ATI Physical Therapy (ATIP) Reports Q4 Revenue of $155.8 million

ATI Physical Therapy (NYSE: ATIP) reported Q4 revenue of $155.8 million versus the consensus estimate of $156.91 million.

GUIDANCE:

ATI Physical Therapy sees FY2022 revenue of $675-705 million, versus the consensus of $690.7 million.

• For the full year 2022, ATI expects net operating revenue to be in a range of $675 million to $705 million, which represents approximately 7.5% to 12.3% year over year growth. We anticipate continuing to ramp visits steadily throughout 2022 as we continue to grow clinical headcount and execute on the sales and marketing strategy put in place at the end of 2021. We expect Adjusted EBITDA1 will ramp throughout 2022 as revenue ramps, however, we expect a higher expense ratio early in 2022 as we have made the decision to hire clinicians in advance of volume improvements anticipated from our sales and marketing strategy. Adjusted EBITDA for 2022 is expected to be in a range of $25 million to $35 million.

For earnings history and earnings-related data on ATI Physical Therapy (ATIP) click here.

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