ATI Physical Therapy, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:07 pm EDT
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ATI Physical Therapy, 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 172.34 million compared to USD 163.29 million a year ago. Net loss was USD 22.71 million compared to USD 135.55 million a year ago. Basic loss per share from continuing operations was USD 17.74 compared to USD 34.49 a year ago. Diluted loss per share from continuing operations was USD 17.74 compared to USD 34.49 a year ago.
For the six months, revenue was USD 339.27 million compared to USD 317.12 million a year ago. Net loss was USD 48.98 million compared to USD 273.3 million a year ago. Basic loss per share from continuing operations was USD 25.47 compared to USD 69.41 a year ago. Diluted loss per share from continuing operations was USD 25.47 compared to USD 69.41 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. 
