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Stock impact report

LifeStance Reports Third Quarter 2022 Results

LifeStance Health Group, Inc. (LFST) 
Company Research Source: GlobeNewswire
SCOTTSDALE, Ariz., Nov. 08, 2022 (GLOBE NEWSWIRE) -- LifeStance Health Group, Inc. (NASDAQ: LFST), one of the nation’s largest providers of outpatient mental healthcare, today announced financial results for the quarter ended September 30, 2022. (All results compared to prior-year comparative period, unless otherwise noted) Q3 2022 Highlights and FY 2022 Outlook Revenue of $217.6 million increased $43.8 million or 25% compared to revenue of $173.8 millionTotal clinicians of 5,431 up 24%, a net increase of 205 in the third quarterNet loss of $37.9 million compared to net loss of $120.5 million, primarily driven by stock-based compensation expense of $34.9 millionAdjusted EBITDA of positive $15.4 million compared to Adjusted EBITDA of positive $10.7 millionExpecting full year 2022 revenue of $845 to $850 million, Center Margin of $229 to $232 million, and Adjusted EBITDA of $50 to $53 million, due to lower than expected visit volume and higher than expected costs associated with th Show less Read more
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