share_log

Clover Health | 8-K: Clover Health Reports Second Quarter 2024 Financial Results; Improves Full-Year Guidance on Strong Performance

Clover Health | 8-K: Clover Health Reports Second Quarter 2024 Financial Results; Improves Full-Year Guidance on Strong Performance

Clover Health | 8-K:三葉草健康公佈2024年第二季度財務業績;改善了全年強勁業績指引
美股SEC公告 ·  2024/08/06 04:12

Moomoo AI 已提取核心訊息

Clover Health achieved its first quarterly GAAP profit as a public company in Q2 2024, reporting net income of $7.2 million compared to a $28.9 million loss in Q2 2023. Insurance revenue grew 11% year-over-year to $349.9 million, driven by strong member retention. The company's Insurance MCR improved to 71.3% from 77.2% in the prior year quarter.Adjusted EBITDA increased significantly to $36.2 million from $9.9 million in Q2 2023, reflecting improved operational efficiency. The company's technology-centric approach through Clover Assistant continues to drive positive outcomes. Based on strong performance, Clover Health raised its full-year 2024 guidance, now expecting Insurance revenue of $1.35-1.375 billion and Adjusted EBITDA of $50-65 million.The company's recent Star Rating improvement to 3.5 Stars for the 2025 payment year, coupled with a healthy balance sheet position of $482.8 million in cash and investments, positions it well for continued growth and improved long-term profitability capacity.
Clover Health achieved its first quarterly GAAP profit as a public company in Q2 2024, reporting net income of $7.2 million compared to a $28.9 million loss in Q2 2023. Insurance revenue grew 11% year-over-year to $349.9 million, driven by strong member retention. The company's Insurance MCR improved to 71.3% from 77.2% in the prior year quarter.Adjusted EBITDA increased significantly to $36.2 million from $9.9 million in Q2 2023, reflecting improved operational efficiency. The company's technology-centric approach through Clover Assistant continues to drive positive outcomes. Based on strong performance, Clover Health raised its full-year 2024 guidance, now expecting Insurance revenue of $1.35-1.375 billion and Adjusted EBITDA of $50-65 million.The company's recent Star Rating improvement to 3.5 Stars for the 2025 payment year, coupled with a healthy balance sheet position of $482.8 million in cash and investments, positions it well for continued growth and improved long-term profitability capacity.
Clover Health在2024年第二季度實現了作爲上市公司的首個季度GAAP利潤,報告凈利潤爲720萬,相比於2023年第二季度的2890萬虧損。保險營業收入同比增長11%,達34990萬,得益於強勁的會員留存。公司的保險MCR從去年同期的77.2%改善至71.3%。經調整的EBITDA大幅增加至3620萬,相比2023年第二季度的990萬,反映了運營效率的提升。公司通過Clover Assistant採取的科技導向方法繼續推動積極的成果。基於強勁的表現,Clover Health提高了其2024年的全年指導,現在預計保險營業收入爲135-137.5億和經調整EBITDA爲5000-6500萬。公司最近的科創板評級提高至2025年支付年度的3.5科創板,加上48280萬的現金和投資的健康資產負債表位置,使它在持續增長和改善長期盈利能力方面處於良好位置。
Clover Health在2024年第二季度實現了作爲上市公司的首個季度GAAP利潤,報告凈利潤爲720萬,相比於2023年第二季度的2890萬虧損。保險營業收入同比增長11%,達34990萬,得益於強勁的會員留存。公司的保險MCR從去年同期的77.2%改善至71.3%。經調整的EBITDA大幅增加至3620萬,相比2023年第二季度的990萬,反映了運營效率的提升。公司通過Clover Assistant採取的科技導向方法繼續推動積極的成果。基於強勁的表現,Clover Health提高了其2024年的全年指導,現在預計保險營業收入爲135-137.5億和經調整EBITDA爲5000-6500萬。公司最近的科創板評級提高至2025年支付年度的3.5科創板,加上48280萬的現金和投資的健康資產負債表位置,使它在持續增長和改善長期盈利能力方面處於良好位置。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息