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Skylight Health Group Posts Loss In Fiscal 2020; Shares Plunge 14%
Stephanie Bedard-Chateauneuf-
April 20, 2021, 1:03 PM EDT
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Skylight Health Group shares fell more than 14% in early trading on Tuesday after the company reported fourth quarter and full-year 2020 results.
Skylight Health’s (
SHG) revenue came in at $3.2 million for 4Q 2020, compared to $3.1 million for 4Q 2019. For the full year, revenue was $13.1 million, a slight drop from $13.4 million in 2019.
Net loss for the year ended December 31, 2020 came in at $9.4 million, an improvement compared to the net loss of $11 million posted in 2019. Adjusted EBITDA was a loss of $1.8 million, versus a loss of $2.7 million in 2019. ....

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