Sharecare Inc slips on weak Q4 sales, forecast

Sharecare

31/03/2022 13:54

** Digital health company's shares  SHCR.O  down ~16% at
$2.78 premarket on downbeat Q4 revenue, co forecasts bleak Q1
    ** Sharecare, which was taken public last year by a
blank-check acquisition firm backed by veteran investment banker
Alan Mnuchin, posts Q4 revenue of $118.5 mln vs. estimates of
$121.5 mln  urn:newsml:reuters.com:*:nPn87VKl5a
    ** SHCR also posts a $2.4 mln decrease in Q4 adj. earnings
before interest, taxes, depreciation and amortization (EBITDA)
due to higher investment on technology, sales force expansion
    ** Co sees Q1 revenue between $95 mln to $98 mln vs. 
estimates of $122.4 mln
    ** Up to Wednesday's close, SHCR down ~27% YTD

 (Reporting by Aishwarya Venugopal in Bengaluru)
 ((Aishwarya.Venugopal@thomsonreuters.com; within U.S.
+1-646-223-8780; outside U.S. +91 80 6749 2830;))