- Practice Collections +13.7% compared to 2Q’22
- Implemented Providers +9.3% compared to 2Q’22
- Company Updated Full Year 2023 Guidance
ARLINGTON, Va., Aug. 03, 2023 (GLOBE NEWSWIRE) — Privia Health Group, Inc. (Nasdaq: PRVA) today announced financial results for the second quarter and six month periods ended June 30, 2023.
Second Quarter
Total revenue for the second quarter of 2023 was $413.4 million, compared to total revenue of $335.5 million for the prior year second quarter (+23.2%). Gross Profit for the second quarter of 2023 was $90.2 million, compared to $75.4 million for the prior year second quarter. Operating income for the second quarter of 2023 was $7.0 million, compared to operating loss of $(5.3) million for the prior year second quarter. Net income for the second quarter of 2023 was $7.3 million, or $0.06 per share, compared to net loss of $(10.5) million, or $(0.10) per share, for the second quarter of 2022. Net income for the second quarter of 2023 included $9.2 million in non-cash stock compensation expense and $1.4 million in other expenses. Net loss for the second quarter of 2022 included $18.5 million in non-cash stock compensation expense and $1.1 million in other expenses. Read More
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