ATI Physical Therapy, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 26, 2024 at 04:10 pm EST
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ATI Physical Therapy, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 182.29 million compared to USD 161.76 million a year ago. Net loss was USD 5.62 million compared to USD 102.77 million a year ago. Basic loss per share from continuing operations was USD 2.15 compared to USD 26.5 a year ago. Diluted loss per share from continuing operations was USD 2.15 compared to USD 26.5 a year ago.
For the full year, revenue was USD 699.02 million compared to USD 635.67 million a year ago. Net loss was USD 69.8 million compared to USD 492.38 million a year ago. Basic loss per share from continuing operations was USD 31.93 compared to USD 125.59 a year ago. Diluted loss per share from continuing operations was USD 31.93 compared to USD 125.59 a year ago.
ATI Physical Therapy, Inc. is a healthcare company. The Company is an outpatient physical therapy provider in the United States. The Company specializes in outpatient rehabilitation and adjacent healthcare services, with 896 clinics located in 24 states. It offers a variety of services within its clinics, including physical therapy to treat spine, shoulder, knee and neck injuries or pain; work injury rehabilitation services, including work conditioning and work hardening; hand therapy, and other specialized treatment services. It provides services through its ATI Worksite Solutions (AWS) program, Management Service Agreements (MSA), and Sports Medicine arrangements. Its AWS is an on-site service that provides customized cost-saving injury prevention programs, work-related injury assessment services, wellness offerings and consultations for employers. Its MSA arrangements provide management and physical therapy-related services to physician-owned physical therapy clinics.
ATI PHYSICAL THERAPY, INC. 
