UpHealth, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
December 30, 2022 at 03:59 am IST
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UpHealth, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 38.67 million compared to USD 45.19 million a year ago. Net loss was USD 165.76 million compared to net income of USD 30.76 million a year ago. Basic loss per share from continuing operations was USD 11.17 compared to basic earnings per share from continuing operations of USD 2.61 a year ago. Diluted loss per share from continuing operations was USD 11.17 compared to diluted earnings per share from continuing operations of USD 2.6 a year ago.
For the nine months, revenue was USD 118.31 million compared to USD 89.89 million a year ago. Net loss was USD 195.65 million compared to USD 4.98 million a year ago. Basic loss per share from continuing operations was USD 13.41 compared to USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 13.41 compared to USD 0.52 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. 
