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ATI Physical Therapy (ATIP)

Fortress Value Acquisition Corp. II is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Company profile

Ticker
ATIP, ATIP-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
Fortress Value Acquisition Corp. II
SEC CIK
Subsidiaries
Adient Alaska, LLC • Advanced Physical Therapy, LLC • Apple Physical Therapy, LLC • Athletic & Therapeutic Institute of Bolingbrook, LLC • Athletic & Therapeutic Institute of Bourbonnais, LLC • Athletic & Therapeutic Institute of Milwaukee, LLC • Athletic & Therapeutic Institute of Naperville, LLC • ATI Holdings • ATI Holdings, Inc. • ATI Holdings, LLC ...

ATIP stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 79.68M 79.68M 79.68M 79.68M 79.68M 79.68M
Cash burn (monthly) 5.04M 907.42K 46.62M 70.41M 40.44M 38.71M
Cash used (since last report) 14.6M 2.63M 135.06M 203.99M 117.17M 112.15M
Cash remaining 65.08M 77.05M -55.38M -124.31M -37.49M -32.47M
Runway (months of cash) 12.9 84.9 -1.2 -1.8 -0.9 -0.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Sep 22 Brent Michael Rhodes Class A common stock Payment of exercise Dispose F No No 1.15 722 830.3 82,726
16 Sep 22 Diana Chafey Class A common stock Payment of exercise Dispose F No No 1.15 1,011 1.16K 231,488
2 Sep 22 Eimile Tansey Class A Common stock Grant Acquire A No No 0 88,652 0 88,652
2 Sep 22 Eimile Tansey Stock option Class A Common stock Grant Acquire A No No 0.94 155,585 146.25K 155,585
17 Aug 22 Parisi James E. Class A common stock Grant Acquire A No No 0.96 26,000 24.96K 26,000
15.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 3 4 -25.0%
Opened positions 0 1 EXIT
Closed positions 1 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 133.77M 133.82M -0.0%
Total shares 12.6M 12.63M -0.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Fortress Acquisition Sponsor II 8.53M $91.47M 0.0%
Grandview 2.15M $23.09M 0.0%
Linden Capital 1.92M $19.21M 0.0%
Largest transactions Shares Bought/sold Change
Dynamic Advisor Solutions 0 -27K EXIT
Grandview 2.15M 0 0.0%
Linden Capital 1.92M 0 0.0%
Fortress Acquisition Sponsor II 8.53M 0 0.0%

Financial report summary

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Risks
  • Certain of our borrowings and other obligations are based upon variable rates of interest, which could result in higher expense in the event of increases in interest rates.
  • Our outstanding indebtedness and our Series A Senior Preferred Stock contains covenants that may limit certain operating and financial decisions. Non-compliance with these covenants may result in the acceleration of our indebtedness which could lead to bankruptcy, reorganization or insolvency.
  • Our ability to utilize our net operating loss carryforwards and certain other tax attributes may be limited.
  • There is currently no market for our Series I Warrants and Series II Warrants and a market for our Series I Warrants and Series II Warrants may not develop, which would adversely affect the liquidity and price of our Series I Warrants and Series II Warrants.
Management Discussion
  • Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations
  • We make statements in this discussion that are forward-looking and involve risks and uncertainties. These statements contain forward-looking information relating to the financial condition, results of operations, plans, objectives, future performance and business of the Company. The forward-looking statements are based on our current views and assumptions, and actual results could differ materially from those anticipated in such forward-looking statements due to factors including, but not limited to, those discussed under “Cautionary Note Regarding Forward-Looking Statements” and Part II, Item 1A. “Risk Factors.”
  • Many factors are beyond our control. Given these uncertainties, you should not place undue reliance on our forward-looking statements. Our forward-looking statements represent our estimates and assumptions only as of the date of this Quarterly Report. Except as required by law, we are under no obligation to update any forward-looking statement, regardless of the reason the statement may no longer be accurate.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: avoid, calendar, compliant, cyber, Delaware, dispute, Edmond, enrichment, hypothetical, impede, infrastructure, Judge, Kumar, mitigate, nontaxable, reassignment, reclassified, sought, Teresa, unasserted, unjust, vi, Vinay, waste
Removed: acted, borrowed, Congressional, contingency, holder, offering, registration, swap