NYSE$ATIP

ATI Physical Therapy Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

ATI reported results, meeting revenue and Adjusted EBITDA guidance and completed leadership refreshment.

ATI Physical Therapy reported a net revenue of $161.8 million for Q4 2022, a 4% increase year-over-year. The company met its 2022 revenue and Adjusted EBITDA updated guidance and completed a full refresh of the corporate leadership team. However, the company experienced a net loss of $102.4 million, including non-cash impairment charges of $96.0 million.

  • Net revenue increased by 4% year over year to $161.8 million.
  • Visits per Day (VPD) increased by 8% year over year to 22,316.
  • Adjusted EBITDA was $6.4 million, with a margin of 3.9%.
  • Net loss was $(102.4) million, including impairment charges of $96.0 million.

Headline financials

Total Revenue

$162M

Previous: $156M+3.9%
EPS (adj)

-$26.50

Previous: $19.00-239.5%
Visits per Day

22.3K

No prior period
Rate per Visit

$103.99

No prior period
Capital Expenditures

$6.06M

Previous: $12.6M-51.9%
Free Cash Flow

-$12.5M

Previous: -$16M+22.1%
Net Income

-$102M

Previous: $8.74M-1272.2%
Operating Income

-$104M

Previous: -$12.1M-759.9%
Gross Profit

$19.5M

Previous: $19.9M-1.8%
Cash & Equivalents

$83.1M

Previous: $48.6M+71.0%
Total Assets

$1.08B

Previous: $1.56B-31.0%
Stock-Based Comp

$1.54M

Previous: $890K+73.5%

Revenue & EPS history

ATI · Revenue · Quarterly

$162M

Q4 2022+3.9%vs Q4 2021
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

ATI · $162M total across 2 segments · Q4 2022

  • Net Patient Revenue
    $146M
  • Other Revenue
    $15.6M

Historical earnings impact

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

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-1.1%

Avg return

Earnings day

-4.5%

Avg return

5 days after

-13.0%

Avg return

30 days after

50%

9 / 18 earnings

Positive

+50.0%

Q4 2022

Best reaction

-43.8%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.5%+0.0%-5.6%
Q3 2024-43.8%-53.5%-81.8%
Q2 2024-7.3%-4.9%-8.6%
Q1 2024+1.1%-13.0%-27.9%
Q4 2023+7.9%+2.8%-13.0%
Q3 2023+4.7%-4.5%-9.5%
Q2 2023+2.0%+15.5%+20.1%
Q1 2023-0.3%-2.3%+1.9%
Q4 2022+50.0%+36.0%+8.8%
Q3 2022-37.2%-37.4%-73.4%
Q2 2022-7.1%-15.2%-5.4%
Q1 2022+2.7%-2.1%-10.6%
Q4 2021-9.2%-8.2%-4.6%
Q4 2019-9.2%-8.2%-4.6%
Q3 2021+27.6%+29.5%+19.2%
Q2 2021-6.3%-6.6%-12.4%
Q1 2021+0.1%
Q4 2020-0.5%
Q2 2020
Q1 2020

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