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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 · FY2024 Q1

Claritev Corp (CTEV) Q1 2024 Earnings Call

Concluded May 8, 2024
May 8, 2024 0 turns
Period
FY2024 Q1
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

10 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 $234.51M -0.9% YoY
Diluted EPS -$33.40
Net income -$539.69M -258324.4% YoY

Research materials

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Forward guidance

From the 8-K filed May 8, 2024.

Metric Guided Actual
Revenues table Initiated
FY 2024
$1B – $1.03B $930.62M below
Adjusted EBITDA table Initiated
FY 2024
$630M – $650M —
Interest expense table Maintained
FY 2024
$320M – $330M —
Cash flow from operations table Maintained
FY 2024
$170M – $200M —
Capital expenditures table Maintained
FY 2024
$120M – $130M —
Depreciation table Maintained
FY 2024
$80M – $90M —
Amortization of intangible assets table Maintained
FY 2024
$345M – $350M —
Effective tax rate table Maintained
FY 2024
25% – 28% —
Revenues Initiated
Q2 2024
$235M – $250M $233.48M below
Adjusted EBITDA Initiated
Q2 2024
$145M – $160M —

Quarter detail

How the reported period landed and where the business moved.

Result vs. guidance

Revenue Below

Revenue · products & services

Analytic Based Services$160.09M
Network Services$46.16M
Payment and Revenue Integrity Services$28.26M

Capital returned

Buybacks
$10.37M
Full-screen source Call document