UpHealth, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 21, 2024 at 08:30 pm
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UpHealth, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 17.35 million compared to USD 40.5 million a year ago. Net loss was USD 10.02 million compared to USD 27.36 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 1.82 a year ago.
For the full year, the company reported revenue was USD 130 million compared to USD 158.8 million a year ago. Net loss was USD 57.84 million compared to USD 223 million a year ago. Basic loss per share from continuing operations was USD 3.26 compared to USD 15.17 a year ago.
UpHealth, Inc. is a healthcare technology and technology-enabled service company. The Company operates through three segments: Integrated Care Management, Virtual Care Infrastructure, and Services. The Integrated Care Management segment provides guidance and tools to enhance population health through its SyntraNet platform. This platform improves overall health system performance by leveraging capabilities in data and analytics, health information exchanges, pharmacy care services, health care operations, and population health. The Virtual Care Management leverages digital health tools, technology, data, and analytics to provide telehealth solutions, which use electronic information and telecommunications technologies to support and promote long-distance clinical health care, patient and professional health-related education, and virtual care infrastructure solutions. The Services platform provides behavioral health, mental health, and pharmacy services in the United States.
UPHEALTH, INC. 
