Cano health announces financial results for the fourth quarter and full year 2021
Increases 2022 guidance for membership, total revenue and adjusted ebitda miami, march 14, 2022 /prnewswire/ -- cano health, inc. ("cano health" or the "company") (nyse: cano), a leading value-based primary care provider and population health company, today announced financial results for the fourth quarter and full year ended december 31, 2021. financial results and recent highlights fourth quarter results total membership of 227,005, including 125,999 medicare capitated members, an increase of 115% and 69%, respectively year-over-year total revenue of $492.3 million, an increase of 90% year-over-year net loss of $0.5 million, benefiting from a $58.3 million fair value adjustment to warrant liabilities adjusted ebitda(1) of $11.1 million, compared to $18.1 million for the fourth quarter of 2020 full year results total revenue of $1.6 billion, an increase of 94% year-over-year full year net loss of $116.7 million, benefiting from an $82.9 million fair value adjustment to warrant liabilities full year adjusted ebitda(1) of $27.3 million, compared to $72.8 million for the year ended december 31, 2020 as of march 11, 2022, the company had approximately 200 million shares of class a common stock and 284 million shares of class b common stock issued and outstanding.
CANO Ratings Summary
CANO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission