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LifeStance Reports First Quarter 2024 Results [Yahoo! Finance]

LifeStance Health Group, Inc. (LFST) 
Company Research Source: Yahoo! Finance
mental healthcare, today announced financial results for the first quarter ended March 31, 2024. (All results compared to prior-year comparative period, unless otherwise noted) Q1 2024 Highlights and FY 2024 Outlook Revenue of $300.4 million increased 19% compared to revenue of $252.6 million Clinician base increased 15% to 6,866 clinicians, a sequential net increase of 221 in the first quarter First quarter visit volumes increased 15% to 1.9 million Net loss of $21.1 million, primarily driven by stock-based compensation, compared to net loss of $34.2 million Adjusted EBITDA of positive $27.7 million compared to Adjusted EBITDA of $10.1 million For full year 2024, reiterating expectations for revenue of $1.19 billion to $1.24 billion; raising Center Margin expectations to $353 to $373 million; raising Adjusted EBITDA expectations to $88 to $98 million; and reiterating expectations for positive Free Cash Flow “I'm proud of the results achieved by our clinicians and te Show less Read more
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