Convey Holding (CNVY) Misses Q4 EPS by 5c

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Convey Health Solutions Announces Fourth Quarter and Record Full Year 2021 Financial Results

March 23, 2022 4:05 PM EDT

Provides 2022 Guidance

Fourth Quarter 2021 Highlights

Net revenues of $97.3 million, up 12% compared to Q4 2020Net income of $0.4 million, compared to net income of $8.1 million in Q4 2020 which included a one-time benefit of $10.8 million due to the valuation of certain earn-out paymentsAdjusted EBITDA or AEBITDA of $19.9 million, up 3% compared to Q4 2020.  Q4 2021 included previously announced one-time implementation costs related to a new client win

Full Year 2021 Highlights

Net revenues of $337.6 million, up 19% compared to prior yearNet loss of $10.0... More