Clover Health Reports Fourth Quarter and Full Year 2023 Financial Results; Delivers Continued Momentum in Financial Performance and Provides Full-Year 2024 Guidance
Clover Health Investments, Corp. - Class A Common stock (CLOV)
Company Research
Source: GlobeNewswire
Full-year 2023 Insurance MCR improved to 81.2% and fourth quarter MCR to 82.4% Company improves full-year 2023 Net Loss by $126.2 million and full-year Adjusted EBITDA by $245.7 million year-over-year Issues 2024 guidance with Insurance MCR range of 79% - 83% and up to $20 million of Adjusted EBITDA profitability at the high end of the range FRANKLIN, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) ("Clover," "Clover Health" or the "Company"), a managed care company focused on physician enablement, today reported financial results for the fourth quarter and full year 2023. Management will host a conference call today at 5:00 p.m. ET to discuss its operating results and other business highlights. For the fourth quarter 2023, the Company reported revenue of $510.3 million and net loss of $70.5 million, with full-year revenue of $2,033.7 million and net loss of $213.4 million. Adjusted EBITDA during 2023 improved to a loss of $19.1 million
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CLOV
News
- Clover Health to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Clover Health Appoints Healthcare Technology Veteran Peter Kuipers as Chief Financial OfficerGlobeNewswire
- We Think Clover Health Investments (NASDAQ:CLOV) Needs To Drive Business Growth Carefully [Yahoo! Finance]Yahoo! Finance
- Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative Actions [Yahoo! Finance]Yahoo! Finance
- Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative ActionsGlobeNewswire
CLOV
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CLOV's page on the SEC website