P3 Health Partners rise on upbeat FY24 revenue forecast

P3 Health Partners

10/01/2024 12:11

** Shares of health management company P3 Health Partners
 PIII.O  rise 8.9% to $1.5 premarket
    ** Company expects FY24 revenue to be in the range of $1.45
bln to $1.55 bln, above LSEG est. of $1.42 bln as well as higher
than the $1.2 bln to $1.25 bln forecast for full-year 2023
    ** PIII says it expects to "achieve meaningful profitability
in 2024"; sees FY24 adjusted EBITDA to be between $20 mln and
$40 mln
    ** Expects to post core loss of $30 mln to $50 mln for FY23
    ** Stock was down 23.4% in 2023
    

 (Reporting by Sneha  S K)
 ((Sneha.SK@thomsonreuters.com;))