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![Acadia Healthcare Company, Inc. [ACHC] reports annual net loss of $15,661,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FACHC.png&w=1200&q=75)
Acadia Healthcare Company, Inc. [ACHC] has reported a net loss of $15,661,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.9 billion
Based in FRANKLIN, Tennessee, Acadia Healthcare Company, Inc. operates in the SERVICES sector.
The annual financial report for Acadia Healthcare Company, Inc. shows a comparison of the financial performance for the years ended December 31, 2023, 2022, and 2021.
Revenue for the year ended December 31, 2023, was $2.929 billion, representing an increase from the previous year's revenue of $2.610 billion in 2022 and $2.314 billion in 2021.
The cost of goods sold and operating expenses for the year ended December 31, 2023, totaled $2.954 billion, compared to $2.236 billion in 2022 and $2.039 billion in 2021.
The net income for the year ended December 31, 2023, resulted in a loss of $15.661 million, a significant decrease from the net income of $280.033 million in 2022 and $195.562 million in 2021.
Earnings per share for the year ended December 31, 2023, were a loss of $0.24 on a basic and diluted basis, compared to earnings of $3.05 and $2.29, respectively, in 2022. The diluted earnings per share reflect a decrease from $2.98 in 2022 to a loss of $0.24 in 2023.
The weighted-average shares outstanding for the basic and diluted calculations increased slightly from 2022 to 2023, with 90.949 million shares outstanding in both categories for 2023.
Overall, Acadia Healthcare Company, Inc. faced a challenging year in 2023 with a decrease in net income and earnings per share compared to the previous year.
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