{
Clover Health Investments, Corp.

Companies

}
Symbol CLOV
Name Clover Health Investments, Corp.
Currency USD
Sector Health Care
IndustryGroup Health Care Equipment & Services
Industry Health Care Providers & Services
Market NASDAQ Global Select
Country United States
State TN
City Franklin
Zipcode 37067
Website http://www.cloverhealth.com
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healthcare companies report mixed financial results in third quarter 2024
Clover Health reported Q3 2024 revenue of $331 million, up from $306 million, with adjusted EBITDA rising to $19.3 million. eHealth's revenue fell 10% to $58.4 million, while WELL Health achieved record revenue of $251.7 million, a 23% increase. DarioHealth's revenue surged 111% to $7.42 million, driven by B2B2C growth.
MobiHealthNews
Clover Health Investments, Corp. eHealth, Inc. WELL Health Technologies Corp. DarioHealth Corp. USA CAN Andrew Toy Fran Soistman Hamed Shahbazi Erez Raphaeli Show more
Healthcare, Market Report
21:20 08.11.2024
Clover Health reports narrowed losses but revenue falls short of expectations
Clover Health Investments reported third-quarter 2024 results with revenues of $331.0 million, down 31% from the previous year, while net loss narrowed to $8.79 million, resulting in a loss per share of $0.018. Revenue fell short of analyst estimates by 4.4%, but EPS exceeded expectations by 54%. Looking ahead, revenue is projected to grow at an average of 4.1% annually over the next three years, lagging behind the 6.6% growth forecast for the US healthcare industry.
Yahoo Finance
United States Dollar Clover Health Investments, Corp. USA
Finance & Economy, Market Report
09:00 08.11.2024
Clover Health Reports Improved Financial Performance and Adjusted EBITDA Growth
Clover Health Investments Corp (CLOV) reported a Q3 2024 GAAP net loss of $9 million, an improvement of $25 million year-over-year, while adjusted EBITDA rose to $19 million from $3 million. The company reaffirmed its full-year insurance revenue guidance between $1.35 billion and $1.375 billion and increased adjusted EBITDA guidance to $55 million to $65 million. Clover's strong performance is attributed to effective medical expense management and the Clover Assistant technology, despite facing market volatility and a final payment of $39 million related to its 2023 ACO Reach participation.
Yahoo Finance
United States Dollar Clover Health Investments, Corp. USA Clover Health
Finance & Economy, Transcript
22:01 07.11.2024
Clover Health reports significant net income growth and plans for expansion
Clover Health reported a net loss of $8.8 million for the third quarter, marking a 73.8% improvement from the previous year. The company is optimistic about growth, leveraging its AI assistant platform and strong star ratings to enhance membership and market share. Clover anticipates a medical cost ratio of 76-77% and adjusted EBITDA of at least $55 million for the year.
Fierce Healthcare
Clover Health Investments, Corp. USA Andrew Toy Peter Kuipers
Healthcare, Market Report
23:51 06.11.2024
clover health reports strong q3 2024 results and raises guidance
Clover Health reported strong Q3 2024 results, with insurance revenue rising 7% year-over-year to $322.6 million and a year-to-date increase of 9% to $1.0 billion. The company significantly reduced its GAAP net loss to $8.8 million from $33.6 million in Q3 2023, while Adjusted EBITDA surged to $19.3 million from $2.7 million. Following this performance, Clover Health raised its full-year 2024 Adjusted EBITDA guidance to $55-65 million.
@StockTitan_net
United States Dollar Clover Health Investments, Corp. USA
Finance & Economy, Press Release
22:09 06.11.2024
Clover Health Investments faces cash burn risks amid rapid growth and losses
Clover Health Investments (NASDAQ:CLOV) has seen its share price surge by 330% over the past year, despite a significant cash burn of $178 million and a 15% drop in operating revenue. With $379 million in cash and no debt, the company has a cash runway of approximately 2.1 years, raising concerns about its growth trajectory and ability to raise additional funds for expansion.
@YahooFinance
United States Dollar Clover Health Investments, Corp. USA
Finance & Economy, Market Report
15:07 27.10.2024
industry leaders appointed in healthcare sector reshaping executive teams
OMNY Health has appointed Ivy Weng as chief commercial officer to enhance its market presence in life sciences and AI. Cityblock Health welcomes Michael Roaldi as president, while Counterpart Health names David Tsay, M.D., Ph.D., as chief medical officer to advance its clinical strategy. Other notable appointments include Ashish Pagey at ShiftKey and new executives at Ada Health.
Fierce Healthcare
Apple Inc. UnitedHealth Group Incorporated New York-Presbyterian Fund Inc. Clover Health Investments, Corp. Ivy Weng Michael Roaldi David Tsay Patrick Wetherille Jacob Plummer Show more
Healthcare, Press Release
17:00 14.10.2024
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