India, March 18 -- CareMax Inc. (CMAX), a value-based care delivery system, reported Monday that its fourth-quarter net loss was $465.77 million, compared to net income of $10.43 million last year.
Basic loss per share was $124.53, compared to profit of $3.10 last year. The per share amounts have been restated to reflect the 1-for-30 reverse stock split that the company completed on January 31, 2024.
The latest results included $369.2 million of non-cash goodwill impairment.
Adjusted EBITDA was a loss of $71.8 million, compared to profit of $4.5 million last year.
Total revenue was $151.84 million, down 8 percent from last year's $164.26 million.
Analysts on average expected the company to report loss of $4.73 per share on sales of $19...