Assure Holdings Reports Second Quarter 2023 Financial Results
DENVER, Aug. 15, 2023 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, today reported financial results for the second quarter and year-to-date periods ended June 30, 2023.Key Financial Highlights (in thousands of USD)
2Q 2023
2Q 2022
YTD through Q2 2023
YTD through Q2 2022Gross Revenue
$
4,006
$
9,209
$
8,796
$
18,345
Accounts Receivable Reserve
(2,463
)
(7,564
)
(3,701
)
(11,999
)Revenue, net
1,543
1,645
5,095
6,346
Gross margin
(1,859
)
(2,357
)
(1,680
)
(1,533
)Total Operating Expenses
3,605
4,094
7,128
8,845
Net loss
(5,262
)
(4,726
)
(9,576
)
(7,185
)Adjusted EBITDA*
(4,880
)
(5,912
)
(7,967
)
(7,573
)*See Explanation...
