Privia Health Group (PRVA) reported earnings on Mon 8 Nov 21 (b/o)

Sector(s): Healthcare

Industry: Health Information Services
Full Time Employees: 559
http://www.priviahealth.com
IPO: Thur Apr 29, 21

• Total revenue for the quarter grew ~21.4% YoY to reach $251.5M, with Practice Collections rising ~18.1% YoY to $401.5M.

• However, the company reported a net loss of $9.1M compared to ~$16.7M of net income in the previous year as general and administrative expenses more than trebled to $33.9M.

• “We expect to accelerate top-line growth and continue to expand our profit margin as we execute on our multiple market opportunities in the coming year,” CEO Shawn Morris remarked, noting a ~31.5% YoY increase in care margin and ~51.9% YoY rise in adj. EBITDA.

• For 2021, the company has raised its guidance with newly projected GAAP revenue standing at $900M – $920M, well ahead of $876.8M in the consensus.

Earnings this week : Nov. 8 - 12, 2021 (wk 45)

Monday (Nov 8)

• Morning:  BKI IMOS COTY EDIT EHTH XPRO GTES HLIO VAC PRVA RDNT RETA TTD TSEM THS TSE USFD VTRS WOW
• Afternoon: ACAD AEIS AEL AMC AMRS ATCO BAND BEKE BLDP CBT CSII CXW DDD DOOR ENV FIVN FRPT IFF IPAR JKHY LFST MRC MRTX MWA NCMI NEWR NEX NHI NVRO NVTA OSH PRA PRAA PRI PRIM PYPL RBLX REAL SANM SDC SPCE SQSP SWAV TME TPIC TREX TRIP TWO VUZI WPRT ZNGA

Tuesday (Nov 9)

• Morning: ADT ATC BSY BHVN BNTX CAH CEVA ECOM DHI EBIX ECVT EPZM FSS HAE HAIN HGV HUYA IIVI IGT ITCI MLCO MIDD MNTV MSGE NOVT PLTR PRPL SEAS STWD SYY TGI TUFN VCEL VSAT WNC WRK WKHS
• Afternoon:  AKA AMK AMPL ARLO ASH CARG CCXI CERT COIN DAR DASH DNUT DOCS DV ELY EPAY EVBG FGEN FLGT FLYW FUBO G GLBE GO GOCO HCAT INO JAZZ LGND LPRO MCFE MODN MSGS NARI NIO NSTG NUVA OLO ONTF PAAS POSH PUBM PYCR RNG RPAY SAIL SCSC SEER SGMS SILK STEP TOST TPTX TTEC TWNK TWOU U UPST VRM VZIO WES WYNN

Wednesday (Nov 10)

• Morning:  ADNT AER APG DFH ENR EYE FLOW FOUR FVRR GIB IS KELYA KRNT ME MNDY PFGC PRGO SHC SHCR VERX WEN WWW
• Afternoon:  AFRM AMWL APP ATO BMBL BRKS BROS BYND BZH CCMP COMP CRCT DIBS DIS DUOL ENS FICO FIGS GDRX HIMS HNST KGC LZ MAX MQ MRVI MSP OPEN ROOT RRGB SDGR SOFI SPTN TASK ULCC WISH ZIP

Thursday (Nov 11)

• Morning: AZUL CAE CELH EPC GRWG MT NICE OGN PGTI SBH STNG THRY TPR UTZ WB WIX YETI
• Afternoon:  AQN ARRY BLNK CPNG FLO GAN JAMF RIDE PAGS PVG SNDL 

Friday (Nov 12)  

• Morning:  AZN CGEN ROLL SPB WRBY

 

Earnings spotlight: 

Monday, November 8: US Foods (NYSE:USFD), Tencent Music (NYSE:TME), AMC Entertainment (NYSE:AMC), 3D Systems (NYSE:DDD), Virgin Galactic (NYSE:SPCE) and PayPal (NASDAQ:PYPL).

Tuesday, November 9: Cardinal Health (NYSE:CAH), Sysco (NYSE:SYY), Nio (NYSE:NIO), Coinbase Global (COIN), Wynn Resorts (NASDAQ:WYNN) and ChannelAdvisor (NYSE:ECOM).

Wednesday, November 10: Performance Food Group (NYSE:PFGC), Wendy's (NASDAQ:WEN), Fiverr International (NYSE:FVRR), Weber (NYSE:WEBR), Disney (DIS), Affirm Holdings (NASDAQ:AFRM), Opendoor Technologies (NASDAQ:OPEN) and Beyond Meat (NASDAQ:BYND).

Thursday, November 11: Alibaba (NYSE:BABA), Li Auto (NASDAQ:LI), Coupang (NYSE:CPNG), Yeti (NYSE:YETI) and Pinduoduo (NASDAQ:PDD).

Friday, November 12: AstraZeneca (NASDAQ:AZN) and Spectrum Brands (NYSE:SPB).