Agilon: Fourth Quarter Financial Results Overview

Agilon Health Reports Fourth Quarter Financial Results

Agilon Health Inc., based in Westerville, Ohio, announced on Wednesday that it recorded a net loss of $188.9 million for the fourth quarter.

This translates to a loss of 46 cents per share for the quarter.

The company’s performance did not meet analysts’ expectations, as the consensus among five analysts surveyed by Zacks Investment Research had predicted a loss of 27 cents per share.

Despite the larger-than-expected loss, Agilon Health generated $1.57 billion in revenue during the quarter, surpassing the $1.46 billion forecasted by analysts.

Looking at the full year, Agilon Health’s net loss increased to $391.3 million, or 95 cents per share, while total revenue reached $5.93 billion.

For the first quarter ending in March, the company anticipates revenue between $1.35 billion and $1.39 billion.

Agilon Health projects its annual revenue for the current year to fall within the range of $5.41 billion to $5.58 billion.

At the close of trading on Wednesday, shares of Agilon Health were priced at 50 cents, compared to $3.63 at the same time last year.