1life Healthcare Inc. (One Medical) recorded net revenues of $101.7 million in Q3 2020, a 46% rise year over year, according to the company’s press release. Ending membership hit a new high of 511,000, up 29% year over year. The company attributes the quarter performance to its human-centered and technologically driven model of delivering impacts to diverse stakeholders.
- Q4 2020 Guidance
- Ending membership count to range between 530,000 and 540,000
- Total net revenue to range between $104 million and $109 million
- Care margin to range between $37 million and $42 million
- Adjusted EBITDA to range between ($4) million and $1 million
- FY2020 Guidance
- Total net revenue to range between $362 million and $367 million
- Care margin to range between $132 million and $137 million
- Adjusted EBITDA to range between a loss of $29 million and a loss of $24 million
- Q3 Highlights
- Care margin was $42.9 million, representing 42% of total net revenue
- Loss from operations was $10.8 million, representing 11% of total net revenue.
- Adjusted EBITDA was $3.5 million, or 3% of total net revenue
- The company’s net loss was $16.4 million, or 16% of total net revenue
- Cash and short-term marketable securities were $682.3 million
One Medical stock is currently gaining. ONEM: NASDAQ is up on premarket 7.84%
