UpHealth, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:19 pm EDT
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UpHealth, 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 37.82 million compared to USD 43.67 million a year ago. Net loss was USD 19.13 million compared to USD 12.44 million a year ago. Basic loss per share from continuing operations was USD 1.05 compared to USD 0.86 a year ago. Diluted loss per share from continuing operations was USD 1.05 compared to USD 0.86 a year ago.
For the six months, revenue was USD 79.97 million compared to USD 79.64 million a year ago. Net loss was USD 27.21 million compared to USD 29.88 million a year ago. Basic loss per share from continuing operations was USD 1.6 compared to USD 2.07 a year ago. Diluted loss per share from continuing operations was USD 1.6 compared to USD 2.07 a year ago.
UpHealth, Inc. is a healthcare technology and technology-enabled service company. The Company operates through three segments: Integrated Care Management, Virtual Care Infrastructure, and Services. The Integrated Care Management segment provides guidance and tools to enhance population health through its SyntraNet platform. This platform improves overall health system performance by leveraging capabilities in data and analytics, health information exchanges, pharmacy care services, health care operations, and population health. The Virtual Care Management leverages digital health tools, technology, data, and analytics to provide telehealth solutions, which use electronic information and telecommunications technologies to support and promote long-distance clinical health care, patient and professional health-related education, and virtual care infrastructure solutions. The Services platform provides behavioral health, mental health, and pharmacy services in the United States.
UPHEALTH, INC. 
