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Sunday, July 3, 2022

Aveanna Healthcare Holdings Inc. (AVAH) stock plunged in the Current market; here is why?

Aveanna Healthcare Holdings Inc. (AVAH) stock declined in the current market after announcing its fourth quarter and fiscal 2021 results. AVAH’s share price is $3.89, losing more than 26% compared to yesterday’s closing price. AVAH stock closed at $5.39 at the end of the last trading session. AVAH stock volume was around 304.69K shares in the previous trading session. The current market cap of the company is about $738.52 million.

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AVAH: Q4 and Fiscal 2021 Key Financials

  • Aveanna Healthcare Holdings Inc.’s revenue in Q4 2021 was $414 million, decreasing by more than 1.9% compared to the revenue of $422.3 million in Q4 2020.
  • Fiscal 2021 revenue was $1.6 billion, 12.3% more than the revenue of $1.49 billion in fiscal 2020.
  • The company’s net loss in Q4 2021 was around $126.1 million. Net loss massively increased compared to the net income of $9.7 million in Q4 2020.
  • AVAH’s net loss in fiscal 2021 was around $117 million, and profitability declined significantly by 117.4% compared to the net loss of $57 million in fiscal 2020.
  • The Q4 2021 basic and diluted loss per share was $0.68, compared to the loss per share of $0.07 in Q4 2020.
  • For fiscal 2021, basic and diluted loss per share was $0.69, compared to $0.40 in fiscal 2020.
  • As of January 1, 2021, the company had cash and cash equivalents of $30.5 million.

AVAH CEO’s Remarks

Tony Strange, the CEO, said that despite the challenging year, we are pleased with our results in 2021. We completed our IPO, finalized three significant acquisitions, developed the firm, and implemented our strategic strategy throughout a difficult year.

Our caregivers and support personnel showed incredible compassion and persistence as we approached the year 2021. Our team’s commitment to our goal sets us distinct. The Omicron variant created difficulties for us, but we managed the damage. After acquiring Accredited Nursing Services and Comfort Care Home Health Services, we are optimistic about 2022.

AVAH 2022 Outlook

According to the company, sales will be in the $1,890 million to $1,920 million range next year. To get back to a run rate of $215 to $225 million per year in the second half of 2022, they anticipate adjusted EBITDA to be in the $190 to $205 million area in the second half 2022.


The company is looking forward to a better performance in 2022. The new acquisitions could help them in increasing its business and improving profitability. The company is currently increasing its market share, that is why revenue is growing, but profitability is severely affected.

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