MultiPlan Reports Fourth Quarter and Full Year 2020 Results
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MultiPlan Corp. (MPLN) Reports Q4 Revenues Beat
March 10, 2021 6:03 AM ESTMultiPlan Corp. (NYSE: MPLN) reported Q4 revenue for the quarter came in at $255.3 million versus the consensus estimate of $242.63 million.
Business and Financial Highlights
Outperformed initial management expectations from COVID-19 impact with revenues of $255.3 million for Q4 2020, up from $223.5 million for Q3 2020, reflecting a 14.2% quarter-over-quarter increase, and an increase of 3.6% over Q4 2019 revenues of $246.4 million.Net loss of $182.4 million for Q4 of 2020 compared to net loss of $288.4 million for Q3 2020. The reduction in loss was principally due to increased revenues of $31.8 million and reduced stock-based compensation costs of $155.9 million, net of... More