Welcome to our dedicated page for Sonida Senior Living news (Ticker: SNDA), a resource for investors and traders seeking the latest updates and insights on Sonida Senior Living stock.
Sonida Senior Living Inc (SNDA) operates a national network of senior housing communities specializing in independent living, assisted care, and memory support services. This page aggregates official corporate announcements and market-relevant updates for stakeholders tracking the senior care sector.
Investors and industry observers will find curated press releases detailing financial results, community acquisitions, service enhancements, and leadership developments. Our repository ensures efficient access to SNDA's operational milestones within the competitive senior housing market.
Key content includes quarterly earnings disclosures, partnerships with healthcare providers, regulatory compliance updates, and expansions of memory care programs. All materials are sourced directly from company filings and verified channels to maintain accuracy.
Bookmark this page for streamlined monitoring of SNDA's strategic initiatives in senior living. Combine regular checks with our sector analysis tools on Stock Titan to contextualize developments within broader demographic and healthcare trends.
Sonida Senior Living, Inc. (NYSE: SNDA) announced its Q4 and full-year 2022 results, revealing significant operational improvements despite a net loss of $16.6 million.
Weighted average occupancy rose by 310 basis points year-over-year to 62 communities, while resident revenue increased by 8.1% compared to Q4 2021. Adjusted EBITDA surged by 71.3% to $4.6 million, driven by improved operations.
However, the company faced challenges, including rising expenses and a substantial net loss margin of 27.8% for the quarter. Future outlook remains cautious due to economic pressures and debt obligations.
Sonida Senior Living (NYSE: SNDA) will release its fourth quarter and full year 2022 earnings on March 30, 2023, before the market opens. A conference call to discuss the earnings will follow at 2:30 p.m. Eastern Time on the same day. Investors can access the conference call via phone at 877-407-0989 or through a webcast link provided in the press release. The company will also file its 2022 Form 10-K on March 30, 2023. Sonida operates 72 senior housing communities across 18 states, focusing on independent, assisted living, and memory care services for approximately 8,000 residents.
Sonida Senior Living reported a net loss of $13.7 million for Q3 2022, compared to a net income of $36.5 million last year. Despite challenges, the company’s weighted average occupancy improved by 230 basis points year-over-year, reaching 83.7%. Resident revenue rose 7.2% to $52.5 million, while Adjusted EBITDA increased by 41% to $4.4 million. The company faced higher operating expenses, mainly due to labor costs. The management emphasizes ongoing operational improvements and growth in revenue from enhanced team expertise.
Sonida Senior Living (NYSE: SNDA) will release its Third Quarter 2022 earnings before the market opens on November 14, 2022. A conference call to discuss the earnings will occur on the same day at 1:30 p.m. Eastern Time, with a call-in number of 877-407-0989. The call will be recorded for replay until November 29, 2022. Sonida operates 72 communities across 18 states, providing care for approximately 7,800 residents and aims to facilitate comfortable aging for seniors.
