Sonida Senior Living, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:00 am EDT
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Sonida Senior Living, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 62.85 million compared to USD 59.64 million a year ago. Net loss was USD 12.21 million compared to USD 7.41 million a year ago. Basic loss per share from continuing operations was USD 2.11 compared to USD 1.34 a year ago. Diluted loss per share from continuing operations was USD 2.11 compared to USD 1.34 a year ago.
For the six months, revenue was USD 124.93 million compared to USD 118.12 million a year ago. Net income was USD 11.93 million compared to net loss of USD 24.09 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to basic loss per share from continuing operations of USD 4.15 a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to diluted loss per share from continuing operations of USD 4.15 a year ago.
Sonida Senior Living, Inc. operates senior housing communities in the United States in terms of resident capacity. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. It also fosters the wellness of its residents by offering access to health screenings (such as blood pressure checks), periodic special services (such as COVID-19 and influenza inoculations), dietary and similar programs, and ongoing exercise and fitness classes. It also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services, including memory care services at some communities. It operates over 71 senior housing communities in 18 states.
SONIDA SENIOR LIVING, INC. 
