBITDA, Adjusted EBITDA, and EPS - diluted, based on the Company’s existing business, current view of existing market conditions and assumptions.

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 2023

Historical avgQ2 2023

+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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