MSP Recovery, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:06 am
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MSP Recovery, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 8.32 million compared to USD 2.49 million a year ago. Net loss was USD 0.463 million compared to USD 10.28 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the nine months, revenue was USD 21.79 million compared to USD 9.28 million a year ago. Net loss was USD 1.75 million compared to USD 23.43 million a year ago. Basic loss per share from continuing operations was USD 0.03.
MSP Recovery, Inc. doing business as, LifeWallet, healthcare recovery and data analytics company. The Company is a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery specialist. It is engaged in disrupting the antiquated healthcare reimbursement system, using data and analytics to identify and recover improper payments made by Medicare, Medicaid, and commercial health insurers. It analyzes historical medical claims data to identify recoverable opportunities. The Company has developed over 1,400 algorithms, which help identify waste, fraud and abuse in the Medicare, Medicaid, and commercial health insurance segments. LifeWallet solutions include LifeWallet Health, LifeWallet Legal, LifeWallet Sports, LifeWallet EDU, and LifeChain. It provides services to other parties in identifying recoverable claims as well as provides data matching and legal services. LifeWallet provides solutions for multiple industries, including healthcare, legal, education, and sports NIL.
MSP RECOVERY, INC. 
