Sonida Senior Living, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 11:00 am
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Sonida Senior Living, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 64.68 million compared to USD 60.79 million a year ago. Net loss was USD 18.41 million compared to USD 13.74 million a year ago. Basic loss per share from continuing operations was USD 2.79 compared to USD 2.34 a year ago. Diluted loss per share from continuing operations was USD 2.79 compared to USD 2.34 a year ago.
For the nine months, revenue was USD 189.6 million compared to USD 178.91 million a year ago. Net loss was USD 6.48 million compared to USD 37.83 million a year ago. Basic loss per share from continuing operations was USD 1.54 compared to USD 6.49 a year ago. Diluted loss per share from continuing operations was USD 1.54 compared to USD 6.49 a year ago.
Sonida Senior Living, Inc. is an owner-operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides resident-centric services and care as well as engaging programming operating about 72 housing communities in 18 states with an aggregate capacity of approximately 8,000 residents, including 62 communities which the Company owns and 10 communities that the Company manages on behalf of third parties. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. The Company also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services.