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Shares of 1Life Healthcare Inc. rallied more than 11% in the extended session Tuesday after the parent of One Medical doctors’ offices reported a jump in sales and said it had more than half a million members for the first time in its history.
1Life ONEM, +1.73% said it lost $16.4 million, or 13 cents a share, in the third quarter, compared with a loss of $15.7 million, or 82 cents a share, in the year-ago quarter. Sales rose 46% to $101.7 million, the company said.
Analysts polled by FactSet expected a GAAP loss of 22 cents a share on sales of $86.2 million.
One Medical, which charges membership fees in return for same-day appointments and other perks, said its membership count rose nearly 30, and it ended the quarter with 511,000 members.
““We are pleased to have reached new heights in performance this quarter,” Chief Executive Amir Dan Rubin said in a statement that didn’t mention the pandemic or COVID-19.
The company guided for ending the fourth quarter with between 530,000 members and 540,000 members. It called for fourth-quarter revenue between $104 million to $109 million, and an adjusted EBITDA in a range of a loss of $4 million to a positive $1 million.
For the year, it guided for revenue between $362 million and $367 million and adjusted EBITDA in a range of a loss of $29 million to a loss of $24 million.
Shares of One Medical, which went public in January, have gained 12% in the past three months, compared with gains around 6% for the S&P 500 index SPX, -0.14% in the same period.
