Agiliti posts 23.8% YoY revenue growth - healthcare equipment management expertise in high demand.
$AGTI reports Q1 2023 revenue growth of 1.16% reaching $299.9 million, reaffirms outlook for 2023 despite economic challenges faced by customers
Agiliti Inc. has reported Q1 2023 revenue of $299.9m, up from $294.4m in Q1 2022, despite economic challenges. The company has reaffirmed its 2023 outlook, while cautioning risks such as net losses, interest expense, equipment recalls, and vendor cost increases. Agiliti's use of non-GAAP information, including EBITDA and Adjusted EBITDA, assists in operational performance comparisons albeit incomparable to similarly titled measures of other firms. Investors can access a conference call to discuss financial results, but a GAAP net income reconciliation has not yet been provided.