The chart below shows how NEUE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NEUE sees a -5.50% change in stock price 10 days leading up to the earnings, and a -13.40% change 10 days following the report. On the earnings day itself, the stock moves by +5.52%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record Financial Performance: Neue Health delivered its strongest financial performance to date in the third quarter, generating $9.4 million of adjusted EBITDA.
Adjusted EBITDA Profitability: For three consecutive quarters, Neue Health has driven adjusted EBITDA profitability, generating $17 million of adjusted EBITDA through the first three quarters of 2024.
Consumer Growth Achievement: This quarter, we grew the number of consumers we served across our Neue Care and Neue Solutions segments, serving approximately 509,000 consumers in total, slightly above our guidance range for the full year.
Future Growth Outlook: Overall, we believe we are well positioned to finish 2024 on a strong note, with expectations for continued success and growth in 2025.
Q3 Revenue Performance: In the third quarter, Neue Care delivered revenue of $83.9 million with medical costs and operating costs approximately in line with expectations for the quarter.
Negative
Revenue and Profitability Challenges: Nue Health's consolidated revenue for the third quarter was $232.9 million, with a gross margin of $50.2 million, indicating potential challenges in maintaining profitability.
Adjusted EBITDA Performance: Nue Health delivered adjusted EBITDA of $9.4 million in the third quarter, which, while exceeding expectations, reflects a decline compared to previous quarters.
NeuCare Revenue and Margins: The NeuCare segment generated revenue of $83.9 million, but the operating income was only $16.4 million, suggesting pressure on margins in this segment.
Operating Loss Report: Nue Solutions segment reported an operating loss of $5.8 million for the third quarter, highlighting ongoing financial struggles in this area.
Operating Cost Challenges: The company expects adjusted operating costs to be between 19% to 20%, which may indicate rising operational inefficiencies and cost management challenges.
NeueHealth, Inc. (NEUE) Q3 2024 Earnings Conference Call Transcript
NEUE.N
-1.22%