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CTEV $23.72 +11.31%
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CTEV · Claritev Corp
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$23.72 +2.41 (+11.31%) At close · Oct 2
Market Cap
$363.18M
Shares
16.95M
Volume · Oct 2 228.9K Avg daily vol (3M) 129.71K
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Earnings call · FY2023 Q2

Claritev Corp (CTEV) Q2 2023 Earnings Call

Concluded Aug 2, 2023
Aug 2, 2023 0 turns
Period
FY2023 Q2
Runtime
—
Sources
2 artifacts

Executive readout · one minute

Webcast research workspace

Read the call alongside every captured source. 8-K earnings release, 10-Q stay in one workspace.

Forward guidance

9 guided metrics

Management's latest ranges and targets are included below.

Research coverage

2 live sources

Open each available source without leaving this research workspace.

Revenue $237.99M -18% YoY
Diluted EPS -$2.40 -400% YoY
Net income -$36.37M -369.2% YoY

Research materials

Open the source you need; every reader stays inside this workspace.

Forward guidance

From the 8-K filed Aug 2, 2023.

Metric Guided Actual
Revenues table Initiated
Updated FY 2023 Guidance (includes BST)
$950M – $980M $961.52M within
Interest expense table Initiated
Updated FY 2023 Guidance (includes BST)
$325M – $335M —
Cash flow from operations table Initiated
Updated FY 2023 Guidance (includes BST)
$160M – $190M —
Capital expenditures table Initiated
Updated FY 2023 Guidance (includes BST)
$110M – $120M —
Depreciation table Initiated
Updated FY 2023 Guidance (includes BST)
$70M – $75M —
Amortization of intangible assets table Initiated
Updated FY 2023 Guidance (includes BST)
$340M – $345M —
Revenues Initiated
Q3 2023
$235M – $250M $242.8M within
Effective tax rate table Initiated
Updated FY 2023 Guidance (includes BST)
25% – 28% —
Adjusted EBITDA Initiated
Q3 2023
$150M – $160M —

Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Analytic Based Services$151.44M -21.7% YoY
Network Services$57.15M -9.9% YoY
Payment and Revenue Integrity Services$29.40M -12% YoY

Capital returned

Buybacks · derived
$7.42M
Shares repurchased
7.12M
Full-screen source Call document