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P3 Health Partners Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

PIII$3.38-20.5%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Statements of Operations (Unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
OPERATING REVENUE:
Capitated revenue$374,306$325,616$758,440$624,320
Other patient service revenue4,8513,4709,2056,843
TOTAL OPERATING REVENUE379,157329,086767,645631,163
OPERATING EXPENSE:
Medical expense365,171302,271747,228587,841
Premium deficiency reserve(3,397)(2,012)(2,397)3,128
Corporate, general and administrative expense26,61027,22354,01164,866
Sales and marketing expense4148577361,858
Depreciation and amortization21,69321,78043,23243,320
TOTAL OPERATING EXPENSE410,491350,119842,810701,013
OPERATING LOSS(31,334)(21,033)(75,165)(69,850)
OTHER INCOME (EXPENSE):
Interest expense, net(5,436)(3,851)(9,692)(7,937)
Mark-to-market of stock warrants8,673(1,731)8,889(1,082)
Other291(741)628(645)
TOTAL OTHER EXPENSE3,528(6,323)(175)(9,664)
LOSS BEFORE INCOME TAXES(27,806)(27,356)(75,340)(79,514)
PROVISION FOR INCOME TAXES(968)(226)(3,040)(516)
NET LOSS(28,774)(27,582)(78,380)(80,030)
LESS: NET LOSS ATTRIBUTABLE TO REDEEMABLE NON-CONTROLLING INTEREST(16,754)(17,766)(47,660)(61,015)
NET LOSS ATTRIBUTABLE TO CONTROLLING INTEREST$(12,020)$(9,816)$(30,720)$(19,015)
NET LOSS PER SHARE (Note 9):
Basic$(0.09)$(0.09)$(0.24)$(0.25)
Diluted$(0.15)$(0.09)$(0.30)$(0.29)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (Note 9):
Basic136,601107,454127,80674,699
Diluted141,083107,454130,047276,028
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.