NYSE$ATIP
ATI Physical Therapy Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
ATI Physical Therapy's Q4 2023 financial results were reported, showing revenue growth and improved profitability.
ATI Physical Therapy reported a net revenue of $182.3 million for Q4 2023, a 12.7% increase year-over-year. The company's net loss was $4.5 million, a significant improvement compared to the $102.4 million loss in Q4 2022. Adjusted EBITDA increased to $12.7 million, with a margin of 7.0%.
- Net revenue increased by 12.7% year-over-year to $182.3 million, driven by patient access and strong demand.
- Visits per Day (VPD) rose by 8.6% year-over-year to 24,238, attributed to increased capacity and higher productivity.
- Net loss improved significantly to $4.5 million, compared to a $102.4 million loss in the same quarter of the previous year.
- Adjusted EBITDA increased to $12.7 million, reflecting higher revenue and lower provision for doubtful accounts.
Headline financials
Revenue & EPS history
ATI · Revenue · Quarterly
$182M
Revenue by segment
ATI · $177M total across 2 segments · Q3 2023
- Net Patient Revenue$162M+14.0%91.4%
- Other Revenue$15.2M+5.0%8.6%
Forward guidance
The initiatives to advance operational efficiency and profitability generated solid progression in financial results in 2023, and that momentum is carrying into 2024.
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 2023
-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
| Quarter | Report date | Reaction (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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