ATI Physical Therapy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:15 pm EST
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ATI Physical Therapy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 177.46 million compared to USD 156.79 million a year ago. Net loss was USD 15.2 million compared to USD 116.32 million a year ago. Basic loss per share from continuing operations was USD 4.42 compared to USD 29.76 a year ago. Diluted loss per share from continuing operations was USD 4.42 compared to USD 29.76 a year ago.
For the nine months, revenue was USD 516.72 million compared to USD 473.91 million a year ago. Net loss was USD 64.17 million compared to USD 389.61 million a year ago. Basic loss per share from continuing operations was USD 29.83 compared to USD 99.13 a year ago. Diluted loss per share from continuing operations was USD 29.83 compared to USD 99.13 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. 
