NYSE$CTEV
Claritev Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
MultiPlan's financial performance improved with revenue and net income growth.
MultiPlan reported a 5.0% increase in revenues, reaching $290.1 million, and a net income of $13.5 million for Q2 2022, compared to a net loss in Q2 2021. The company also saw growth in adjusted EBITDA and free cash flow.
- Revenues increased by 5.0% to $290.1 million compared to Q2 2021.
- Net income was $13.5 million, a significant improvement from the net loss of $46.9 million in Q2 2021.
- Adjusted EBITDA rose by 2.1% to $209.6 million year-over-year.
- Free cash flow increased to $21.8 million from $14.8 million in the prior year.
Headline financials
Revenue & EPS history
Multiplan · Revenue · Quarterly
$290M
Forward guidance
The Company is maintaining its Full Year 2022 guidance.
Tailwinds
- Revenues: $1,160 million to $1,200 million
- Adjusted EBITDA: $850 million to $875 million
- Cash flow from operations: $380 million to $420 million
- Capital expenditures: $90 million to $100 million
- Effective tax rate: 25% to 28%
Headwinds
- Interest expense: $280 million to $290 million
- Depreciation: $65 million to $70 million
- Amortization of intangible assets: $335 million to $345 million
- COVID-related revenue impact of approximately $15-20 million
- COVID-related Adjusted EBITDA impact of approximately $12-16 million
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
-6.5%
Avg return
Earnings day
-5.1%
Avg return
5 days after
-3.8%
Avg return
30 days after
36%
9 / 25 earnings
Positive
+20.8%
Q1 2021
Best reaction
-32.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.8% | +7.7% | -2.6% | |
| Q4 2025 | -31.8% | -42.0% | -31.4% | |
| Q3 2025 | +11.8% | -5.4% | -45.2% | |
| Q1 2025 | +4.2% | +7.5% | +95.1% | |
| Q4 2024 | -32.8% | -28.1% | -24.8% | |
| Q3 2024 | -6.5% | -3.4% | -22.6% | |
| Q2 2024 | -23.9% | -10.2% | -47.8% | |
| Q1 2024 | +10.9% | -1.5% | -36.6% | |
| Q4 2023 | -0.9% | -13.4% | -27.6% | |
| Q3 2023 | -6.5% | -9.7% | -14.3% | |
| Q2 2023 | -8.9% | -14.0% | -17.8% | |
| Q1 2023 | -5.4% | +21.0% | +97.6% | |
| Q4 2022 | -10.2% | +10.0% | +6.0% | |
| Q3 2022 | -27.8% | -18.3% | -31.1% | |
| Q2 2022 | -12.4% | -13.4% | -33.1% | |
| Q1 2022 | +1.0% | +18.4% | +27.4% | |
| Q4 2021 | -8.0% | -18.9% | -14.4% | |
| Q3 2021 | +0.2% | -11.0% | -4.3% | |
| Q2 2021 | -6.2% | -10.5% | -20.6% | |
| Q1 2021 | +20.8% | +27.0% | +45.5% | |
| Q2 2020 | +0.5% | -0.2% | +1.9% | |
| Q4 2020 | -18.6% | -20.3% | -19.7% | |
| Q3 2020 | -4.6% | +0.7% | +20.8% | |
| Q1 2020 | +0.5% | +0.7% | +2.3% | |
| Q4 2019 | +0.5% | +0.7% | +2.3% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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