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LifeWallet's Proprietary Data System is Instrumental in Class Certification Against USAA Property and Casualty Insurance Company
GlobeNewswire News Room· 2024-06-11 05:03
CORAL GABLES, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and Secondary Payer1 reimbursement recovery and technology leader, today announced the Eleventh Judicial Circuit Court of Florida entered an order memorializing its class certification2 in a case against USAA Casualty Insurance Company and USAA General Indemnity Company (collectively “USAA”), utilizing LifeWallet’s proprietary data analy ...
MSP Recovery(LIFW) - 2024 Q1 - Earnings Call Transcript
2024-05-18 13:47
财务数据和关键指标变化 - 公司总资产为30亿美元,主要由30亿美元的无形资产构成,这些资产按成本计价并在8年内摊销 [14] - 公司负债总额为18亿美元,其中8300万美元为流动负债,主要包括应付股票和关联方应付款 [15] - 公司第一季度实现索赔回收收入600万美元,高于2023年同期的350万美元 [16] - 公司报告经营亏损1.3亿美元,其中93%为非现金项目,主要是1.21亿美元的索赔摊销费用 [16] - 调整后的经营亏损870万美元,调整后净亏损850万美元,剔除了非现金项目的影响 [17] 各条业务线数据和关键指标变化 - 公司未具体披露各业务线的数据和指标变化情况 各个市场数据和关键指标变化 - 公司未具体披露各市场的数据和指标变化情况 公司战略和发展方向及行业竞争 - 公司通过与28家财产和意外险公司达成和解,建立了未来协作解决索赔的机制 [8][9][10] - 公司正在与其他财产和意外险公司进行和解谈判,以期建立类似的合作框架 [12] - 公司希望通过这些和解建立多元化和可预测的收入来源 [12] 管理层对经营环境和未来前景的评论 - 公司管理层对公司的未来前景表示信心,认为公司有足够的流动性满足未来12个月的现金需求 [18] 问答环节重要的提问和回答 - 本次会议上没有提问和回答环节
LifeWallet Announces First Quarter 2024 Financial Results
Newsfilter· 2024-05-16 07:45
CORAL GABLES, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ:LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the quarter ended March 31, 2024. LifeWallet will host a conference call and live webcast to review the Company's first quarter 2024 results for investors and analysts at 8:30 a.m. Eastern Time on Thursday, May 16, 2024. To access this c ...
LifeWallet Announces First Quarter 2024 Financial Results
globenewswire.com· 2024-05-16 07:45
CORAL GABLES, Fla., May 15, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ: LIFW) ("LifeWallet," or the "Company"), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, today announced financial results for the quarter ended March 31, 2024. LifeWallet will host a conference call and live webcast to review the Company’s first quarter 2024 results for investors and analysts at 8:30 a.m. Eastern Time on Thursday, May 16, 2024. To access this ...
MSP Recovery(LIFW) - 2024 Q1 - Quarterly Report
2024-05-16 04:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 (State or other jurisdiction ...
LifeWallet Announces a Comprehensive Settlement with 10 Affiliated Property & Casualty Insurers, Doing Business in 15 States
Newsfilter· 2024-04-19 06:06
CORAL GABLES, Fla., April 18, 2024 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. d/b/a LifeWallet (NASDAQ:LIFW) ("LifeWallet" or "the Company") announces another comprehensive settlement with 10 affiliated property and casualty insurers ("P&C Insurers") that write personal lines of P&C insurance in 15 states. In addition to settling existing claims, the settlement establishes a going-forward process to collaboratively and timely resolve future claims, as well as share important historical data that is expected to ...
MSP Recovery(LIFW) - 2023 Q4 - Annual Report
2024-04-13 08:03
公司业务 - 公司是一家领先的医疗保健回收和数据分析公司,专注于医疗保险领域,通过数据和分析识别和追回由医疗保险支付的不当费用[1] - 公司的潜在服务市场估计每年超过1500亿美元,主要关注医疗保险和医疗补助市场领域[2] - 公司的当前索赔组合规模显著增长,截至2023年12月31日,公司拥有约1,544亿美元的账单金额(约370亿美元的实际支付金额),其中包含约889亿美元的潜在可追回索赔的实际支付价值[1] 财务状况 - 公司自成立以来一直遭受巨额净亏损,截至2023年12月31日,现金及现金等价物为1160万美元[2] - 公司的主要流动性需求包括营运资金、债务服务和索赔融资义务[2] - 公司通过工作资本信贷设施和Yorkville SEPA等措施解决了流动性问题[1] - 公司的投资组合渗透率在2023年达到86.8%[1] 融资与合作 - 公司与Virage达成协议,发行VRM Warrants,允许Virage购买28298329股A类普通股[1] - 公司与Nomura签订Amended and Restated Nomura Promissory Note,将本金增加至约2900万美元,利率为16%[3] - 公司向Cano Health发行7960001股A类普通股,作为6100万美元的递延薪酬支付[4] - 公司与Yorkville签订协议,Yorkville同意购买最多10亿美元的A类普通股,公司发行Convertible Notes给Yorkville,最低转换价格为1美元[5] - 公司与Yorkville达成协议,降低Convertible Notes的最低价格至1美元,延长到2025年,Yorkville同意在需要时提供额外1300万美元的资金[6] 财务指标 - 公司的潜在收回倍数指标在2023年为N/A,无法计算[2] - 公司的投资组合渗透率指标提供了对公司收回努力的衡量,预计随着公司对更多主要支付方进行收回努力,这一数字将增加[3] - 公司的收回倍数指标是衡量公司收回索赔权利能力的重要指标[3] - 公司通过数据分析识别潜在可收回索赔,管理层认为这是潜在收入的有用指标[3] - 公司的潜在收回索赔的已支付价值和已开票价值是管理层用来评估业绩的关键指标[3] 财务报表 - 公司的综合收入(亏损)没有其他全面收入(亏损)组成部分[1] - 公司认为“调整后的净亏损”和“调整后的营业亏损”是非GAAP财务指标,用于评估业绩和为管理和投资者提供有用的度量标准[2] - 公司在2023年,收入为负8千美元,亏损为2,038万美元[1] 其他合作与协议 - 公司与28家财产和意外险公司达成了综合性和解协议,其中包括提供历史数据、未来索赔数据共享、现金支付等条款[4] - 公司与Prudent集团签订了Assignment and Sale of Proceeds Agreement,以便将公司在向承认对联邦政府承担主要支付责任的保险公司发送索赔需求信中的净收益权价值最高2500万美元的部分进行货币化[3]
MSP Recovery(LIFW) - 2023 Q3 - Quarterly Report
2023-11-15 06:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 (State or other jurisdict ...
MSP Recovery(LIFW) - 2023 Q2 - Quarterly Report
2023-08-31 05:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 (State or other jurisdiction o ...
MSP Recovery(LIFW) - 2023 Q1 - Quarterly Report
2023-08-18 05:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 ( State or other jurisdiction ...