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1Life Healthcare Inc (ONEM) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

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1Life Healthcare Inc

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CIK: 1404123 Ticker: ONEM

Exhibit 99.1
One Medical Announces Results for Second Quarter 2021
•Second Quarter 2021 Ending Membership Count of 621,000, a 31% Increase Year-Over-Year
•Second Quarter 2021 Net Revenue of $120.4 Million, a 54% Increase Year-Over-Year
•Ending Second Quarter 2021 Cash and Short-term Marketable Securities of $653.8 Million
•Provides Q3 2021 Guidance and Updates Full Year 2021 Guidance
SAN FRANCISCO – August 4, 2021 – 1Life Healthcare, Inc. (One Medical) (Nasdaq: ONEM) today announced financial results for the second quarter ended June 30, 2021.
“One Medical’s human-centered and technology-powered model continues to resonate with a growing number of employers and consumers, supporting another quarter of outstanding performance delivered by our fabulous team,” said Amir Dan Rubin, Chair & CEO of One Medical. “With the proposed acquisition of Iora Health, we can further advance One Medical's position as a leader in consumer-driven, technology-powered, value-based health care across all ages and every stage of life.”
Financial Highlights for the Second Quarter 2021
All comparisons, unless otherwise noted, are to the three months ended June 30, 2020.
•Membership count as of quarter-end was 621,000 compared to 475,000, a 31% increase.
•Net Revenue was $120.4 million compared to $78.0 million, a 54% increase.
•Care Margin was $52.5 million, or 44% of net revenue; Loss from Operations was $42.6 million, or 35% of net revenue.
•Adjusted EBITDA was positive $6.9 million, or 6% of net revenue; Net Loss was $41.3 million, or 34% of net revenue.
Financial Outlook
One Medical provides forward-looking guidance on membership count, net revenue, care margin, and adjusted EBITDA. Care margin and adjusted EBITDA are non-GAAP measures.
For the third quarter of 2021, we expect:
•Ending Membership count in the range of 640,000 to 650,000; and,
•Net Revenue in the range of $113 million to $120 million.
For the full year of 2021, we expect:
•Ending Membership count in the range of 670,000 to 680,000;
•Net Revenue in the range of $475 million to $485 million;
•Care Margin in the range of $185 million to $195 million; and
•Adjusted EBITDA that approximates break-even.

The following information was filed by 1Life Healthcare Inc (ONEM) on Wednesday, August 4, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside 1Life Healthcare Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders' Equity (Deficit)
Condensed Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders' Equity (Deficit) (Parenthetical)
Business Combinations
Business Combinations (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Summary Of Interest Expense Recognized Related To Convertible Senior Notes (Details)
Convertible Senior Notes - Summary Of Net Carrying Amount Of Liability Component Of Convertible Senior Notes (Details)
Fair Value Measurements And Investments
Fair Value Measurements And Investments (Tables)
Fair Value Measurements And Investments - Additional Information (Details)
Fair Value Measurements And Investments - Investments (Details)
Fair Value Measurements And Investments - Schedule Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Estimated Future Amortization (Details)
Goodwill And Intangible Assets - Goodwill (Details)
Goodwill And Intangible Assets - Intangible Assets And Accumulated Amortization (Details)
Income Taxes
Income Taxes (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Components Of Operating Lease Costs (Details)
Leases - Future Minimum Lease Payments Under Non-Cancellable Operating Leases (Details)
Leases - Lease Term And Discount Rate (Details)
Leases - Supplemental Cash Flow Information (Details)
Nature Of The Business And Basis Of Presentation
Nature Of The Business And Basis Of Presentation (Tables)
Nature Of The Business And Basis Of Presentation - Additional Information (Details)
Nature Of The Business And Basis Of Presentation - Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Nature Of The Business And Basis Of Presentation - Summary Of Customers Representing 10% Or More Of Accounts Receivables (Details)
Nature Of The Business And Basis Of Presentation - Summary Of Customers Representing 10% Or More Of Net Revenue (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share (Details)
Net Loss Per Share - Schedule Of Basic And Diluted Net Loss Per Share (Details)
Note Receivable
Note Receivable (Details)
Related Party Transactions
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Schedule Of Contract Assets And Deferred Revenue (Details)
Revenue Recognition - Schedule Of Remaining Performance Obligation (Details)
Revenue Recognition - Summary Of Net Patient Service Revenue By Source (Details)
Revenue Recognition - Summary Of Net Revenue (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Summary Of Rsu Activity (Details)
Stock-Based Compensation - Summary Of Stock Option Activity (Details)
Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details)
Stock-Based Compensation - Tranches Of Performance Stock Option (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Variable Interest Entities
Variable Interest Entities (Details)

Material Contracts, Statements, Certifications & more

1Life Healthcare Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: ONEM
CIK: 1404123
Form Type: 10-Q Quarterly Report
Accession Number: 0001404123-21-000063
Submitted to the SEC: Wed Aug 04 2021 5:11:24 PM EST
Accepted by the SEC: Wed Aug 04 2021
Period: Wednesday, June 30, 2021
Industry: Offices And Clinics Of Doctors Of Medicine

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